Plimoth Trust Co. LLC Acquires 912 Shares of NextEra Energy, Inc. $NEE

Plimoth Trust Co. LLC raised its holdings in NextEra Energy, Inc. (NYSE:NEE) by 1.6% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 57,220 shares of the utilities provider’s stock after acquiring an additional 912 shares during the quarter. Plimoth Trust Co. LLC’s holdings in NextEra Energy were worth $3,972,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of NEE. Arkfeld Wealth Strategies L.L.C. lifted its holdings in NextEra Energy by 0.9% during the 2nd quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,249 shares of the utilities provider’s stock worth $1,140,000 after buying an additional 136 shares during the period. Pine Haven Investment Counsel Inc lifted its stake in shares of NextEra Energy by 2.3% in the second quarter. Pine Haven Investment Counsel Inc now owns 6,350 shares of the utilities provider’s stock worth $441,000 after acquiring an additional 140 shares during the period. Tradition Wealth Management LLC boosted its holdings in NextEra Energy by 2.2% in the first quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider’s stock valued at $470,000 after acquiring an additional 143 shares during the last quarter. Eagle Wealth Strategies LLC increased its position in shares of NextEra Energy by 1.4% during the second quarter. Eagle Wealth Strategies LLC now owns 11,154 shares of the utilities provider’s stock worth $774,000 after buying an additional 149 shares during the period. Finally, XML Financial LLC grew its holdings in NextEra Energy by 1.0% during the 2nd quarter. XML Financial LLC now owns 16,447 shares of the utilities provider’s stock worth $1,142,000 after acquiring an additional 158 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Mizuho set a $78.00 price target on NextEra Energy in a report on Thursday, August 21st. HSBC decreased their price target on shares of NextEra Energy from $88.00 to $86.00 and set a “buy” rating for the company in a research note on Friday, July 11th. Melius began coverage on NextEra Energy in a research note on Wednesday, August 20th. They issued a “buy” rating and a $77.00 target price for the company. Melius Research raised NextEra Energy to a “strong-buy” rating in a research report on Wednesday, August 20th. Finally, Morgan Stanley restated an “overweight” rating and set a $95.00 price objective (down previously from $96.00) on shares of NextEra Energy in a report on Thursday, September 25th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $84.08.

NextEra Energy Price Performance

NEE stock opened at $80.12 on Monday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54. The business has a 50-day simple moving average of $72.99 and a two-hundred day simple moving average of $71.28. The company has a market capitalization of $164.98 billion, a P/E ratio of 28.01, a price-to-earnings-growth ratio of 2.76 and a beta of 0.66. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.00.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping the consensus estimate of $1.01 by $0.04. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The firm had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. During the same period in the prior year, the business posted $0.96 earnings per share. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. Research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were issued a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Thursday, August 28th. NextEra Energy’s payout ratio is currently 79.02%.

Insider Activity

In other news, Treasurer James Michael May sold 2,177 shares of the stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total value of $168,717.50. Following the completion of the sale, the treasurer owned 27,662 shares in the company, valued at $2,143,805. This represents a 7.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Mark Lemasney sold 846 shares of the firm’s stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $74.90, for a total transaction of $63,365.40. Following the transaction, the executive vice president directly owned 9,267 shares in the company, valued at $694,098.30. The trade was a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 21,369 shares of company stock worth $1,539,610. 0.20% of the stock is owned by insiders.

NextEra Energy Company 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.