Trust Co. of Toledo NA OH cut its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.7% during the first quarter, HoldingsChannel.com reports. The firm owned 85,050 shares of the utilities provider’s stock after selling 4,224 shares during the quarter. NextEra Energy makes up 1.2% of Trust Co. of Toledo NA OH’s portfolio, making the stock its 20th biggest position. Trust Co. of Toledo NA OH’s holdings in NextEra Energy were worth $6,430,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Catalyst Private Wealth LLC acquired a new position in NextEra Energy during the 3rd quarter valued at about $75,000. Arlington Partners LLC lifted its position in NextEra Energy by 97.0% during the 4th quarter. Arlington Partners LLC now owns 329 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 162 shares during the period. Avion Wealth lifted its position in NextEra Energy by 300.0% during the 4th quarter. Avion Wealth now owns 336 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 252 shares during the period. Hoover Financial Advisors Inc. acquired a new stake in shares of NextEra Energy in the 4th quarter valued at approximately $29,000. Finally, Safeguard Investment Advisory Group LLC acquired a new stake in shares of NextEra Energy in the 4th quarter valued at approximately $29,000. Institutional investors own 19.20% of the company’s stock.
In other news, CEO James L. Robo sold 118,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 2nd. The shares were sold at an average price of $76.02, for a total transaction of $8,970,360.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Eric E. Silagy sold 4,764 shares of the firm’s stock in a transaction on Thursday, April 1st. The shares were sold at an average price of $76.13, for a total transaction of $362,683.32. Following the completion of the transaction, the chief executive officer now directly owns 176,548 shares of the company’s stock, valued at $13,440,599.24. The disclosure for this sale can be found here. Insiders have sold a total of 165,531 shares of company stock valued at $12,575,235 over the last ninety days. Company insiders own 0.40% of the company’s stock.
Shares of NEE traded up $0.48 during mid-day trading on Thursday, hitting $77.89. 134,878 shares of the company’s stock were exchanged, compared to its average volume of 9,325,720. The company has a market cap of $152.78 billion, a PE ratio of 39.00, a P/E/G ratio of 4.07 and a beta of 0.16. NextEra Energy, Inc. has a 52 week low of $55.65 and a 52 week high of $87.69. The company has a 50-day simple moving average of $74.55 and a 200 day simple moving average of $77.20. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.57 and a quick ratio of 0.48.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Monday, January 25th. The utilities provider reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.02. The company had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $5.71 billion. NextEra Energy had a net margin of 21.44% and a return on equity of 10.79%. The business’s quarterly revenue was down 4.2% on a year-over-year basis. During the same period last year, the business earned $0.36 EPS. On average, analysts anticipate that NextEra Energy, Inc. will post 2.3 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, March 15th. Stockholders of record on Friday, February 26th were paid a dividend of $0.385 per share. The ex-dividend date of this dividend was Thursday, February 25th. This represents a $1.54 annualized dividend and a dividend yield of 1.98%. NextEra Energy’s dividend payout ratio is currently 73.68%.
A number of analysts recently weighed in on the stock. Morgan Stanley cut their price target on shares of NextEra Energy from $77.00 to $66.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 16th. Mizuho increased their price target on shares of NextEra Energy from $64.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, January 11th. Wells Fargo & Company increased their price target on shares of NextEra Energy from $85.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, January 27th. Credit Suisse Group upgraded shares of NextEra Energy from a “neutral” rating to an “outperform” rating and cut their price target for the company from $87.00 to $85.00 in a research report on Monday, March 15th. Finally, Bank of America reiterated a “buy” rating and issued a $81.00 price target on shares of NextEra Energy in a research report on Friday, January 15th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $78.18.
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, and fossil fuel, such as coal and natural gas facilities. It also develops, constructs, and operates long-term contracted assets with a focus on renewable generation facilities, electric transmission facilities, and battery storage projects; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.
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