NextEra Energy, Inc. $NEE Stock Holdings Increased by Glenview Trust co

Glenview Trust co boosted its position in NextEra Energy, Inc. (NYSE:NEE) by 11.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 259,523 shares of the utilities provider’s stock after buying an additional 27,071 shares during the quarter. Glenview Trust co’s holdings in NextEra Energy were worth $18,398,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of NextEra Energy by 1.0% during the first quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider’s stock valued at $14,697,086,000 after purchasing an additional 2,025,193 shares during the last quarter. Northern Trust Corp grew its holdings in shares of NextEra Energy by 1.1% during the first quarter. Northern Trust Corp now owns 23,353,245 shares of the utilities provider’s stock valued at $1,655,512,000 after purchasing an additional 262,819 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of NextEra Energy by 6.7% during the first quarter. Goldman Sachs Group Inc. now owns 21,269,146 shares of the utilities provider’s stock valued at $1,507,770,000 after purchasing an additional 1,336,259 shares during the last quarter. GQG Partners LLC grew its holdings in shares of NextEra Energy by 58.4% during the first quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider’s stock valued at $1,221,896,000 after purchasing an additional 6,352,798 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of NextEra Energy by 20.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider’s stock valued at $1,165,748,000 after purchasing an additional 2,815,629 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on NEE shares. HSBC lowered their target price on NextEra Energy from $88.00 to $86.00 and set a “buy” rating for the company in a report on Friday, July 11th. Mizuho set a $78.00 target price on NextEra Energy in a report on Thursday, August 21st. JPMorgan Chase & Co. upped their target price on NextEra Energy from $86.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, August 22nd. Melius started coverage on NextEra Energy in a report on Wednesday, August 20th. They set a “buy” rating and a $77.00 target price for the company. Finally, UBS Group reduced their price objective on NextEra Energy from $94.00 to $84.00 and set a “buy” rating for the company in a research report on Friday, May 23rd. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $84.00.

Insiders Place Their Bets

In other NextEra Energy news, EVP Robert Coffey sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $71.84, for a total value of $538,800.00. Following the completion of the sale, the executive vice president directly owned 26,539 shares in the company, valued at $1,906,561.76. This represents a 22.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Michael Dunne sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $70.79, for a total value of $707,900.00. Following the completion of the sale, the executive vice president owned 62,064 shares of the company’s stock, valued at $4,393,510.56. This trade represents a 13.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,677 shares of company stock worth $1,415,418 over the last ninety days. Company insiders own 0.18% of the company’s stock.

NextEra Energy Stock Performance

Shares of NYSE NEE opened at $70.07 on Wednesday. The company has a market cap of $144.29 billion, a PE ratio of 24.50, a P/E/G ratio of 2.40 and a beta of 0.65. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10. The stock has a 50 day simple moving average of $73.22 and a 200-day simple moving average of $71.05.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. The firm had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.96 earnings per share. On average, equities research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, August 28th will be given a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Thursday, August 28th. NextEra Energy’s dividend payout ratio is 79.37%.

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.