Ledyard National Bank Acquires 1,941 Shares of NextEra Energy, Inc. (NYSE:NEE)

Ledyard National Bank boosted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 4.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,289 shares of the utilities provider’s stock after purchasing an additional 1,941 shares during the period. Ledyard National Bank’s holdings in NextEra Energy were worth $2,994,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Greenfield Savings Bank grew its position in NextEra Energy by 0.5% during the 4th quarter. Greenfield Savings Bank now owns 32,220 shares of the utilities provider’s stock worth $1,957,000 after acquiring an additional 163 shares during the last quarter. Bay Harbor Wealth Management LLC increased its stake in shares of NextEra Energy by 22.7% in the fourth quarter. Bay Harbor Wealth Management LLC now owns 930 shares of the utilities provider’s stock worth $56,000 after buying an additional 172 shares during the period. MKT Advisors LLC increased its stake in shares of NextEra Energy by 2.9% in the fourth quarter. MKT Advisors LLC now owns 6,233 shares of the utilities provider’s stock worth $387,000 after buying an additional 173 shares during the period. Meritage Portfolio Management boosted its position in NextEra Energy by 3.9% during the 3rd quarter. Meritage Portfolio Management now owns 4,701 shares of the utilities provider’s stock valued at $269,000 after buying an additional 177 shares during the period. Finally, First Pacific Financial boosted its position in NextEra Energy by 2.0% during the 4th quarter. First Pacific Financial now owns 8,885 shares of the utilities provider’s stock valued at $540,000 after buying an additional 177 shares during the period. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Stock Up 2.2 %

Shares of NYSE NEE traded up $1.43 during trading on Monday, reaching $67.42. The company had a trading volume of 9,713,221 shares, compared to its average volume of 11,887,858. NextEra Energy, Inc. has a 12-month low of $47.15 and a 12-month high of $78.53. The company has a quick ratio of 0.43, a current ratio of 0.51 and a debt-to-equity ratio of 1.12. The business’s 50-day moving average is $61.05 and its 200 day moving average is $59.25. The stock has a market cap of $138.52 billion, a PE ratio of 18.37, a P/E/G ratio of 2.43 and a beta of 0.51.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, beating the consensus estimate of $0.80 by $0.11. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The company had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $6.28 billion. During the same period in the prior year, the firm posted $0.84 EPS. NextEra Energy’s revenue for the quarter was down 14.7% on a year-over-year basis. As a group, equities analysts forecast that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were paid a $0.515 dividend. The ex-dividend date was Monday, February 26th. This represents a $2.06 annualized dividend and a dividend yield of 3.06%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s payout ratio is currently 56.13%.

Analyst Ratings Changes

A number of research firms have issued reports on NEE. Wells Fargo & Company boosted their price objective on shares of NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, March 19th. Scotiabank upped their target price on NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a report on Monday, April 22nd. StockNews.com raised shares of NextEra Energy from a “sell” rating to a “hold” rating in a research report on Monday, April 22nd. BMO Capital Markets raised their target price on shares of NextEra Energy from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $74.00 price target on shares of NextEra Energy in a research report on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $71.50.

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.