First National Bank of Mount Dora Trust Investment Services Acquires 13,782 Shares of NextEra Energy, Inc. (NYSE:NEE)

First National Bank of Mount Dora Trust Investment Services increased its stake in NextEra Energy, Inc. (NYSE:NEE) by 85.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 29,987 shares of the utilities provider’s stock after purchasing an additional 13,782 shares during the period. First National Bank of Mount Dora Trust Investment Services’ holdings in NextEra Energy were worth $2,535,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of NEE. Proffitt & Goodson Inc. lifted its stake in shares of NextEra Energy by 64.0% during 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 during the last quarter. Semmax Financial Advisors Inc. boosted its holdings in shares of NextEra Energy by 197.4% during the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 225 shares during the period. Reston Wealth Management LLC bought a new position in shares of NextEra Energy during the third quarter worth approximately $27,000. Valley Wealth Managers Inc. acquired a new stake in NextEra Energy during the 2nd quarter worth approximately $33,000. Finally, Maryland Capital Advisors Inc. bought a new stake in NextEra Energy in the 3rd quarter valued at $39,000. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Price Performance

Shares of NYSE:NEE traded up $0.35 during trading on Monday, hitting $77.70. 3,489,774 shares of the company were exchanged, compared to its average volume of 10,761,299. NextEra Energy, Inc. has a 1-year low of $53.81 and a 1-year high of $86.10. The company has a market capitalization of $159.78 billion, a P/E ratio of 22.88, a price-to-earnings-growth ratio of 2.86 and a beta of 0.57. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. The business’s 50 day moving average is $82.39 and its 200-day moving average is $76.87.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS 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 firm had revenue of $7.57 billion for the quarter, compared to analyst estimates of $8.11 billion. During the same period last year, the firm posted $0.94 earnings per share. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. Equities analysts forecast that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be paid a $0.515 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 annualized dividend and a dividend yield of 2.65%. NextEra Energy’s dividend payout ratio is 60.95%.

Analysts Set New Price Targets

Several research analysts have weighed in on NEE shares. Dbs Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Wells Fargo & Company lifted their price objective on shares of NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 3rd. Morgan Stanley raised their target price on shares of NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. Guggenheim lifted their price target on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, BMO Capital Markets increased their price target on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, NextEra Energy presently has a consensus rating of “Hold” and a consensus price target of $86.54.

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.