Inspire Trust Co. N.A. Raises Stake in NextEra Energy, Inc. (NYSE:NEE)

Inspire Trust Co. N.A. lifted its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 13.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 89,659 shares of the utilities provider's stock after purchasing an additional 10,822 shares during the quarter. NextEra Energy accounts for 2.1% of Inspire Trust Co. N.A.'s investment portfolio, making the stock its 8th largest holding. Inspire Trust Co. N.A.'s holdings in NextEra Energy were worth $7,579,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Geode Capital Management LLC increased its position in shares of NextEra Energy by 2.0% during the third quarter. Geode Capital Management LLC now owns 42,418,748 shares of the utilities provider's stock valued at $3,571,650,000 after acquiring an additional 820,704 shares during the last quarter. Legal & General Group Plc increased its position in shares of NextEra Energy by 0.7% during the 2nd quarter. Legal & General Group Plc now owns 21,298,642 shares of the utilities provider's stock valued at $1,508,155,000 after purchasing an additional 143,748 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of NextEra Energy by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 13,284,785 shares of the utilities provider's stock worth $1,122,963,000 after purchasing an additional 86,758 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in NextEra Energy by 5.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,630,775 shares of the utilities provider's stock worth $729,559,000 after buying an additional 452,590 shares during the last quarter. Finally, Raymond James & Associates raised its position in NextEra Energy by 14.3% in the third quarter. Raymond James & Associates now owns 6,809,093 shares of the utilities provider's stock worth $575,573,000 after acquiring an additional 851,873 shares during the period. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Stock Performance

Shares of NEE stock traded up $0.40 during mid-day trading on Friday, reaching $73.62. 7,584,787 shares of the company's stock traded hands, compared to its average volume of 10,796,225. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10. The firm has a 50 day moving average price of $78.61 and a two-hundred day moving average price of $77.76. The firm has a market capitalization of $151.39 billion, a PE ratio of 21.66, a price-to-earnings-growth ratio of 2.67 and a beta of 0.56. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.05. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The business had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $8.11 billion. During the same quarter in the previous year, the firm earned $0.94 earnings per share. The company's revenue for the quarter was up 5.5% on a year-over-year basis. On average, research analysts forecast that NextEra Energy, Inc. will post 3.41 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.80%. NextEra Energy's payout ratio is 60.95%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Dbs Bank cut shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Friday, September 27th. Scotiabank boosted their target price on NextEra Energy from $92.00 to $96.00 and gave the company a "sector outperform" rating in a research note on Thursday. Barclays increased their price target on NextEra Energy from $80.00 to $82.00 and gave the stock an "equal weight" rating in a research note on Friday, October 25th. Morgan Stanley lowered their price objective on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a research note on Friday, November 22nd. Finally, Guggenheim increased their target price on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, NextEra Energy has an average rating of "Hold" and an average price target of $87.15.

Insider Transactions at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of the business's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the sale, the executive vice president now directly owns 15,792 shares in the company, valued at $1,193,401.44. The trade was a 20.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.18% of the company's stock.

NextEra Energy 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.