Equitable Trust Co. Has $3.16 Million Position in NextEra Energy, Inc. (NYSE:NEE)

Equitable Trust Co. raised its holdings in NextEra Energy, Inc. (NYSE:NEE) by 8.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 44,077 shares of the utilities provider’s stock after buying an additional 3,438 shares during the period. Equitable Trust Co.’s holdings in NextEra Energy were worth $3,160,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NEE. Burkett Financial Services LLC increased its stake in NextEra Energy by 1,229.6% in the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after buying an additional 332 shares during the last quarter. Reston Wealth Management LLC acquired a new position in shares of NextEra Energy during the 3rd quarter worth about $27,000. Sugar Maple Asset Management LLC acquired a new position in shares of NextEra Energy during the 4th quarter worth about $28,000. Quarry LP acquired a new position in shares of NextEra Energy during the 3rd quarter worth about $33,000. Finally, Luken Investment Analytics LLC acquired a new position in shares of NextEra Energy during the 4th quarter worth about $36,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on NEE shares. BMO Capital Markets boosted their price objective on shares of NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Barclays boosted their price objective on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Morgan Stanley boosted their price objective on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Royal Bank of Canada downgraded shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Finally, Jefferies Financial Group reduced their target price on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, NextEra Energy presently has a consensus rating of “Hold” and a consensus price target of $85.85.

Insider Transactions at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of the company’s stock in a transaction that occurred on 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 sale, the executive vice president now owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. This represents a 20.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.18% of the stock is currently owned by insiders.

NextEra Energy Stock Performance

NYSE NEE opened at $68.24 on Monday. 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 company has a market capitalization of $140.33 billion, a P/E ratio of 20.25, a P/E/G ratio of 2.42 and a beta of 0.58. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10. The firm has a 50-day moving average price of $71.66 and a two-hundred day moving average price of $77.02.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

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.