Security National Trust Co. reduced its stake in shares of NextEra Energy Inc (NYSE:NEE) by 45.0% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 665 shares of the utilities provider’s stock after selling 544 shares during the period. Security National Trust Co.’s holdings in NextEra Energy were worth $129,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in NEE. Webster Bank N. A. grew its position in shares of NextEra Energy by 1.4% during the 1st quarter. Webster Bank N. A. now owns 4,031 shares of the utilities provider’s stock valued at $779,000 after acquiring an additional 54 shares during the period. Starfire Investment Advisers Inc. grew its position in shares of NextEra Energy by 2.9% during the 1st quarter. Starfire Investment Advisers Inc. now owns 1,973 shares of the utilities provider’s stock valued at $381,000 after acquiring an additional 55 shares during the period. Miller Howard Investments Inc. NY grew its position in shares of NextEra Energy by 0.5% during the 4th quarter. Miller Howard Investments Inc. NY now owns 11,662 shares of the utilities provider’s stock valued at $2,027,000 after acquiring an additional 56 shares during the period. Logan Capital Management Inc. grew its position in shares of NextEra Energy by 3.4% during the 4th quarter. Logan Capital Management Inc. now owns 1,698 shares of the utilities provider’s stock valued at $295,000 after acquiring an additional 56 shares during the period. Finally, Buckley Wealth Management LLC grew its position in shares of NextEra Energy by 1.9% during the 1st quarter. Buckley Wealth Management LLC now owns 3,164 shares of the utilities provider’s stock valued at $612,000 after acquiring an additional 58 shares during the period. 77.24% of the stock is currently owned by institutional investors.
NEE stock opened at $191.71 on Monday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.29 and a current ratio of 0.46. NextEra Energy Inc has a 12-month low of $155.06 and a 12-month high of $195.55. The stock has a market capitalization of $91.82 billion, a P/E ratio of 24.90, a PEG ratio of 2.91 and a beta of 0.29.
In other NextEra Energy news, insider Manoochehr K. Nazar sold 36,807 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $189.87, for a total value of $6,988,545.09. Following the transaction, the insider now directly owns 149,034 shares of the company’s stock, valued at approximately $28,297,085.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Rudy E. Schupp sold 1,600 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $191.52, for a total transaction of $306,432.00. Following the completion of the transaction, the director now directly owns 19,210 shares in the company, valued at $3,679,099.20. The disclosure for this sale can be found here. Insiders sold a total of 173,773 shares of company stock worth $33,097,211 over the last three months. Corporate insiders own 0.48% of the company’s stock.
A number of equities research analysts have recently commented on the company. Zacks Investment Research cut NextEra Energy from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. Credit Suisse Group set a $199.00 price objective on NextEra Energy and gave the stock a “buy” rating in a report on Monday, April 22nd. Goldman Sachs Group cut NextEra Energy from a “conviction-buy” rating to a “buy” rating and set a $194.00 price objective on the stock. in a report on Monday, April 8th. Wells Fargo & Co lifted their price objective on NextEra Energy from $200.00 to $210.00 and gave the stock an “outperform” rating in a report on Wednesday, April 24th. Finally, Barclays upgraded NextEra Energy from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $187.00 to $207.00 in a report on Wednesday, March 20th. They noted that the move was a valuation call. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $185.33.
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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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.
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