First County Bank CT Has $840,000 Holdings in NextEra Energy, Inc. (NYSE:NEE)

First County Bank CT trimmed its holdings in NextEra Energy, Inc. (NYSE:NEE) by 22.4% in the fourth quarter, Holdings Channel reports. The fund owned 11,716 shares of the utilities provider’s stock after selling 3,385 shares during the period. First County Bank CT’s holdings in NextEra Energy were worth $840,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Lantz Financial LLC raised its holdings in shares of NextEra Energy by 16.0% during the second quarter. Lantz Financial LLC now owns 13,047 shares of the utilities provider’s stock worth $924,000 after acquiring an additional 1,795 shares during the period. Strategic Financial Concepts LLC acquired a new stake in shares of NextEra Energy in the 2nd quarter valued at about $50,000. Chris Bulman Inc bought a new stake in shares of NextEra Energy in the second quarter valued at about $57,000. Asset Dedication LLC boosted its position in shares of NextEra Energy by 1.0% during the second quarter. Asset Dedication LLC now owns 15,961 shares of the utilities provider’s stock worth $1,130,000 after buying an additional 164 shares during the period. Finally, Acadian Asset Management LLC grew its holdings in shares of NextEra Energy by 846.9% during the second quarter. Acadian Asset Management LLC now owns 55,613 shares of the utilities provider’s stock worth $3,937,000 after buying an additional 49,740 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on NEE shares. Dbs Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. Scotiabank increased their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Royal Bank of Canada lowered shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Jefferies Financial Group started coverage on shares of NextEra Energy in a research note on Thursday, September 19th. They set a “hold” rating and a $87.00 price objective for the company. Finally, BMO Capital Markets raised their price objective on NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $87.15.

Insider Buying and Selling at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the sale, the executive vice president now owns 15,792 shares of the company’s stock, valued at $1,193,401.44. The trade was a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Stock Down 1.1 %

Shares of NYSE NEE traded down $0.79 during mid-day trading on Tuesday, reaching $70.45. 5,461,312 shares of the company’s stock traded hands, compared to its average volume of 5,488,541. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33. The business has a 50-day simple moving average of $74.96 and a 200 day simple moving average of $77.42. The stock has a market cap of $144.87 billion, a P/E ratio of 20.84, a PEG ratio of 2.66 and a beta of 0.58. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.98 by $0.05. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The company had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. During the same quarter in the prior year, the company posted $0.94 earnings per share. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, analysts expect that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 22nd were issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date of this dividend was Friday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is currently 60.95%.

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.