Glenmede Trust Co. NA Increases Holdings in NextEra Energy, Inc. (NYSE:NEE)

Glenmede Trust Co. NA grew its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 2.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,072,106 shares of the utilities provider's stock after purchasing an additional 30,590 shares during the period. Glenmede Trust Co. NA owned about 0.05% of NextEra Energy worth $90,625,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Reston Wealth Management LLC bought a new position in NextEra Energy during the third quarter valued at about $27,000. Semmax Financial Advisors Inc. grew its position in NextEra Energy by 197.4% during the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider's stock valued at $26,000 after buying an additional 225 shares during the period. Proffitt & Goodson Inc. grew its position in NextEra Energy by 64.0% during the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider's stock valued at $26,000 after buying an additional 144 shares during the period. Valley Wealth Managers Inc. bought a new position in NextEra Energy during the second quarter valued at about $33,000. Finally, Maryland Capital Advisors Inc. bought a new position in NextEra Energy during the third quarter valued at about $39,000. Hedge funds and other institutional investors own 78.72% of the company's stock.

Analyst Upgrades and Downgrades

NEE has been the topic of a number of recent research reports. Wells Fargo & Company increased their price objective on NextEra Energy from $95.00 to $102.00 and gave the stock an "overweight" rating in a report on Tuesday, September 3rd. Barclays increased their target price on NextEra Energy from $80.00 to $82.00 and gave the company an "equal weight" rating in a report on Friday, October 25th. Guggenheim increased their price objective on NextEra Energy from $90.00 to $92.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Bank of America increased their price objective on NextEra Energy from $77.00 to $81.00 and gave the stock a "neutral" rating in a report on Thursday, August 29th. Finally, Dbs Bank cut NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Friday, September 27th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $86.85.

NextEra Energy Stock Up 1.6 %

Shares of NextEra Energy stock traded up $1.23 on Wednesday, reaching $78.72. The company's stock had a trading volume of 4,805,242 shares, compared to its average volume of 10,906,405. The company has a market capitalization of $161.88 billion, a price-to-earnings ratio of 22.92, a P/E/G ratio of 2.77 and a beta of 0.57. The firm's fifty day simple moving average is $80.59 and its two-hundred day simple moving average is $77.79. NextEra Energy, Inc. has a 52 week low of $53.95 and a 52 week high of $86.10. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, topping analysts' consensus estimates of $0.98 by $0.05. The business had revenue of $7.57 billion during the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The company's quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.94 EPS. Equities analysts anticipate that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be issued a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 2.62%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy's payout ratio is currently 60.95%.

Insider Buying and Selling

In related news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the transaction, the executive vice president now directly owns 15,792 shares in the company, valued at approximately $1,193,401.44. The trade was a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

NextEra Energy Company Profile

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.