First Western Trust Bank Has $2.60 Million Position in NextEra Energy, Inc. $NEE

First Western Trust Bank cut its position in NextEra Energy, Inc. (NYSE:NEE) by 4.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 37,425 shares of the utilities provider’s stock after selling 1,730 shares during the period. First Western Trust Bank’s holdings in NextEra Energy were worth $2,598,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC raised its position in shares of NextEra Energy by 7.0% during the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock worth $2,028,000 after purchasing an additional 1,840 shares during the period. Revolve Wealth Partners LLC increased its stake in NextEra Energy by 6.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock worth $348,000 after purchasing an additional 298 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in NextEra Energy by 71.0% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 5,410 shares of the utilities provider’s stock worth $384,000 after buying an additional 2,246 shares during the period. Wealthfront Advisers LLC lifted its stake in NextEra Energy by 4.8% in the first quarter. Wealthfront Advisers LLC now owns 211,992 shares of the utilities provider’s stock valued at $15,028,000 after buying an additional 9,733 shares in the last quarter. Finally, Larson Financial Group LLC lifted its stake in NextEra Energy by 11.3% in the first quarter. Larson Financial Group LLC now owns 13,895 shares of the utilities provider’s stock valued at $985,000 after buying an additional 1,416 shares in the last quarter. 78.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of NextEra Energy in a report on Tuesday. JPMorgan Chase & Co. lifted their price target on NextEra Energy from $86.00 to $87.00 and gave the company an “overweight” rating in a research note on Friday, August 22nd. Melius Research upgraded NextEra Energy to a “strong-buy” rating in a report on Wednesday, August 20th. Cowen began coverage on NextEra Energy in a report on Wednesday, October 15th. They set a “buy” rating for the company. Finally, Argus set a $90.00 target price on NextEra Energy in a research note on Wednesday, October 29th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $90.22.

NextEra Energy Price Performance

NYSE:NEE opened at $85.88 on Thursday. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $87.53. The company has a market cap of $178.84 billion, a P/E ratio of 27.35, a P/E/G ratio of 2.76 and a beta of 0.69. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.45 and a current ratio of 0.55. The stock’s 50-day simple moving average is $78.98 and its 200 day simple moving average is $74.40.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.04 by $0.09. The firm had revenue of $7.97 billion during the quarter, compared to analysts’ expectations of $8.13 billion. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The business’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.03 earnings per share. As a group, sell-side analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 21st will be paid a $0.5665 dividend. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.27 annualized dividend and a dividend yield of 2.6%. NextEra Energy’s dividend payout ratio (DPR) is currently 71.97%.

Insider Buying and Selling

In other NextEra Energy news, EVP Charles E. Sieving sold 11,336 shares of the company’s stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $80.00, for a total transaction of $906,880.00. Following the sale, the executive vice president directly owned 167,481 shares of the company’s stock, valued at approximately $13,398,480. This represents a 6.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Mark Lemasney sold 846 shares of the stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $74.90, for a total transaction of $63,365.40. Following the completion of the sale, the executive vice president owned 9,267 shares of the company’s stock, valued at approximately $694,098.30. This represents a 8.37% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 23,028 shares of company stock worth $1,738,973. Insiders own 0.18% of the company’s stock.

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.