NextEra Energy Inc (NEE) Position Raised by Argent Trust Co

Argent Trust Co lifted its holdings in shares of NextEra Energy Inc (NYSE:NEE) by 67.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,148 shares of the utilities provider’s stock after buying an additional 12,598 shares during the period. Argent Trust Co’s holdings in NextEra Energy were worth $5,414,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Ceredex Value Advisors LLC lifted its position in shares of NextEra Energy by 24.4% during the 3rd quarter. Ceredex Value Advisors LLC now owns 631,886 shares of the utilities provider’s stock valued at $105,904,000 after buying an additional 123,836 shares in the last quarter. Rehmann Capital Advisory Group lifted its position in shares of NextEra Energy by 2.0% during the 3rd quarter. Rehmann Capital Advisory Group now owns 11,132 shares of the utilities provider’s stock valued at $1,866,000 after buying an additional 223 shares in the last quarter. Hexavest Inc. purchased a new position in shares of NextEra Energy during the 4th quarter valued at about $68,255,000. Evermay Wealth Management LLC lifted its position in shares of NextEra Energy by 26.6% during the 4th quarter. Evermay Wealth Management LLC now owns 6,552 shares of the utilities provider’s stock valued at $1,139,000 after buying an additional 1,376 shares in the last quarter. Finally, BLB&B Advisors LLC lifted its position in shares of NextEra Energy by 2.1% during the 4th quarter. BLB&B Advisors LLC now owns 25,513 shares of the utilities provider’s stock valued at $4,435,000 after buying an additional 517 shares in the last quarter. 77.71% of the stock is currently owned by institutional investors.

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Shares of NEE opened at $185.37 on Wednesday. The company has a market cap of $88.08 billion, a P/E ratio of 24.07, a price-to-earnings-growth ratio of 2.81 and a beta of 0.26. NextEra Energy Inc has a 12-month low of $151.32 and a 12-month high of $185.81. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.29 and a current ratio of 0.36.

NextEra Energy (NYSE:NEE) last issued its earnings results on Friday, January 25th. The utilities provider reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.02). The business had revenue of $4.39 billion for the quarter, compared to the consensus estimate of $4.84 billion. NextEra Energy had a net margin of 39.74% and a return on equity of 10.01%. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period last year, the business posted $1.25 EPS. On average, equities analysts expect that NextEra Energy Inc will post 8.39 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Thursday, February 28th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend is Wednesday, February 27th. This is an increase from NextEra Energy’s previous quarterly dividend of $1.11. NextEra Energy’s dividend payout ratio (DPR) is 57.66%.

In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 35,347 shares of NextEra Energy stock in a transaction that occurred on Thursday, December 6th. The stock was sold at an average price of $180.81, for a total value of $6,391,091.07. Following the sale, the chief executive officer now owns 94,596 shares of the company’s stock, valued at approximately $17,103,902.76. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director James L. Robo sold 18,000 shares of NextEra Energy stock in a transaction that occurred on Thursday, December 6th. The stock was sold at an average price of $180.67, for a total value of $3,252,060.00. The disclosure for this sale can be found here. Insiders have sold a total of 58,001 shares of company stock worth $10,475,928 in the last three months. 0.55% of the stock is owned by corporate insiders.

A number of research firms have recently weighed in on NEE. Morgan Stanley lifted their price objective on NextEra Energy from $184.00 to $188.00 and gave the company an “overweight” rating in a research report on Tuesday, February 12th. Credit Suisse Group lifted their price objective on NextEra Energy from $186.00 to $193.00 and gave the company an “outperform” rating in a research report on Wednesday, December 12th. Zacks Investment Research raised NextEra Energy from a “hold” rating to a “buy” rating and set a $204.00 price objective on the stock in a research report on Monday, December 17th. Barclays lifted their price objective on NextEra Energy from $182.00 to $187.00 and gave the company a “hold” rating in a research report on Monday, November 19th. Finally, Argus lifted their price objective on NextEra Energy from $184.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, October 31st. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $178.75.

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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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

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