Blue Trust Inc. Purchases 10,961 Shares of NextEra Energy, Inc. (NYSE:NEE)

Blue Trust Inc. lifted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 42.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,874 shares of the utilities provider’s stock after acquiring an additional 10,961 shares during the period. Blue Trust Inc.’s holdings in NextEra Energy were worth $3,117,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Wedmont Private Capital lifted its position in shares of NextEra Energy by 5.5% during the 1st quarter. Wedmont Private Capital now owns 9,452 shares of the utilities provider’s stock worth $618,000 after buying an additional 494 shares during the last quarter. Aprio Wealth Management LLC bought a new position in shares of NextEra Energy in the first quarter worth about $210,000. RFG Advisory LLC boosted its stake in shares of NextEra Energy by 104.3% in the 1st quarter. RFG Advisory LLC now owns 54,889 shares of the utilities provider’s stock valued at $3,508,000 after purchasing an additional 28,020 shares in the last quarter. MJP Associates Inc. ADV bought a new stake in shares of NextEra Energy during the 1st quarter valued at approximately $302,000. Finally, Sanders Morris Harris LLC acquired a new position in NextEra Energy during the 1st quarter worth approximately $346,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Buying and Selling

In other news, EVP Nicole J. Daggs sold 658 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $76.97, for a total transaction of $50,646.26. Following the transaction, the executive vice president now owns 100 shares in the company, valued at approximately $7,697. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.18% of the stock is owned by insiders.

Analysts Set New Price Targets

NEE has been the topic of a number of research analyst reports. Morgan Stanley raised their target price on shares of NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. JPMorgan Chase & Co. upped their target price on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Citigroup increased their target price on NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, June 27th. Barclays boosted their price target on NextEra Energy from $76.00 to $80.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 1st. Finally, BMO Capital Markets raised their price objective on shares of NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a report on Friday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, NextEra Energy presently has a consensus rating of “Hold” and a consensus target price of $83.64.

NextEra Energy Price Performance

NEE stock opened at $84.35 on Friday. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15. The firm has a market cap of $173.30 billion, a price-to-earnings ratio of 22.98, a PEG ratio of 2.92 and a beta of 0.56. The company’s fifty day simple moving average is $81.81 and its 200 day simple moving average is $75.44. NextEra Energy, Inc. has a 12-month low of $50.95 and a 12-month high of $86.10.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The company had revenue of $6.07 billion for the quarter, compared to the consensus estimate of $7.29 billion. During the same period in the previous year, the business earned $0.88 EPS. On average, analysts expect that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently announced 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. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.44%. NextEra Energy’s payout ratio is presently 56.13%.

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.