Wesbanco Bank Inc. Grows Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Wesbanco Bank Inc. increased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.5% in the 1st quarter, HoldingsChannel reports. The firm owned 318,604 shares of the utilities provider’s stock after acquiring an additional 7,725 shares during the quarter. NextEra Energy makes up approximately 0.8% of Wesbanco Bank Inc.’s holdings, making the stock its 26th largest holding. Wesbanco Bank Inc.’s holdings in NextEra Energy were worth $22,586,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in NEE. Bellwether Advisors LLC acquired a new stake in NextEra Energy during the 4th quarter worth about $30,000. WealthTrak Capital Management LLC purchased a new stake in shares of NextEra Energy in the fourth quarter worth about $33,000. Copia Wealth Management acquired a new stake in NextEra Energy during the fourth quarter worth about $36,000. Midwest Capital Advisors LLC purchased a new position in NextEra Energy during the fourth quarter valued at approximately $44,000. Finally, Promus Capital LLC purchased a new position in NextEra Energy during the fourth quarter valued at approximately $45,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Up 0.9%

NEE stock opened at $72.16 on Monday. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The firm has a 50-day simple moving average of $68.45 and a 200-day simple moving average of $70.55. The stock has a market capitalization of $148.55 billion, a P/E ratio of 21.41, a P/E/G ratio of 2.45 and a beta of 0.68.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, hitting the consensus estimate of $0.99. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. The company had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.58 billion. During the same period in the previous year, the business earned $0.91 EPS. NextEra Energy’s quarterly revenue was up 9.0% on a year-over-year basis. Equities analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 3.14%. The ex-dividend date is Monday, June 2nd. NextEra Energy’s payout ratio is 84.64%.

Insider Activity at NextEra Energy

In related news, EVP Charles E. Sieving sold 23,684 shares of the business’s stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the transaction, the executive vice president now directly owns 196,817 shares in the company, valued at approximately $13,777,190. The trade was a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

NEE has been the topic of several recent research reports. Morgan Stanley restated an “overweight” rating on shares of NextEra Energy in a research report on Wednesday, April 23rd. Barclays lowered their price target on shares of NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 29th. BMO Capital Markets cut their price objective on shares of NextEra Energy from $84.00 to $77.00 and set an “outperform” rating for the company in a report on Monday, April 14th. Guggenheim reissued a “buy” rating and set a $89.00 target price on shares of NextEra Energy in a research note on Thursday, March 20th. Finally, JPMorgan Chase & Co. raised their target price on NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $83.50.

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,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.