Trustcore Financial Services LLC Raises Holdings in NextEra Energy Inc (NEE)

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Trustcore Financial Services LLC boosted its holdings in NextEra Energy Inc (NYSE:NEE) by 3,994.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 778 shares of the utilities provider’s stock after acquiring an additional 759 shares during the quarter. Trustcore Financial Services LLC’s holdings in NextEra Energy were worth $150,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of NEE. Oregon Public Employees Retirement Fund raised its position in NextEra Energy by 17,067.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 8,822,408 shares of the utilities provider’s stock worth $51,000 after acquiring an additional 8,771,018 shares in the last quarter. Norges Bank bought a new stake in NextEra Energy in the fourth quarter worth about $1,172,014,000. GQG Partners LLC bought a new stake in NextEra Energy in the fourth quarter worth about $264,629,000. BlackRock Inc. raised its position in NextEra Energy by 2.4% in the fourth quarter. BlackRock Inc. now owns 37,651,697 shares of the utilities provider’s stock worth $6,544,616,000 after acquiring an additional 886,301 shares in the last quarter. Finally, Vanguard Group Inc raised its holdings in NextEra Energy by 2.0% during the 3rd quarter. Vanguard Group Inc now owns 41,214,999 shares of the utilities provider’s stock worth $6,907,634,000 after buying an additional 815,916 shares during the period. Hedge funds and other institutional investors own 75.77% of the company’s stock.

Several analysts have issued reports on NEE shares. Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $193.00 price objective on the stock in a report on Wednesday, January 30th. Morgan Stanley boosted their price objective on NextEra Energy from $184.00 to $188.00 and gave the stock an “overweight” rating in a report on Tuesday, February 12th. Barclays upgraded NextEra Energy from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $187.00 to $207.00 in a report on Wednesday, March 20th. They noted that the move was a valuation call. Goldman Sachs Group downgraded NextEra Energy from a “conviction-buy” rating to a “buy” rating and set a $194.00 price objective on the stock. in a report on Monday, April 8th. Finally, Credit Suisse Group set a $199.00 price objective on NextEra Energy and gave the stock a “buy” rating in a report on Monday, April 22nd. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $196.83.

In other news, insider Manoochehr K. Nazar sold 36,807 shares of the company’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $189.87, for a total value of $6,988,545.09. Following the transaction, the insider now owns 149,034 shares in the company, valued at approximately $28,297,085.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James L. Robo sold 15,000 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $187.87, for a total value of $2,818,050.00. The disclosure for this sale can be found here. Insiders sold a total of 240,594 shares of company stock worth $46,236,648 in the last quarter. 0.48% of the stock is owned by corporate insiders.

Shares of NEE traded down $0.16 during trading hours on Friday, reaching $203.37. The company’s stock had a trading volume of 1,389,783 shares, compared to its average volume of 1,873,609. The company has a market capitalization of $97.40 billion, a price-to-earnings ratio of 26.41, a P/E/G ratio of 3.02 and a beta of 0.28. NextEra Energy Inc has a 1-year low of $155.06 and a 1-year high of $202.35. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.46 and a quick ratio of 0.38.

NextEra Energy (NYSE:NEE) last issued its earnings results on Tuesday, April 23rd. The utilities provider reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $2.01 by $0.19. The company had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.11 billion. NextEra Energy had a return on equity of 10.26% and a net margin of 17.13%. During the same quarter in the prior year, the company earned $1.94 EPS. Equities research analysts expect that NextEra Energy Inc will post 8.41 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be issued a $1.25 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.46%. NextEra Energy’s dividend payout ratio is 64.94%.

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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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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