Smithfield Trust Co Decreases Position in NextEra Energy, Inc. (NYSE:NEE)

Smithfield Trust Co reduced its stake in NextEra Energy, Inc. (NYSE:NEE) by 0.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,800 shares of the utilities provider’s stock after selling 262 shares during the period. Smithfield Trust Co’s holdings in NextEra Energy were worth $2,858,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Fiduciary Family Office LLC boosted its holdings in shares of NextEra Energy by 1.0% in the 3rd quarter. Fiduciary Family Office LLC now owns 13,496 shares of the utilities provider’s stock valued at $1,141,000 after buying an additional 139 shares in the last quarter. Second Line Capital LLC lifted its position in NextEra Energy by 4.7% in the third quarter. Second Line Capital LLC now owns 3,097 shares of the utilities provider’s stock valued at $262,000 after acquiring an additional 139 shares during the last quarter. Drive Wealth Management LLC boosted its stake in NextEra Energy by 2.8% in the third quarter. Drive Wealth Management LLC now owns 5,332 shares of the utilities provider’s stock valued at $451,000 after acquiring an additional 145 shares in the last quarter. Accel Wealth Management grew its holdings in shares of NextEra Energy by 1.7% during the fourth quarter. Accel Wealth Management now owns 8,615 shares of the utilities provider’s stock worth $618,000 after purchasing an additional 145 shares during the last quarter. Finally, L.M. Kohn & Company increased its position in shares of NextEra Energy by 1.0% during the fourth quarter. L.M. Kohn & Company now owns 15,353 shares of the utilities provider’s stock worth $1,101,000 after purchasing an additional 145 shares in the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Stock Down 1.1 %

NextEra Energy stock opened at $70.85 on Wednesday. NextEra Energy, Inc. has a fifty-two week low of $54.95 and a fifty-two week high of $86.10. The firm has a market capitalization of $145.74 billion, a price-to-earnings ratio of 21.02, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. The stock’s fifty day moving average is $70.38 and its two-hundred day moving average is $76.20. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, meeting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.20%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Friday, February 28th. NextEra Energy’s dividend payout ratio (DPR) is 67.06%.

Insider Buying and Selling

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total transaction of $162,258.47. Following the sale, the chief accounting officer now owns 27,427 shares in the company, valued at approximately $1,867,504.43. This represents a 7.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NEE. Morgan Stanley upped their target price on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Scotiabank increased their price objective on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Jefferies Financial Group cut their target price on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. JPMorgan Chase & Co. decreased their price target on shares of NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Finally, Evercore ISI lowered their price objective on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research report on Monday, January 27th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, NextEra Energy presently has a consensus rating of “Hold” and a consensus target price of $85.85.

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,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.