NextEra Energy, Inc. (NYSE:NEE) is Global Trust Asset Management LLC’s 10th Largest Position

Global Trust Asset Management LLC grew its holdings in NextEra Energy, Inc. (NYSE:NEE) by 5.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 54,731 shares of the utilities provider’s stock after buying an additional 3,027 shares during the quarter. NextEra Energy makes up about 1.7% of Global Trust Asset Management LLC’s investment portfolio, making the stock its 10th largest holding. Global Trust Asset Management LLC’s holdings in NextEra Energy were worth $4,626,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of NEE. Intech Investment Management LLC increased its position in NextEra Energy by 35.7% during the 1st quarter. Intech Investment Management LLC now owns 100,308 shares of the utilities provider’s stock valued at $6,411,000 after buying an additional 26,382 shares in the last quarter. Border to Coast Pensions Partnership Ltd increased its position in NextEra Energy by 2.2% during the 3rd quarter. Border to Coast Pensions Partnership Ltd now owns 1,216,077 shares of the utilities provider’s stock valued at $102,495,000 after buying an additional 26,270 shares in the last quarter. Ancora Advisors LLC increased its position in NextEra Energy by 10.6% during the 1st quarter. Ancora Advisors LLC now owns 79,994 shares of the utilities provider’s stock valued at $5,112,000 after buying an additional 7,677 shares in the last quarter. Magnolia Capital Advisors LLC increased its position in NextEra Energy by 1,224.3% during the 2nd quarter. Magnolia Capital Advisors LLC now owns 72,453 shares of the utilities provider’s stock valued at $5,130,000 after buying an additional 66,982 shares in the last quarter. Finally, Raymond James & Associates increased its position in NextEra Energy by 57.0% during the 2nd quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider’s stock valued at $421,831,000 after buying an additional 2,163,437 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on NEE. JPMorgan Chase & Co. raised their price objective on NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Wells Fargo & Company increased their target price on NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research note on Tuesday, September 3rd. Royal Bank of Canada downgraded NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday. Morgan Stanley increased their target price on NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. Finally, Guggenheim increased their target price on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, NextEra Energy has an average rating of “Hold” and a consensus target price of $86.38.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total value of $50,646.26. Following the sale, the executive vice president now directly owns 100 shares of the company’s stock, valued at approximately $7,697. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is owned by insiders.

NextEra Energy Stock Performance

Shares of NEE stock opened at $82.82 on Friday. The business’s fifty day simple moving average is $82.19 and its 200-day simple moving average is $75.96. The company has a market cap of $170.16 billion, a PE ratio of 22.57, a PEG ratio of 2.92 and a beta of 0.56. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15. NextEra Energy, Inc. has a 12-month low of $53.81 and a 12-month high of $86.10.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. The business had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The business’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.94 earnings per share. Analysts expect that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be given a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s payout ratio is 56.13%.

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.