Heritage Trust Co Acquires New Stake in NextEra Energy, Inc. (NYSE:NEE)

Heritage Trust Co bought a new stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 42,000 shares of the utilities provider's stock, valued at approximately $3,011,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Burkett Financial Services LLC boosted its holdings in NextEra Energy by 1,229.6% in the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 332 shares during the last quarter. Sugar Maple Asset Management LLC acquired a new stake in NextEra Energy during the 4th quarter valued at $28,000. Quarry LP acquired a new position in shares of NextEra Energy in the third quarter worth about $33,000. WealthTrak Capital Management LLC purchased a new position in NextEra Energy in the fourth quarter valued at about $33,000. Finally, Luken Investment Analytics LLC purchased a new stake in NextEra Energy during the 4th quarter worth approximately $36,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Evercore ISI reduced their price target on shares of NextEra Energy from $84.00 to $79.00 and set an "in-line" rating on the stock in a research report on Monday, January 27th. JPMorgan Chase & Co. boosted their price target on NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a report on Tuesday, March 11th. Guggenheim reissued a "buy" rating and set a $89.00 target price on shares of NextEra Energy in a report on Thursday, March 20th. Morgan Stanley lifted their price target on shares of NextEra Energy from $95.00 to $97.00 and gave the company an "overweight" rating in a report on Thursday, March 20th. Finally, Jefferies Financial Group dropped their price objective on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $85.38.

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Insider Buying and Selling

In related news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total transaction of $162,258.47. Following the sale, the chief accounting officer now directly owns 27,427 shares of the company's stock, valued at approximately $1,867,504.43. The trade was a 7.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.18% of the stock is owned by company insiders.

NextEra Energy Stock Up 2.8 %

NEE stock traded up $1.83 during midday trading on Monday, hitting $67.64. The company's stock had a trading volume of 11,588,679 shares, compared to its average volume of 10,833,152. The company's fifty day moving average price is $69.89 and its 200 day moving average price is $73.78. NextEra Energy, Inc. has a twelve month low of $61.31 and a twelve month high of $86.10. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The stock has a market capitalization of $139.24 billion, a P/E ratio of 20.07, a PEG ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, meeting analysts' consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. As a group, equities research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were issued a dividend of $0.5665 per share. This is a positive change from NextEra Energy's previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a dividend yield of 3.35%. The ex-dividend date of this dividend was Friday, February 28th. NextEra Energy's dividend payout ratio is 67.06%.

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.