NextEra Energy, Inc. (NYSE:NEE) Stock Holdings Lifted by Inspire Trust Co. N.A.

Inspire Trust Co. N.A. raised its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 13.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,659 shares of the utilities provider’s stock after purchasing an additional 10,822 shares during the period. NextEra Energy accounts for about 2.1% of Inspire Trust Co. N.A.’s investment portfolio, making the stock its 8th largest position. Inspire Trust Co. N.A.’s holdings in NextEra Energy were worth $7,579,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in NEE. Proffitt & Goodson Inc. boosted its holdings in NextEra Energy by 64.0% in the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 144 shares in the last quarter. Semmax Financial Advisors Inc. boosted its stake in shares of NextEra Energy by 197.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 225 shares in the last quarter. Reston Wealth Management LLC bought a new stake in shares of NextEra Energy during the 3rd quarter worth about $27,000. Valley Wealth Managers Inc. acquired a new position in shares of NextEra Energy during the 2nd quarter valued at about $33,000. Finally, Quarry LP bought a new position in shares of NextEra Energy in the 3rd quarter valued at approximately $33,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the transaction, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at $1,193,401.44. This trade represents a 20.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.18% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Wells Fargo & Company increased their price target on NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a report on Tuesday, September 3rd. Morgan Stanley lowered their target price on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. Guggenheim boosted 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. Bank of America raised their price target on NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a research report on Thursday, August 29th. Finally, Jefferies Financial Group began coverage on NextEra Energy in a research report on Thursday, September 19th. They set a “hold” rating and a $87.00 price objective for the company. Eight 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, NextEra Energy presently has an average rating of “Hold” and a consensus target price of $87.15.

NextEra Energy Stock Down 1.0 %

Shares of NEE stock opened at $73.22 on Friday. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33. The stock has a fifty day moving average price of $78.61 and a 200 day moving average price of $77.76. The stock has a market cap of $150.57 billion, a P/E ratio of 21.66, a price-to-earnings-growth ratio of 2.67 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last issued its 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 analyst estimates of $8.11 billion. During the same period in the previous year, the business earned $0.94 EPS. The firm’s revenue was up 5.5% on a year-over-year basis. Analysts predict that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business 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 dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 annualized dividend and a dividend yield of 2.81%. NextEra Energy’s dividend payout ratio (DPR) is presently 60.95%.

About NextEra Energy

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.