Moody National Bank Trust Division Raises Stake in NextEra Energy, Inc. (NYSE:NEE)

Moody National Bank Trust Division increased its position in NextEra Energy, Inc. (NYSE:NEEFree Report) by 6.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,259 shares of the utilities provider’s stock after buying an additional 1,711 shares during the period. Moody National Bank Trust Division’s holdings in NextEra Energy were worth $1,934,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of NEE. QRG Capital Management Inc. purchased a new stake in shares of NextEra Energy in the third quarter valued at $7,171,000. Mirabella Financial Services LLP acquired a new stake in NextEra Energy in the 3rd quarter worth about $689,000. Robertson Stephens Wealth Management LLC grew its holdings in NextEra Energy by 7.3% in the 3rd quarter. Robertson Stephens Wealth Management LLC now owns 17,714 shares of the utilities provider’s stock valued at $1,015,000 after buying an additional 1,211 shares during the period. Pearl River Capital LLC acquired a new position in shares of NextEra Energy during the 3rd quarter valued at about $1,512,000. Finally, Sugarloaf Wealth Management LLC lifted its holdings in shares of NextEra Energy by 17.8% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 2,706 shares of the utilities provider’s stock worth $155,000 after acquiring an additional 408 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on NEE shares. BMO Capital Markets boosted their target price on shares of NextEra Energy from $78.00 to $79.00 and gave the company an “outperform” rating in a report on Wednesday, June 12th. Wells Fargo & Company reissued an “overweight” rating and set a $95.00 price objective on shares of NextEra Energy in a research note on Wednesday, June 12th. Morgan Stanley increased their target price on NextEra Energy from $79.00 to $83.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 28th. Bank of America lifted their target price on NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday, April 23rd. Finally, Barclays dropped their price target on NextEra Energy from $74.00 to $73.00 and set an “equal weight” rating for the company in a research note on Thursday, June 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company’s stock. According to data from, NextEra Energy presently has an average rating of “Moderate Buy” and an average target price of $74.86.

Read Our Latest Analysis on NextEra Energy

NextEra Energy Stock Down 2.6 %

NYSE:NEE traded down $1.87 during trading hours on Wednesday, hitting $70.44. The stock had a trading volume of 29,169,776 shares, compared to its average volume of 10,573,703. The company has a market cap of $144.72 billion, a PE ratio of 19.19, a price-to-earnings-growth ratio of 2.47 and a beta of 0.56. The business has a 50 day simple moving average of $71.79 and a two-hundred day simple moving average of $63.80. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $80.47. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.12.

NextEra Energy (NYSE:NEEGet Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The business had revenue of $5.73 billion during the quarter, compared to analyst estimates of $6.28 billion. During the same period last year, the business earned $0.84 EPS. The business’s revenue was down 14.7% on a year-over-year basis. Analysts predict that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date was Monday, June 3rd. NextEra Energy’s payout ratio is currently 56.13%.

NextEra Energy Profile

(Free Report)

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.

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

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