Community Trust & Investment Co. Cuts Position in NextEra Energy, Inc. (NYSE:NEE)

Community Trust & Investment Co. lessened its holdings in NextEra Energy, Inc. (NYSE:NEE – Get Rating) by 1.3% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 103,614 shares of the utilities provider’s stock after selling 1,364 shares during the period. Community Trust & Investment Co.’s holdings in NextEra Energy were worth $8,662,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NEE. Two Sigma Advisers LP bought a new position in NextEra Energy in the 3rd quarter worth about $24,166,000. Foundations Investment Advisors LLC grew its holdings in NextEra Energy by 28.6% during the 3rd quarter. Foundations Investment Advisors LLC now owns 4,899 shares of the utilities provider’s stock valued at $384,000 after buying an additional 1,090 shares in the last quarter. McAdam LLC grew its holdings in NextEra Energy by 4.5% during the 3rd quarter. McAdam LLC now owns 3,374 shares of the utilities provider’s stock valued at $265,000 after buying an additional 145 shares in the last quarter. Oxler Private Wealth LLC boosted its position in shares of NextEra Energy by 0.5% during the 3rd quarter. Oxler Private Wealth LLC now owns 42,270 shares of the utilities provider’s stock valued at $3,314,000 after acquiring an additional 198 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its position in shares of NextEra Energy by 5.1% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 141,104 shares of the utilities provider’s stock valued at $11,796,000 after acquiring an additional 6,828 shares during the last quarter. Hedge funds and other institutional investors own 76.17% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on NEE. Guggenheim dropped their target price on NextEra Energy from $102.00 to $96.00 and set a “buy” rating for the company in a research report on Thursday, January 26th. Bank of America downgraded NextEra Energy from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $94.00 to $80.00 in a research report on Thursday, January 26th. Morgan Stanley lowered their price objective on NextEra Energy from $100.00 to $97.00 and set an “overweight” rating for the company in a research report on Wednesday, February 22nd. Credit Suisse Group reduced their target price on NextEra Energy from $89.00 to $85.00 and set an “outperform” rating on the stock in a research note on Thursday, January 26th. Finally, Royal Bank of Canada reduced their target price on NextEra Energy from $101.00 to $98.00 and set an “outperform” rating on the stock in a research note on Monday, January 30th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, NextEra Energy currently has an average rating of “Moderate Buy” and an average price target of $91.83.

Insider Transactions at NextEra Energy

In related news, Director Amy B. Lane purchased 1,000 shares of NextEra Energy stock in a transaction dated Monday, February 6th. The stock was purchased at an average cost of $74.86 per share, for a total transaction of $74,860.00. Following the completion of the purchase, the director now directly owns 41,277 shares of the company’s stock, valued at approximately $3,089,996.22. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. In other NextEra Energy news, CEO Armando Pimentel, Jr. bought 13,200 shares of the business’s stock in a transaction that occurred on Tuesday, February 21st. The stock was bought at an average cost of $75.44 per share, for a total transaction of $995,808.00. Following the completion of the transaction, the chief executive officer now owns 129,230 shares of the company’s stock, valued at approximately $9,749,111.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Amy B. Lane purchased 1,000 shares of the company’s stock in a transaction on Monday, February 6th. The stock was purchased at an average price of $74.86 per share, with a total value of $74,860.00. Following the completion of the transaction, the director now owns 41,277 shares of the company’s stock, valued at $3,089,996.22. The disclosure for this purchase can be found here. Insiders purchased 18,872 shares of company stock worth $1,417,721 over the last three months. 0.38% of the stock is currently owned by company insiders.

NextEra Energy Stock Down 0.7 %

NextEra Energy stock traded down $0.56 during trading hours on Friday, hitting $75.67. The stock had a trading volume of 14,137,395 shares, compared to its average volume of 9,749,707. The company has a quick ratio of 0.43, a current ratio of 0.51 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $150.39 billion, a P/E ratio of 36.21, a price-to-earnings-growth ratio of 2.65 and a beta of 0.44. NextEra Energy, Inc. has a 12-month low of $67.22 and a 12-month high of $91.35. The stock’s 50-day moving average price is $76.77 and its 200-day moving average price is $80.31.

NextEra Energy (NYSE:NEE – Get Rating) last issued its earnings results on Wednesday, January 25th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.01. The business had revenue of $6.16 billion during the quarter, compared to analysts’ expectations of $6.58 billion. NextEra Energy had a net margin of 19.79% and a return on equity of 12.51%. The business’s revenue for the quarter was up 22.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.41 earnings per share. Equities research analysts anticipate that NextEra Energy, Inc. will post 3.12 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 15th. Stockholders of record on Tuesday, February 28th were paid a $0.4675 dividend. The ex-dividend date of this dividend was Monday, February 27th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.43. This represents a $1.87 dividend on an annualized basis and a dividend yield of 2.47%. NextEra Energy’s payout ratio is currently 89.47%.

NextEra Energy Company Profile

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NextEra Energy, Inc engages in the provision of renewable energy. It operates through the following segments: FPL and NEER. The FPL segment involves the generation, transmission, distribution, and sale of electric energy in Florida. The NEER segment produces electricity from clean and renewable sources, including wind and solar.