Crews Bank & Trust Sells 6,940 Shares of NextEra Energy, Inc. $NEE

Crews Bank & Trust trimmed its stake in NextEra Energy, Inc. (NYSE:NEE) by 30.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 15,503 shares of the utilities provider’s stock after selling 6,940 shares during the quarter. Crews Bank & Trust’s holdings in NextEra Energy were worth $1,245,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of NEE. Assenagon Asset Management S.A. grew its position in NextEra Energy by 1,765.3% in the third quarter. Assenagon Asset Management S.A. now owns 3,968,305 shares of the utilities provider’s stock valued at $299,567,000 after acquiring an additional 3,755,563 shares during the period. Danica Pension Livsforsikringsaktieselskab acquired a new position in NextEra Energy in the third quarter worth $177,198,000. Amundi boosted its stake in NextEra Energy by 16.7% in the third quarter. Amundi now owns 12,461,783 shares of the utilities provider’s stock worth $1,012,129,000 after purchasing an additional 1,780,881 shares in the last quarter. Adage Capital Partners GP L.L.C. boosted its stake in NextEra Energy by 181.9% in the second quarter. Adage Capital Partners GP L.L.C. now owns 2,185,513 shares of the utilities provider’s stock worth $151,718,000 after purchasing an additional 1,410,200 shares in the last quarter. Finally, Danske Bank A S acquired a new position in NextEra Energy in the third quarter worth $88,262,000. 78.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on NEE shares. Morgan Stanley reissued an “overweight” rating and issued a $106.00 price objective on shares of NextEra Energy in a research note on Friday, February 20th. BTIG Research reissued a “buy” rating and issued a $103.00 price objective on shares of NextEra Energy in a research note on Wednesday, January 28th. Wells Fargo & Company boosted their price objective on NextEra Energy from $97.00 to $98.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. JPMorgan Chase & Co. boosted their price objective on NextEra Energy from $94.00 to $97.00 and gave the stock an “overweight” rating in a research note on Thursday, December 11th. Finally, The Goldman Sachs Group boosted their price objective on NextEra Energy from $94.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $94.72.

NextEra Energy Trading Down 0.5%

NEE stock opened at $92.66 on Tuesday. The company has a market cap of $193.07 billion, a P/E ratio of 28.17 and a beta of 0.74. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $95.91. The company has a quick ratio of 0.49, a current ratio of 0.60 and a debt-to-equity ratio of 1.35. The business has a fifty day moving average of $91.50 and a 200-day moving average of $85.29.

NextEra Energy (NYSE:NEE) last released its earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. The company had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $7.07 billion. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.The firm’s quarterly revenue was up 20.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.53 earnings per share. As a group, equities research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Friday, February 27th were given a dividend of $0.6232 per share. The ex-dividend date was Friday, February 27th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.57. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.7%. NextEra Energy’s dividend payout ratio is presently 75.68%.

Insider Activity at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,934 shares of the business’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $93.00, for a total transaction of $458,862.00. Following the completion of the sale, the executive vice president owned 16,905 shares in the company, valued at $1,572,165. The trade was a 22.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Terrell Kirk Crews II sold 19,672 shares of the business’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $90.27, for a total value of $1,775,791.44. Following the sale, the executive vice president owned 73,857 shares of the company’s stock, valued at approximately $6,667,071.39. The trade was a 21.03% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 190,816 shares of company stock valued at $17,075,619 over the last quarter. 0.20% of the stock is currently owned by corporate insiders.

About NextEra Energy

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.