Trust Co of the South Purchases New Stake in NextEra Energy, Inc. (NYSE:NEE)

Trust Co of the South bought a new position in shares of NextEra Energy, Inc. (NYSE:NEE) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 6,991 shares of the utilities provider’s stock, valued at approximately $425,000.

Other institutional investors have also recently bought and sold shares of the company. Coppell Advisory Solutions LLC acquired a new position in NextEra Energy during the second quarter worth about $32,000. Country Trust Bank raised its stake in NextEra Energy by 975.6% during the third quarter. Country Trust Bank now owns 441 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 400 shares in the last quarter. West Tower Group LLC acquired a new position in NextEra Energy during the second quarter worth about $36,000. GeoWealth Management LLC raised its stake in NextEra Energy by 124.1% during the first quarter. GeoWealth Management LLC now owns 549 shares of the utilities provider’s stock worth $42,000 after acquiring an additional 304 shares in the last quarter. Finally, Alaska Permanent Fund Corp raised its stake in NextEra Energy by 59.8% during the third quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 208 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

NEE has been the topic of several research reports. Royal Bank of Canada restated an “outperform” rating and set a $74.00 price target on shares of NextEra Energy in a report on Tuesday, January 30th. BMO Capital Markets boosted their price target on NextEra Energy from $76.00 to $77.00 and gave the stock an “outperform” rating in a report on Monday, March 18th. StockNews.com cut NextEra Energy from a “hold” rating to a “sell” rating in a report on Monday, February 19th. Citigroup initiated coverage on NextEra Energy in a report on Friday, December 8th. They set a “buy” rating and a $69.00 price target on the stock. Finally, Wells Fargo & Company boosted their price target on NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, March 19th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, NextEra Energy presently has a consensus rating of “Moderate Buy” and an average price target of $72.46.

NextEra Energy Stock Down 1.9 %

NYSE NEE traded down $1.18 on Tuesday, hitting $61.43. 13,828,816 shares of the company were exchanged, compared to its average volume of 12,038,108. The company has a current ratio of 0.55, a quick ratio of 0.47 and a debt-to-equity ratio of 1.06. The company has a market cap of $126.08 billion, a PE ratio of 17.02, a PEG ratio of 2.19 and a beta of 0.50. The stock has a fifty day moving average of $57.70 and a 200-day moving average of $58.62. NextEra Energy, Inc. has a 12 month low of $47.15 and a 12 month high of $79.78.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Thursday, January 25th. The utilities provider reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.03. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. The firm had revenue of $6.88 billion during the quarter, compared to the consensus estimate of $5.72 billion. During the same period in the previous year, the firm posted $0.51 earnings per share. As a group, analysts forecast that NextEra Energy, Inc. will post 3.44 earnings per share for the current year.

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were paid a $0.515 dividend. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend was Monday, February 26th. NextEra Energy’s payout ratio is 57.06%.

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.