NextEra Energy, Inc. (NYSE:NEE) Shares Bought by Global Trust Asset Management LLC

Global Trust Asset Management LLC raised its holdings in NextEra Energy, Inc. (NYSE:NEE) by 5.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 54,731 shares of the utilities provider’s stock after acquiring an additional 3,027 shares during the period. NextEra Energy makes up approximately 1.7% of Global Trust Asset Management LLC’s investment portfolio, making the stock its 10th largest position. Global Trust Asset Management LLC’s holdings in NextEra Energy were worth $4,626,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Legal & General Group Plc raised its holdings in NextEra Energy by 0.7% in the 2nd quarter. Legal & General Group Plc now owns 21,298,642 shares of the utilities provider’s stock valued at $1,508,155,000 after acquiring an additional 143,748 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in NextEra Energy by 9.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 8,178,185 shares of the utilities provider’s stock valued at $579,097,000 after acquiring an additional 691,341 shares during the last quarter. Nordea Investment Management AB raised its holdings in NextEra Energy by 22.3% in the 1st quarter. Nordea Investment Management AB now owns 6,961,556 shares of the utilities provider’s stock valued at $443,834,000 after acquiring an additional 1,268,900 shares during the last quarter. Raymond James & Associates raised its holdings in NextEra Energy by 14.3% in the 3rd quarter. Raymond James & Associates now owns 6,809,093 shares of the utilities provider’s stock valued at $575,573,000 after acquiring an additional 851,873 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in NextEra Energy by 7.2% in the 2nd quarter. Principal Financial Group Inc. now owns 6,100,348 shares of the utilities provider’s stock valued at $431,966,000 after acquiring an additional 409,708 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. BMO Capital Markets raised their price target on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Guggenheim raised their price target on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday. Jefferies Financial Group assumed coverage on shares of NextEra Energy in a report on Thursday, September 19th. They set a “hold” rating and a $87.00 price target for the company. Scotiabank raised their price target on shares of NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Finally, Barclays raised their price target on shares of NextEra Energy from $76.00 to $80.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, NextEra Energy currently has an average rating of “Hold” and an average target price of $86.38.

NextEra Energy Stock Performance

Shares of NEE opened at $82.82 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49. The company has a market capitalization of $170.16 billion, a price-to-earnings ratio of 22.57, a PEG ratio of 2.92 and a beta of 0.56. The company’s 50 day simple moving average is $82.19 and its 200 day simple moving average is $75.96. NextEra Energy, Inc. has a 1 year low of $53.81 and a 1 year high of $86.10.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. The company had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. NextEra Energy’s revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.94 earnings per share. On average, sell-side analysts predict that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s dividend payout ratio is presently 56.13%.

Insider Activity

In other news, EVP Nicole J. Daggs sold 658 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total value of $50,646.26. Following the transaction, the executive vice president now owns 100 shares of the company’s stock, valued at approximately $7,697. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.18% of the company’s stock.

NextEra Energy Company 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.