New Covenant Trust Company N.A. Increases Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

New Covenant Trust Company N.A. boosted its stake in NextEra Energy, Inc. (NYSE:NEE) by 10.5% in the third quarter, Holdings Channel reports. The fund owned 5,062 shares of the utilities provider’s stock after buying an additional 482 shares during the quarter. New Covenant Trust Company N.A.’s holdings in NextEra Energy were worth $428,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of NEE. Reston Wealth Management LLC acquired a new position in shares of NextEra Energy during the third quarter worth $27,000. Semmax Financial Advisors Inc. increased its stake in NextEra Energy by 197.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock worth $26,000 after buying an additional 225 shares during the period. Proffitt & Goodson Inc. lifted its holdings in NextEra Energy by 64.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock worth $26,000 after buying an additional 144 shares in the last quarter. Valley Wealth Managers Inc. purchased a new position in NextEra Energy in the 2nd quarter valued at about $33,000. Finally, Maryland Capital Advisors Inc. purchased a new position in NextEra Energy in the 3rd quarter valued at about $39,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on NEE. Barclays lifted their target price on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Royal Bank of Canada downgraded NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Morgan Stanley increased their target price on NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. Dbs Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Finally, Guggenheim upped their price target on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, NextEra Energy presently has an average rating of “Hold” and an average price target of $86.54.

NextEra Energy Stock Down 2.4 %

Shares of NYSE:NEE opened at $77.35 on Friday. The company’s fifty day moving average is $82.39 and its two-hundred day moving average is $76.77. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. NextEra Energy, Inc. has a 1-year low of $53.81 and a 1-year high of $86.10. The stock has a market capitalization of $159.06 billion, a price-to-earnings ratio of 22.88, a price-to-earnings-growth ratio of 2.86 and a beta of 0.57.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.05. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The firm had revenue of $7.57 billion for the quarter, compared to analyst estimates of $8.11 billion. During the same quarter in the prior year, the business earned $0.94 earnings per share. NextEra Energy’s quarterly revenue was up 5.5% on a year-over-year basis. Equities analysts anticipate that NextEra Energy, Inc. will post 3.41 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be given a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a yield of 2.66%. NextEra Energy’s dividend payout ratio is currently 60.95%.

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,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.