CENTRAL TRUST Co Has $7.57 Million Stake in NextEra Energy Inc (NYSE:NEE)

CENTRAL TRUST Co lowered its position in NextEra Energy Inc (NYSE:NEE) by 2.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,482 shares of the utilities provider’s stock after selling 1,388 shares during the quarter. CENTRAL TRUST Co’s holdings in NextEra Energy were worth $7,572,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the stock. BlackRock Inc. raised its position in NextEra Energy by 0.6% in the second quarter. BlackRock Inc. now owns 38,051,440 shares of the utilities provider’s stock valued at $5,332,149,000 after purchasing an additional 217,972 shares during the period. Vanguard Group Inc. raised its position in NextEra Energy by 4.6% in the second quarter. Vanguard Group Inc. now owns 34,147,719 shares of the utilities provider’s stock valued at $4,785,120,000 after purchasing an additional 1,503,907 shares during the period. FMR LLC raised its position in NextEra Energy by 1.1% in the second quarter. FMR LLC now owns 7,767,929 shares of the utilities provider’s stock valued at $1,088,520,000 after purchasing an additional 87,224 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its position in NextEra Energy by 26.4% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,724,367 shares of the utilities provider’s stock valued at $548,102,000 after purchasing an additional 777,351 shares during the period. Finally, Legal & General Group Plc raised its position in NextEra Energy by 2.8% in the third quarter. Legal & General Group Plc now owns 2,772,914 shares of the utilities provider’s stock valued at $406,375,000 after purchasing an additional 76,379 shares during the period. Hedge funds and other institutional investors own 75.24% of the company’s stock.

Shares of NextEra Energy Inc (NEE) opened at $150.08 on Thursday. The company has a quick ratio of 0.52, a current ratio of 0.64 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $70,600.00, a PE ratio of 13.21, a P/E/G ratio of 2.46 and a beta of 0.28. NextEra Energy Inc has a fifty-two week low of $124.52 and a fifty-two week high of $159.64.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Friday, January 26th. The utilities provider reported $1.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by ($0.06). NextEra Energy had a net margin of 31.28% and a return on equity of 11.50%. The firm had revenue of $4.01 billion during the quarter, compared to the consensus estimate of $4.18 billion. During the same period in the prior year, the firm earned $1.21 earnings per share. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. equities analysts anticipate that NextEra Energy Inc will post 7.72 EPS for the current year.

In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 42,372 shares of NextEra Energy stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $157.45, for a total value of $6,671,471.40. Following the completion of the transaction, the chief executive officer now directly owns 121,958 shares in the company, valued at $19,202,287.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Armando Pimentel, Jr. sold 9,250 shares of NextEra Energy stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $151.83, for a total value of $1,404,427.50. The disclosure for this sale can be found here. Insiders own 0.53% of the company’s stock.

Several research firms have commented on NEE. Morgan Stanley cut their price objective on NextEra Energy from $172.00 to $165.00 and set an “overweight” rating on the stock in a research report on Tuesday. UBS Group started coverage on NextEra Energy in a research report on Friday, February 2nd. They set a “buy” rating and a $177.00 target price on the stock. Guggenheim reaffirmed a “buy” rating and set a $182.00 target price on shares of NextEra Energy in a research report on Friday, January 26th. Zacks Investment Research raised NextEra Energy from a “sell” rating to a “hold” rating in a research report on Thursday, January 18th. Finally, Credit Suisse Group started coverage on NextEra Energy in a research report on Thursday, December 7th. They set an “outperform” rating and a $173.00 target price on the stock. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $161.38.

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NextEra Energy Company Profile

NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.

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

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