Members Trust Co Buys 1,113 Shares of NextEra Energy, Inc. $NEE

Members Trust Co boosted its stake in NextEra Energy, Inc. (NYSE:NEE) by 19.1% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 6,942 shares of the utilities provider’s stock after purchasing an additional 1,113 shares during the quarter. Members Trust Co’s holdings in NextEra Energy were worth $482,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in NEE. Activest Wealth Management boosted its holdings in NextEra Energy by 79.7% in the second quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 157 shares in the last quarter. Harbor Asset Planning Inc. bought a new stake in shares of NextEra Energy during the 2nd quarter valued at $25,000. 1 North Wealth Services LLC bought a new stake in shares of NextEra Energy during the 1st quarter valued at $26,000. Nova Wealth Management Inc. bought a new stake in shares of NextEra Energy during the 1st quarter valued at $32,000. Finally, IMA Advisory Services Inc. bought a new stake in shares of NextEra Energy during the 1st quarter valued at $35,000. Institutional investors own 78.72% of the company’s stock.

Insider Activity at NextEra Energy

In other news, EVP Michael Dunne sold 10,000 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $70.79, for a total value of $707,900.00. Following the transaction, the executive vice president owned 62,064 shares in the company, valued at $4,393,510.56. This represents a 13.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Mark Lemasney sold 846 shares of the stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $74.90, for a total transaction of $63,365.40. Following the completion of the transaction, the executive vice president owned 9,267 shares in the company, valued at $694,098.30. This trade represents a 8.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 30,528 shares of company stock worth $2,277,773 over the last quarter. 0.18% of the stock is currently owned by insiders.

NextEra Energy Price Performance

NEE opened at $83.97 on Wednesday. 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 stock has a market capitalization of $172.92 billion, a P/E ratio of 29.36, a P/E/G ratio of 2.87 and a beta of 0.66. The company’s 50-day simple moving average is $76.03 and its two-hundred day simple moving average is $72.44. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.74.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.04. The business had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.52 billion. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.96 EPS. As a group, analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were paid a dividend of $0.5665 per share. The ex-dividend date was Thursday, August 28th. This represents a $2.27 annualized dividend and a yield of 2.7%. NextEra Energy’s dividend payout ratio is currently 79.37%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on NEE shares. Jefferies Financial Group reiterated a “hold” rating and issued a $85.00 price target (up previously from $77.00) on shares of NextEra Energy in a research note on Tuesday, October 14th. BMO Capital Markets upped their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. Evercore ISI set a $92.00 price target on shares of NextEra Energy and gave the stock an “outperform” rating in a research note on Monday, October 6th. HSBC dropped their price target on shares of NextEra Energy from $88.00 to $86.00 and set a “buy” rating on the stock in a research note on Friday, July 11th. Finally, BTIG Research set a $98.00 price target on shares of NextEra Energy and gave the stock a “buy” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $88.38.

About NextEra Energy

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.