Missouri Trust & Investment Co Has $1.55 Million Position in NextEra Energy, Inc. (NYSE:NEE)

Missouri Trust & Investment Co raised its holdings in NextEra Energy, Inc. (NYSE:NEE) by 4.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 21,670 shares of the utilities provider’s stock after acquiring an additional 870 shares during the quarter. Missouri Trust & Investment Co’s holdings in NextEra Energy were worth $1,554,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its holdings in NextEra Energy by 107.7% during the second quarter. EverSource Wealth Advisors LLC now owns 8,378 shares of the utilities provider’s stock valued at $640,000 after buying an additional 4,344 shares in the last quarter. Evergreen Capital Management LLC raised its stake in shares of NextEra Energy by 15.0% in the 2nd quarter. Evergreen Capital Management LLC now owns 22,757 shares of the utilities provider’s stock valued at $1,611,000 after acquiring an additional 2,973 shares in the last quarter. Interval Partners LP acquired a new stake in NextEra Energy in the 2nd quarter worth approximately $1,668,000. Sagefield Capital LP boosted its position in NextEra Energy by 149.5% during the second quarter. Sagefield Capital LP now owns 114,104 shares of the utilities provider’s stock worth $8,080,000 after purchasing an additional 68,372 shares during the period. Finally, Marshall Wace LLP grew its holdings in NextEra Energy by 1,337.2% during the second quarter. Marshall Wace LLP now owns 131,866 shares of the utilities provider’s stock valued at $9,337,000 after purchasing an additional 122,691 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

Insider Transactions at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the sale, the executive vice president now owns 15,792 shares in the company, valued at approximately $1,193,401.44. This represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.18% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on NEE. Morgan Stanley decreased their price objective on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. Royal Bank of Canada downgraded NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Guggenheim boosted their price objective on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. BMO Capital Markets raised their target price on NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Finally, Scotiabank upped their price target on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $87.15.

NextEra Energy Stock Performance

NYSE NEE opened at $70.85 on Wednesday. NextEra Energy, Inc. has a twelve month low of $53.95 and a twelve month 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 stock has a market cap of $145.70 billion, a P/E ratio of 20.96, a PEG ratio of 2.38 and a beta of 0.58. The company’s 50-day simple moving average is $73.40 and its 200 day simple moving average is $77.24.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. The business had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. NextEra Energy’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.94 EPS. As a group, research analysts forecast that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

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.