Ledyard National Bank Increases Position in NextEra Energy, Inc. (NYSE:NEE)

Ledyard National Bank increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,341 shares of the utilities provider’s stock after purchasing an additional 634 shares during the quarter. Ledyard National Bank’s holdings in NextEra Energy were worth $3,466,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Dynamic Advisor Solutions LLC raised its stake in shares of NextEra Energy by 1.6% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 30,323 shares of the utilities provider’s stock worth $2,563,000 after acquiring an additional 469 shares in the last quarter. Brookstone Capital Management grew its holdings in NextEra Energy by 1.4% in the third quarter. Brookstone Capital Management now owns 76,813 shares of the utilities provider’s stock worth $6,493,000 after purchasing an additional 1,059 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its position in shares of NextEra Energy by 8.0% during the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 11,730 shares of the utilities provider’s stock worth $992,000 after purchasing an additional 872 shares in the last quarter. First PREMIER Bank lifted its holdings in shares of NextEra Energy by 86.4% during the 3rd quarter. First PREMIER Bank now owns 1,540 shares of the utilities provider’s stock valued at $130,000 after purchasing an additional 714 shares during the last quarter. Finally, Wedmont Private Capital boosted its position in shares of NextEra Energy by 15.4% in the 3rd quarter. Wedmont Private Capital now owns 14,722 shares of the utilities provider’s stock worth $1,182,000 after purchasing an additional 1,968 shares in the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Stock Performance

NYSE NEE opened at $69.18 on Friday. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The firm has a market capitalization of $142.25 billion, a P/E ratio of 20.53, a PEG ratio of 2.50 and a beta of 0.58. The stock has a 50-day simple moving average of $72.06 and a two-hundred day simple moving average of $77.07.

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

Insider Buying and Selling

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction 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 completion of the transaction, the executive vice president now owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. The trade was a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.18% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NEE. Evercore ISI reduced their target price on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock 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 report on Monday, January 27th. Jefferies Financial Group lowered their target price on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Barclays upped their price target on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Finally, Morgan Stanley lifted their price objective on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, NextEra Energy presently has an average rating of “Hold” and a consensus target price of $85.85.

NextEra Energy Company 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.