Missouri Trust & Investment Co Buys 5,965 Shares of NextEra Energy, Inc. $NEE

Missouri Trust & Investment Co grew its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 24.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,485 shares of the utilities provider’s stock after acquiring an additional 5,965 shares during the period. NextEra Energy comprises approximately 0.7% of Missouri Trust & Investment Co’s investment portfolio, making the stock its 27th biggest holding. Missouri Trust & Investment Co’s holdings in NextEra Energy were worth $2,301,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Activest Wealth Management increased its holdings in NextEra Energy by 79.7% during the 2nd quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 157 shares during the period. Harbor Asset Planning Inc. bought a new position in shares of NextEra Energy during the 2nd quarter worth $25,000. Goodman Advisory Group LLC bought a new position in shares of NextEra Energy during the 2nd quarter worth $25,000. Tripletail Wealth Management LLC purchased a new position in shares of NextEra Energy during the third quarter valued at $25,000. Finally, Quaker Wealth Management LLC raised its holdings in shares of NextEra Energy by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 772 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NEE. HSBC upped their price objective on shares of NextEra Energy from $94.00 to $95.00 in a research note on Monday, November 10th. TD Cowen started coverage on shares of NextEra Energy in a research report on Thursday, October 16th. They issued a “buy” rating and a $98.00 price target for the company. Barclays increased their price objective on shares of NextEra Energy from $84.00 to $85.00 and gave the company an “equal weight” rating in a research note on Thursday, January 15th. Mizuho set a $90.00 price objective on shares of NextEra Energy and gave the company a “neutral” rating in a report on Wednesday, January 28th. Finally, Argus set a $92.00 price objective on shares of NextEra Energy and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $92.95.

NextEra Energy Stock Up 0.7%

Shares of NextEra Energy stock opened at $91.96 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.60 and a debt-to-equity ratio of 1.35. The company has a market cap of $191.51 billion, a P/E ratio of 27.95, a PEG ratio of 2.82 and a beta of 0.76. The firm’s 50 day moving average price is $83.40 and its 200-day moving average price is $79.97. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $93.59.

NextEra Energy (NYSE:NEE) last posted its earnings results on Tuesday, January 27th. The utilities provider reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. The company had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $7.07 billion. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. NextEra Energy’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.53 earnings per share. On average, sell-side analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Ronald R. Reagan sold 18,620 shares of the company’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total transaction of $1,675,800.00. Following the transaction, the executive vice president directly owned 9,643 shares of the company’s stock, valued at $867,870. This represents a 65.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO John W. Ketchum sold 99,603 shares of the firm’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $89.34, for a total value of $8,898,532.02. Following the completion of the sale, the chief executive officer directly owned 305,933 shares of the company’s stock, valued at approximately $27,332,054.22. This represents a 24.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 304,189 shares of company stock worth $26,373,239. 0.20% of the stock is currently owned by company insiders.

NextEra Energy Profile

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.