First National Trust Co. Purchases 3,523 Shares of NextEra Energy, Inc. (NEE)

First National Trust Co. increased its position in NextEra Energy, Inc. (NYSE:NEE) by 10.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,939 shares of the utilities provider’s stock after purchasing an additional 3,523 shares during the period. First National Trust Co.’s holdings in NextEra Energy were worth $5,176,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of NEE. BlackRock Inc. grew its stake in NextEra Energy by 3,384.2% in the first quarter. BlackRock Inc. now owns 37,833,468 shares of the utilities provider’s stock worth $4,856,682,000 after purchasing an additional 36,747,599 shares during the period. Bank of Montreal Can purchased a new stake in NextEra Energy in the second quarter worth $83,603,000. Swiss National Bank grew its stake in NextEra Energy by 26.1% in the first quarter. Swiss National Bank now owns 1,851,224 shares of the utilities provider’s stock worth $237,642,000 after purchasing an additional 382,800 shares during the period. Geode Capital Management LLC grew its stake in NextEra Energy by 7.9% in the first quarter. Geode Capital Management LLC now owns 4,578,611 shares of the utilities provider’s stock worth $586,925,000 after purchasing an additional 336,562 shares during the period. Finally, SG Americas Securities LLC grew its stake in NextEra Energy by 567.0% in the second quarter. SG Americas Securities LLC now owns 369,201 shares of the utilities provider’s stock worth $51,736,000 after purchasing an additional 313,846 shares during the period. 75.41% of the stock is currently owned by institutional investors.

NEE has been the topic of several recent research reports. KeyCorp reaffirmed a “buy” rating and issued a $155.00 price target on shares of NextEra Energy in a research note on Friday, September 1st. Morgan Stanley upped their price target on NextEra Energy from $167.00 to $169.00 and gave the stock an “overweight” rating in a research note on Friday, September 8th. BMO Capital Markets reaffirmed a “buy” rating and issued a $156.00 price target (up from $144.00) on shares of NextEra Energy in a research note on Friday, June 23rd. BidaskClub cut NextEra Energy from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Finally, J P Morgan Chase & Co initiated coverage on NextEra Energy in a research note on Thursday, September 7th. They issued an “overweight” rating and a $173.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $153.09.

Shares of NextEra Energy, Inc. (NYSE:NEE) opened at 147.90 on Tuesday. The stock has a market capitalization of $69.40 billion, a PE ratio of 16.94 and a beta of 0.31. The stock has a 50 day moving average price of $148.67 and a 200-day moving average price of $141.39. NextEra Energy, Inc. has a 1-year low of $110.49 and a 1-year high of $151.60.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.76 by $0.10. NextEra Energy had a return on equity of 11.88% and a net margin of 24.26%. The business had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.44 billion. During the same period last year, the business posted $1.67 EPS. The business’s revenue was up 15.4% compared to the same quarter last year. On average, analysts forecast that NextEra Energy, Inc. will post $6.73 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, August 25th were issued a $0.9825 dividend. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $3.93 dividend on an annualized basis and a dividend yield of 2.66%. NextEra Energy’s dividend payout ratio is presently 45.02%.

COPYRIGHT VIOLATION NOTICE: This piece was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece on another website, it was stolen and republished in violation of United States and international trademark and copyright law. The legal version of this piece can be accessed at https://ledgergazette.com/2017/10/10/first-national-trust-co-purchases-3523-shares-of-nextera-energy-inc-nee.html.

In other news, EVP John W. Ketchum sold 2,900 shares of NextEra Energy stock in a transaction on Monday, September 18th. The stock was sold at an average price of $150.00, for a total value of $435,000.00. Following the transaction, the executive vice president now directly owns 18,786 shares in the company, valued at approximately $2,817,900. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James L. Robo sold 30,000 shares of NextEra Energy stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $147.05, for a total value of $4,411,500.00. The disclosure for this sale can be found <

A number of other hedge funds have also recently modified their holdings of NEE. BlackRock Inc. grew its stake in NextEra Energy by 3,384.2% in the first quarter. BlackRock Inc. now owns 37,833,468 shares of the utilities provider’s stock worth $4,856,682,000 after purchasing an additional 36,747,599 shares during the period. Bank of Montreal Can purchased a new stake in NextEra Energy in the second quarter worth $83,603,000. Swiss National Bank grew its stake in NextEra Energy by 26.1% in the first quarter. Swiss National Bank now owns 1,851,224 shares of the utilities provider’s stock worth $237,642,000 after purchasing an additional 382,800 shares during the period. Geode Capital Management LLC grew its stake in NextEra Energy by 7.9% in the first quarter. Geode Capital Management LLC now owns 4,578,611 shares of the utilities provider’s stock worth $586,925,000 after purchasing an additional 336,562 shares during the period. Finally, SG Americas Securities LLC grew its stake in NextEra Energy by 567.0% in the second quarter. SG Americas Securities LLC now owns 369,201 shares of the utilities provider’s stock worth $51,736,000 after purchasing an additional 313,846 shares during the period. 75.41% of the stock is currently owned by institutional investors.

NEE has been the topic of several recent research reports. KeyCorp reaffirmed a “buy” rating and issued a $155.00 price target on shares of NextEra Energy in a research note on Friday, September 1st. Morgan Stanley upped their price target on NextEra Energy from $167.00 to $169.00 and gave the stock an “overweight” rating in a research note on Friday, September 8th. BMO Capital Markets reaffirmed a “buy” rating and issued a $156.00 price target (up from $144.00) on shares of NextEra Energy in a research note on Friday, June 23rd. BidaskClub cut NextEra Energy from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Finally, J P Morgan Chase & Co initiated coverage on NextEra Energy in a research note on Thursday, September 7th. They issued an “overweight” rating and a $173.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $153.09.

Shares of NextEra Energy, Inc. (NYSE:NEE) opened at 147.90 on Tuesday. The stock has a market capitalization of $69.40 billion, a PE ratio of 16.94 and a beta of 0.31. The stock has a 50 day moving average price of $148.67 and a 200-day moving average price of $141.39. NextEra Energy, Inc. has a 1-year low of $110.49 and a 1-year high of $151.60.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.76 by $0.10. NextEra Energy had a return on equity of 11.88% and a net margin of 24.26%. The business had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.44 billion. During the same period last year, the business posted $1.67 EPS. The business’s revenue was up 15.4% compared to the same quarter last year. On average, analysts forecast that NextEra Energy, Inc. will post $6.73 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, August 25th were issued a $0.9825 dividend. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $3.93 dividend on an annualized basis and a dividend yield of 2.66%. NextEra Energy’s dividend payout ratio is presently 45.02%.

COPYRIGHT VIOLATION NOTICE: This piece was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this piece on another website, it was stolen and republished in violation of United States and international trademark and copyright law. The legal version of this piece can be accessed at https://ledgergazette.com/2017/10/10/first-national-trust-co-purchases-3523-shares-of-nextera-energy-inc-nee.html.

In other news, EVP John W. Ketchum sold 2,900 shares of NextEra Energy stock in a transaction on Monday, September 18th. The stock was sold at an average price of $150.00, for a total value of $435,000.00. Following the transaction, the executive vice president now directly owns 18,786 shares in the company, valued at approximately $2,817,900. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James L. Robo sold 30,000 shares of NextEra Energy stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $147.05, for a total value of $4,411,500.00. The disclosure for this sale can be found here. Insiders sold a total of 63,385 shares of company stock worth $9,314,382 over the last quarter. Company insiders own 0.53% of the company’s stock.

NextEra Energy Company Profile

NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.

Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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