Kentucky Trust Co Purchases New Position in NextEra Energy, Inc. (NYSE:NEE)

Kentucky Trust Co purchased a new stake in NextEra Energy, Inc. (NYSE:NEE) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 12,573 shares of the utilities provider’s stock, valued at approximately $901,000.

Several other large investors have also recently added to or reduced their stakes in NEE. Exchange Traded Concepts LLC increased its holdings in NextEra Energy by 514.3% in the 3rd quarter. Exchange Traded Concepts LLC now owns 4,675 shares of the utilities provider’s stock valued at $395,000 after purchasing an additional 3,914 shares in the last quarter. Procyon Advisors LLC boosted its position in NextEra Energy by 2.4% in the 3rd quarter. Procyon Advisors LLC now owns 12,975 shares of the utilities provider’s stock valued at $1,097,000 after buying an additional 306 shares during the last quarter. ORG Wealth Partners LLC purchased a new position in NextEra Energy in the 3rd quarter valued at about $45,000. Wesbanco Bank Inc. boosted its position in NextEra Energy by 13.4% in the 3rd quarter. Wesbanco Bank Inc. now owns 292,202 shares of the utilities provider’s stock valued at $24,700,000 after buying an additional 34,464 shares during the last quarter. Finally, Creative Planning boosted its position in NextEra Energy by 2.4% in the 3rd quarter. Creative Planning now owns 831,170 shares of the utilities provider’s stock valued at $70,082,000 after buying an additional 19,698 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $70.36 on Wednesday. The firm’s 50 day moving average is $71.52 and its two-hundred day moving average is $77.00. NextEra Energy, Inc. has a 52 week low of $53.95 and a 52 week high of $86.10. The firm has a market capitalization of $144.69 billion, a P/E ratio of 20.88, a PEG ratio of 2.42 and a beta of 0.58. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on NEE shares. JPMorgan Chase & Co. decreased their price objective on shares of NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. BMO Capital Markets upped their price objective on shares of NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Royal Bank of Canada cut shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Evercore ISI decreased their price objective on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research report on Monday, January 27th. Finally, Guggenheim upped their price objective on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, NextEra Energy has a consensus rating of “Hold” and a consensus price target of $85.85.

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.