Trust Co. of Toledo NA OH Has $4.78 Million Holdings in NextEra Energy, Inc. $NEE

Trust Co. of Toledo NA OH boosted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,872 shares of the utilities provider’s stock after acquiring an additional 791 shares during the quarter. Trust Co. of Toledo NA OH’s holdings in NextEra Energy were worth $4,781,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. 1 North Wealth Services LLC acquired a new stake in NextEra Energy during the 1st quarter valued at $26,000. Nova Wealth Management Inc. acquired a new stake in shares of NextEra Energy in the first quarter valued at $32,000. IMA Advisory Services Inc. acquired a new stake in NextEra Energy in the 1st quarter valued at about $35,000. Semmax Financial Advisors Inc. increased its position in NextEra Energy by 335.0% in the 1st quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 392 shares in the last quarter. Finally, CBIZ Investment Advisory Services LLC increased its position in NextEra Energy by 237.7% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider’s stock valued at $37,000 after acquiring an additional 366 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Buying and Selling

In other news, EVP Charles E. Sieving sold 11,336 shares of the company’s stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $80.00, for a total transaction of $906,880.00. Following the completion of the transaction, the executive vice president directly owned 167,481 shares of the company’s stock, valued at $13,398,480. This represents a 6.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Treasurer James Michael May sold 2,177 shares of the company’s stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total value of $168,717.50. Following the transaction, the treasurer directly owned 27,662 shares of the company’s stock, valued at $2,143,805. This represents a 7.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,705 shares of company stock valued at $2,446,490. 0.20% of the stock is owned by corporate insiders.

NextEra Energy Stock Down 0.5%

Shares of NYSE NEE opened at $83.30 on Friday. The stock has a market cap of $171.54 billion, a P/E ratio of 29.13, a P/E/G ratio of 2.88 and a beta of 0.66. The firm has a 50 day moving average price of $74.20 and a 200 day moving average price of $71.73. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.00.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The firm had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.52 billion. During the same quarter in the previous year, the company earned $0.96 earnings per share. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. Analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were issued a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Thursday, August 28th. NextEra Energy’s dividend payout ratio is 79.37%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on NEE. Morgan Stanley reissued an “overweight” rating and issued a $95.00 price target (down previously from $96.00) on shares of NextEra Energy in a report on Thursday, September 25th. BMO Capital Markets lifted their target price on NextEra Energy from $77.00 to $81.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. HSBC lowered their price objective on NextEra Energy from $88.00 to $86.00 and set a “buy” rating for the company in a research report on Friday, July 11th. Mizuho set a $78.00 price objective on NextEra Energy in a research report on Thursday, August 21st. Finally, Evercore ISI set a $92.00 price target on shares of NextEra Energy and gave the stock an “outperform” rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $85.08.

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.