NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Trust Co. of Toledo NA OH

Trust Co. of Toledo NA OH cut its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.9% in the 4th quarter, Holdings Channel reports. The firm owned 64,380 shares of the utilities provider’s stock after selling 580 shares during the period. Trust Co. of Toledo NA OH’s holdings in NextEra Energy were worth $4,615,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Fiduciary Alliance LLC lifted its stake in NextEra Energy by 8.7% during the fourth quarter. Fiduciary Alliance LLC now owns 112,669 shares of the utilities provider’s stock valued at $8,077,000 after buying an additional 9,039 shares in the last quarter. Winthrop Advisory Group LLC purchased a new stake in shares of NextEra Energy in the 4th quarter valued at approximately $217,000. Aprio Wealth Management LLC boosted its stake in NextEra Energy by 9.5% in the 4th quarter. Aprio Wealth Management LLC now owns 4,204 shares of the utilities provider’s stock worth $301,000 after purchasing an additional 364 shares during the period. Czech National Bank grew its position in NextEra Energy by 6.5% during the 4th quarter. Czech National Bank now owns 445,870 shares of the utilities provider’s stock worth $31,964,000 after purchasing an additional 27,340 shares in the last quarter. Finally, Lynch & Associates IN raised its stake in NextEra Energy by 5.1% during the 4th quarter. Lynch & Associates IN now owns 60,392 shares of the utilities provider’s stock valued at $4,330,000 after purchasing an additional 2,953 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Performance

Shares of NextEra Energy stock traded down $1.17 on Monday, reaching $66.21. The stock had a trading volume of 3,647,136 shares, compared to its average volume of 7,706,225. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. The business’s 50-day moving average price is $74.23 and its two-hundred day moving average price is $77.32. The stock has a market cap of $136.15 billion, a P/E ratio of 19.59, a price-to-earnings-growth ratio of 2.66 and a beta of 0.58. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10.

NextEra Energy (NYSE:NEE) last released its 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 firm had revenue of $7.57 billion during the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The business’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.94 EPS. On average, sell-side analysts forecast that NextEra Energy, Inc. will post 3.41 EPS for the current year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 22nd were issued a dividend of $0.515 per share. The ex-dividend date was Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.11%. NextEra Energy’s dividend payout ratio (DPR) is presently 60.95%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Scotiabank lifted their price target on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Jefferies Financial Group assumed coverage on NextEra Energy in a research note on Thursday, September 19th. They set a “hold” rating and a $87.00 target price on the stock. Royal Bank of Canada cut shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Guggenheim upped their price objective on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Barclays upped their price target on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $87.15.

Insider Activity

In related news, EVP Nicole J. Daggs sold 4,007 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the transaction, the executive vice president now directly owns 15,792 shares in the company, valued at $1,193,401.44. The trade was 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. 0.18% of the stock is owned by company insiders.

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.