Moody National Bank Trust Division Has $1.69 Million Stock Position in NextEra Energy, Inc. $NEE

Moody National Bank Trust Division decreased its position in shares of NextEra Energy, Inc. (NYSE:NEEFree Report) by 34.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,018 shares of the utilities provider’s stock after selling 11,037 shares during the quarter. Moody National Bank Trust Division’s holdings in NextEra Energy were worth $1,687,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NEE. Brighton Jones LLC raised its stake in NextEra Energy by 7.0% during the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock worth $2,028,000 after buying an additional 1,840 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in NextEra Energy by 6.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock worth $348,000 after acquiring an additional 298 shares during the period. Acadian Asset Management LLC raised its position in shares of NextEra Energy by 38.4% in the 1st quarter. Acadian Asset Management LLC now owns 12,542 shares of the utilities provider’s stock worth $887,000 after acquiring an additional 3,479 shares in the last quarter. Sivia Capital Partners LLC boosted its position in shares of NextEra Energy by 18.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 5,563 shares of the utilities provider’s stock valued at $386,000 after purchasing an additional 852 shares in the last quarter. Finally, United Bank grew its stake in NextEra Energy by 2.9% during the second quarter. United Bank now owns 15,596 shares of the utilities provider’s stock worth $1,083,000 after purchasing an additional 444 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on NEE shares. Wall Street Zen raised NextEra Energy from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Weiss Ratings lowered shares of NextEra Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 17th. Jefferies Financial Group set a $87.00 target price on shares of NextEra Energy in a research note on Wednesday, January 14th. BTIG Research restated a “buy” rating and issued a $103.00 price target on shares of NextEra Energy in a report on Wednesday, January 28th. Finally, Seaport Research Partners dropped their price objective on shares of NextEra Energy from $56.00 to $55.00 and set a “sell” rating on the stock in a report on Monday, February 2nd. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, NextEra Energy currently has an average rating of “Moderate Buy” and a consensus target price of $94.44.

Get Our Latest Stock Analysis on NEE

NextEra Energy News Summary

Here are the key news stories impacting NextEra Energy this week:

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Terrell Kirk Crews II sold 19,672 shares of the company’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $90.27, for a total value of $1,775,791.44. Following the completion of the transaction, the executive vice president owned 73,857 shares in the company, valued at $6,667,071.39. This represents a 21.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John W. Ketchum sold 99,603 shares of the stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $89.34, for a total transaction of $8,898,532.02. Following the transaction, the chief executive officer owned 305,933 shares of the company’s stock, valued at $27,332,054.22. This represents a 24.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 190,816 shares of company stock valued at $17,075,619 in the last ninety days. Insiders own 0.18% of the company’s stock.

NextEra Energy Stock Up 1.5%

Shares of NYSE NEE opened at $91.61 on Wednesday. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.60 and a quick ratio of 0.49. The company has a 50-day moving average price of $89.97 and a 200-day moving average price of $83.92. The stock has a market capitalization of $190.86 billion, a P/E ratio of 27.84 and a beta of 0.76. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $95.91.

NextEra Energy (NYSE:NEEGet Free Report) last announced its quarterly earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.01. The business had revenue of $6.50 billion for 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%. The firm’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.53 EPS. On average, equities research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Friday, February 27th were issued a $0.6232 dividend. This is a boost from NextEra Energy’s previous quarterly dividend of $0.57. This represents a $2.49 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, February 27th. NextEra Energy’s dividend payout ratio is currently 75.68%.

NextEra Energy Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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