First Financial Corp IN Grows Position in NextEra Energy, Inc. (NYSE:NEE)

First Financial Corp IN lifted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 7.0% in the fourth quarter, Holdings Channel reports. The firm owned 15,549 shares of the utilities provider’s stock after purchasing an additional 1,012 shares during the period. First Financial Corp IN’s holdings in NextEra Energy were worth $1,115,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC grew its stake in NextEra Energy by 2.0% during the third quarter. Geode Capital Management LLC now owns 42,418,748 shares of the utilities provider’s stock worth $3,571,650,000 after buying an additional 820,704 shares during the period. Legal & General Group Plc lifted its holdings in shares of NextEra Energy by 0.7% during 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 in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of NextEra Energy by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 13,284,785 shares of the utilities provider’s stock valued at $1,122,963,000 after acquiring an additional 86,758 shares in the last quarter. Nordea Investment Management AB boosted its position in NextEra Energy by 20.9% during the 4th quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock worth $634,703,000 after purchasing an additional 1,525,436 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its holdings in NextEra Energy by 5.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,630,775 shares of the utilities provider’s stock valued at $729,559,000 after purchasing an additional 452,590 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group initiated coverage on NextEra Energy in a research report on Thursday, September 19th. They issued a “hold” rating and a $87.00 target price for the company. Barclays upped their price target on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Royal Bank of Canada lowered shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Morgan Stanley decreased their target price on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. Finally, Dbs Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, NextEra Energy has a consensus rating of “Hold” and an average price target of $87.15.

Insider Activity

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the transaction, the executive vice president now owns 15,792 shares of the company’s stock, valued at $1,193,401.44. This trade represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.18% of the company’s stock.

NextEra Energy Stock Down 0.8 %

Shares of NextEra Energy stock opened at $66.85 on Tuesday. The business has a 50-day moving average price of $74.00 and a 200 day moving average price of $77.28. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10. The firm has a market cap of $137.47 billion, a P/E ratio of 19.78, a P/E/G ratio of 2.66 and a beta of 0.58. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The business had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. During the same period in the previous year, the business earned $0.94 EPS. The business’s quarterly revenue was up 5.5% on a year-over-year basis. On average, sell-side analysts forecast that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 22nd were given a $0.515 dividend. The ex-dividend date was Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.08%. NextEra Energy’s payout ratio is currently 60.95%.

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.