Trust Co. of Vermont Raises Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Trust Co. of Vermont lifted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 377,120 shares of the utilities provider’s stock after buying an additional 10,312 shares during the period. NextEra Energy comprises 1.3% of Trust Co. of Vermont’s investment portfolio, making the stock its 16th largest position. Trust Co. of Vermont’s holdings in NextEra Energy were worth $27,036,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Semmax Financial Advisors Inc. increased its position in NextEra Energy by 197.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 225 shares during the period. Burkett Financial Services LLC grew its holdings in shares of NextEra Energy by 1,229.6% during the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 332 shares during the period. Reston Wealth Management LLC bought a new position in shares of NextEra Energy in the 3rd quarter worth approximately $27,000. Quarry LP purchased a new position in shares of NextEra Energy in the 3rd quarter valued at approximately $33,000. Finally, Maryland Capital Advisors Inc. bought a new stake in shares of NextEra Energy during the third quarter valued at approximately $39,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the completion of the sale, the executive vice president now owns 15,792 shares in the company, valued at $1,193,401.44. This represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.18% of the stock is currently owned by company insiders.

NextEra Energy Stock Performance

NEE traded down $0.54 during mid-day trading on Friday, reaching $70.83. 12,662,751 shares of the company traded hands, compared to its average volume of 7,419,646. The stock has a market capitalization of $145.66 billion, a P/E ratio of 20.96, a P/E/G ratio of 2.26 and a beta of 0.58. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. The company’s fifty day moving average price is $73.62 and its 200-day moving average price is $77.16.

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

Wall Street Analysts Forecast Growth

NEE has been the subject of several recent research reports. Royal Bank of Canada lowered NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Dbs Bank lowered shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. BMO Capital Markets raised their target price on shares of NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Guggenheim raised their price objective on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, Morgan Stanley dropped their target price on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, NextEra Energy currently has an average rating of “Hold” and an average target price of $87.15.

About NextEra Energy

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.