Missouri Trust & Investment Co Buys 5,965 Shares of NextEra Energy, Inc. $NEE

Missouri Trust & Investment Co increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 24.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 30,485 shares of the utilities provider’s stock after acquiring an additional 5,965 shares during the quarter. NextEra Energy comprises about 0.7% of Missouri Trust & Investment Co’s portfolio, making the stock its 27th largest holding. Missouri Trust & Investment Co’s holdings in NextEra Energy were worth $2,301,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Sax Wealth Advisors LLC lifted its stake in NextEra Energy by 0.6% in the 3rd quarter. Sax Wealth Advisors LLC now owns 19,380 shares of the utilities provider’s stock worth $1,463,000 after purchasing an additional 118 shares in the last quarter. apricus wealth LLC increased its holdings in shares of NextEra Energy by 3.8% in the third quarter. apricus wealth LLC now owns 3,272 shares of the utilities provider’s stock worth $247,000 after purchasing an additional 120 shares during the last quarter. Fingerlakes Wealth Management Inc. lifted its position in shares of NextEra Energy by 0.8% in the third quarter. Fingerlakes Wealth Management Inc. now owns 16,215 shares of the utilities provider’s stock worth $1,224,000 after buying an additional 124 shares in the last quarter. Heritage Wealth Management Inc. lifted its position in shares of NextEra Energy by 1.0% in the third quarter. Heritage Wealth Management Inc. now owns 12,320 shares of the utilities provider’s stock worth $930,000 after buying an additional 125 shares in the last quarter. Finally, Bank of Jackson Hole Trust boosted its stake in NextEra Energy by 1.1% during the third quarter. Bank of Jackson Hole Trust now owns 11,885 shares of the utilities provider’s stock valued at $897,000 after buying an additional 126 shares during the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on NEE shares. BTIG Research reaffirmed a “buy” rating and issued a $103.00 price objective on shares of NextEra Energy in a research note on Wednesday, January 28th. UBS Group set a $91.00 target price on shares of NextEra Energy and gave the company a “buy” rating in a report on Wednesday, December 17th. Evercore restated an “outperform” rating and issued a $93.00 price target on shares of NextEra Energy in a research report on Tuesday, October 28th. Wells Fargo & Company upped their price target on shares of NextEra Energy from $97.00 to $98.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Finally, Barclays increased their price objective on shares of NextEra Energy from $84.00 to $85.00 and gave the company an “equal weight” rating in a research report on Thursday, January 15th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, NextEra Energy presently has an average rating of “Moderate Buy” and an average price target of $92.95.

Insiders Place Their Bets

In related news, CEO John W. Ketchum sold 99,603 shares of the business’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $89.34, for a total transaction of $8,898,532.02. Following the completion of the transaction, the chief executive officer owned 305,933 shares in the company, valued at $27,332,054.22. The trade was a 24.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Charles E. Sieving sold 30,000 shares of the company’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total value of $2,700,000.00. Following the completion of the transaction, the executive vice president directly owned 167,481 shares in the company, valued at $15,073,290. This trade represents a 15.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 304,189 shares of company stock valued at $26,373,239 over the last quarter. 0.20% of the stock is currently owned by insiders.

NextEra Energy Stock Up 0.7%

Shares of NEE opened at $91.96 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.60 and a debt-to-equity ratio of 1.35. The business has a fifty day moving average of $83.40 and a 200 day moving average of $79.97. The company has a market cap of $191.51 billion, a PE ratio of 27.95, a P/E/G ratio of 2.82 and a beta of 0.76. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $93.59.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.01. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. The business had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $7.07 billion. During the same quarter last year, the firm earned $0.53 earnings per share. The firm’s quarterly revenue was up 20.7% compared to the same quarter last year. On average, sell-side analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

About NextEra Energy

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.