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Trust Co. of Vermont Raises Stock Position in NextEra Energy, Inc. (NYSE:NEE)

NextEra Energy logo with Utilities background

Trust Co. of Vermont raised its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 2.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 377,120 shares of the utilities provider's stock after buying an additional 10,312 shares during the period. NextEra Energy comprises approximately 1.3% of Trust Co. of Vermont's portfolio, making the stock its 16th largest position. Trust Co. of Vermont's holdings in NextEra Energy were worth $27,036,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of NEE. International Assets Investment Management LLC grew its stake in NextEra Energy by 8,641.5% in the third quarter. International Assets Investment Management LLC now owns 3,861,208 shares of the utilities provider's stock worth $326,388,000 after purchasing an additional 3,817,037 shares during the period. Assenagon Asset Management S.A. grew its position in shares of NextEra Energy by 4,058.2% in the 3rd quarter. Assenagon Asset Management S.A. now owns 2,366,795 shares of the utilities provider's stock worth $200,065,000 after buying an additional 2,309,876 shares during the period. Nordea Investment Management AB lifted its position in NextEra Energy by 20.9% during the 4th quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider's stock valued at $634,703,000 after acquiring an additional 1,525,436 shares during the period. National Bank of Canada FI boosted its stake in NextEra Energy by 167.7% during the third quarter. National Bank of Canada FI now owns 2,186,225 shares of the utilities provider's stock worth $184,795,000 after acquiring an additional 1,369,689 shares in the last quarter. Finally, Raymond James & Associates grew its holdings 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 purchasing an additional 851,873 shares during the period. 78.72% of the stock is owned by institutional investors.

NextEra Energy Price Performance

Shares of NYSE NEE traded down $0.54 during midday trading on Friday, reaching $70.83. The stock had a trading volume of 12,662,751 shares, compared to its average volume of 7,419,646. 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, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10. The stock has a 50-day moving average of $73.50 and a 200-day moving average of $77.21. The company has a market capitalization of $145.66 billion, a price-to-earnings ratio of 20.96, a price-to-earnings-growth ratio of 2.26 and a beta of 0.58.

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

Insiders Place Their Bets

In related news, EVP Nicole J. Daggs sold 4,007 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 15,792 shares of the company's stock, valued at approximately $1,193,401.44. This trade represents a 20.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.18% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on NEE. Guggenheim upped their price target on NextEra Energy from $90.00 to $92.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Royal Bank of Canada downgraded NextEra Energy from a "moderate buy" rating to a "hold" rating in a report on Tuesday, October 22nd. Dbs Bank lowered NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 27th. Barclays lifted their price target on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an "equal weight" rating in a research note on Friday, October 25th. Finally, Morgan Stanley dropped their target price on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a report on Friday, November 22nd. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $87.15.

Read Our Latest Research Report on NEE

NextEra Energy Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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