First American Trust FSB Raises Stock Position in NextEra Energy, Inc. (NYSE:NEE)

First American Trust FSB increased its stake in NextEra Energy, Inc. (NYSE:NEE) by 1.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 121,544 shares of the utilities provider’s stock after purchasing an additional 1,940 shares during the quarter. First American Trust FSB’s holdings in NextEra Energy were worth $7,383,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. purchased a new stake in NextEra Energy in the fourth quarter worth approximately $29,000. Alaska Permanent Fund Corp boosted its stake in shares of NextEra Energy by 59.8% during the 3rd quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 208 shares during the last quarter. Coppell Advisory Solutions LLC purchased a new position in shares of NextEra Energy during the 2nd quarter worth $32,000. Valued Wealth Advisors LLC purchased a new position in shares of NextEra Energy during the 4th quarter worth $34,000. Finally, HBC Financial Services PLLC purchased a new position in shares of NextEra Energy during the 4th quarter worth $36,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

NYSE NEE traded down $0.33 on Monday, reaching $62.75. The company had a trading volume of 11,107,317 shares, compared to its average volume of 11,825,647. The company has a quick ratio of 0.47, a current ratio of 0.55 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $128.79 billion, a PE ratio of 17.48, a price-to-earnings-growth ratio of 2.27 and a beta of 0.51. The firm’s 50 day moving average price is $59.19 and its 200 day moving average price is $58.28. NextEra Energy, Inc. has a 12 month low of $47.15 and a 12 month high of $79.78.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Thursday, January 25th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. The company had revenue of $6.88 billion for the quarter, compared to the consensus estimate of $5.72 billion. During the same period in the previous year, the firm posted $0.51 EPS. As a group, equities analysts predict that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were issued a $0.515 dividend. The ex-dividend date was Monday, February 26th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.28%. NextEra Energy’s payout ratio is 57.06%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NEE. Royal Bank of Canada reiterated an “outperform” rating and set a $74.00 price target on shares of NextEra Energy in a research note on Tuesday, January 30th. StockNews.com cut shares of NextEra Energy from a “hold” rating to a “sell” rating in a research note on Monday, February 19th. Barclays began coverage on shares of NextEra Energy in a research note on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 price target on the stock. BMO Capital Markets lifted their price target on shares of NextEra Energy from $76.00 to $77.00 and gave the stock an “outperform” rating in a research note on Monday, March 18th. Finally, Guggenheim raised their price objective on shares of NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $72.00.

NextEra Energy 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.