First National Trust Co Sells 4,175 Shares of NextEra Energy, Inc. $NEE

First National Trust Co lessened its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 228,479 shares of the utilities provider’s stock after selling 4,175 shares during the period. First National Trust Co’s holdings in NextEra Energy were worth $15,861,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of NEE. Purkiss Capital Advisors LLC increased its holdings in shares of NextEra Energy by 130.0% in the second quarter. Purkiss Capital Advisors LLC now owns 15,694 shares of the utilities provider’s stock worth $1,089,000 after purchasing an additional 8,870 shares during the period. Signet Investment Advisory Group Inc. increased its holdings in shares of NextEra Energy by 1.8% in the second quarter. Signet Investment Advisory Group Inc. now owns 65,639 shares of the utilities provider’s stock worth $4,557,000 after purchasing an additional 1,131 shares during the period. Motley Fool Wealth Management LLC increased its stake in NextEra Energy by 135.3% in the 2nd quarter. Motley Fool Wealth Management LLC now owns 298,199 shares of the utilities provider’s stock worth $20,701,000 after acquiring an additional 171,485 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund increased its stake in NextEra Energy by 22.7% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 172,334 shares of the utilities provider’s stock worth $11,963,000 after acquiring an additional 31,900 shares during the last quarter. Finally, Advisory Alpha LLC increased its stake in NextEra Energy by 9.2% in the 2nd quarter. Advisory Alpha LLC now owns 17,089 shares of the utilities provider’s stock worth $1,186,000 after acquiring an additional 1,446 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on NEE. Evercore ISI set a $92.00 target price on NextEra Energy and gave the stock an “outperform” rating in a research note on Monday, October 6th. Jefferies Financial Group restated a “hold” rating and issued a $85.00 price objective (up from $77.00) on shares of NextEra Energy in a research report on Tuesday, October 14th. Melius assumed coverage on shares of NextEra Energy in a report on Wednesday, August 20th. They issued a “buy” rating and a $77.00 price target on the stock. Cowen assumed coverage on shares of NextEra Energy in a report on Wednesday, October 15th. They issued a “buy” rating on the stock. Finally, Morgan Stanley reissued an “overweight” rating and issued a $95.00 price target (down previously from $96.00) on shares of NextEra Energy in a report on Thursday, September 25th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, NextEra Energy currently has a consensus rating of “Moderate Buy” and an average price target of $89.00.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Michael Dunne sold 10,000 shares of the company’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $70.79, for a total transaction of $707,900.00. Following the completion of the sale, the executive vice president directly owned 62,064 shares in the company, valued at $4,393,510.56. This represents a 13.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Mark Lemasney sold 846 shares of the company’s stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $74.90, for a total transaction of $63,365.40. Following the sale, the executive vice president owned 9,267 shares of the company’s stock, valued at approximately $694,098.30. The trade was a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,028 shares of company stock worth $1,738,973 over the last three months. Company insiders own 0.18% of the company’s stock.

NextEra Energy Stock Up 2.0%

Shares of NEE opened at $86.08 on Tuesday. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $87.29. The firm has a market cap of $177.26 billion, a P/E ratio of 30.10, a P/E/G ratio of 2.85 and a beta of 0.66. The stock has a 50 day simple moving average of $76.84 and a two-hundred day simple moving average of $73.00. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 21st will be paid a $0.5665 dividend. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.6%. NextEra Energy’s dividend payout ratio is 79.37%.

NextEra Energy 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.