First National Bank & Trust Co. of Newtown Has $1.93 Million Stake in NextEra Energy, Inc. (NYSE:NEE)

First National Bank & Trust Co. of Newtown raised its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 31,709 shares of the utilities provider’s stock after buying an additional 300 shares during the period. First National Bank & Trust Co. of Newtown’s holdings in NextEra Energy were worth $1,926,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in NEE. BOK Financial Private Wealth Inc. acquired a new position in NextEra Energy during the 4th quarter valued at about $29,000. Alaska Permanent Fund Corp boosted its stake in shares of NextEra Energy by 59.8% in the 3rd quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock worth $32,000 after buying an additional 208 shares during the last quarter. Coppell Advisory Solutions LLC purchased a new position in shares of NextEra Energy in the 2nd quarter worth approximately $32,000. Valued Wealth Advisors LLC purchased a new position in shares of NextEra Energy in the 4th quarter worth approximately $34,000. Finally, Rakuten Securities Inc. purchased a new position in shares of NextEra Energy in the 4th quarter worth approximately $34,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Price Performance

NEE traded up $0.67 during trading on Friday, reaching $64.68. The stock had a trading volume of 4,394,260 shares, compared to its average volume of 11,747,032. The stock has a market cap of $132.75 billion, a PE ratio of 17.86, a PEG ratio of 2.29 and a beta of 0.51. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.47 and a current ratio of 0.55. NextEra Energy, Inc. has a one year low of $47.15 and a one year high of $79.78. The business has a 50-day moving average of $59.73 and a 200-day moving average of $58.43.

NextEra Energy (NYSE:NEE) last released its earnings results on Thursday, January 25th. The utilities provider reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. The business had revenue of $6.88 billion for the quarter, compared to analysts’ expectations of $5.72 billion. During the same quarter in the prior year, the firm earned $0.51 earnings per share. As a group, equities research analysts anticipate that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 3.18%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Monday, February 26th. NextEra Energy’s dividend payout ratio is presently 57.06%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. BMO Capital Markets cut their target price on NextEra Energy from $77.00 to $68.00 and set an “outperform” rating on the stock in a research note on Tuesday. Guggenheim boosted their target price on NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, January 22nd. Mizuho reiterated a “buy” rating and issued a $67.00 price objective (up previously from $65.00) on shares of NextEra Energy in a research note on Friday, March 15th. Wells Fargo & Company upped their price objective on NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $74.00 price objective on shares of NextEra Energy in a research note on Tuesday, January 30th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $71.36.

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.