Wesbanco Bank Inc. Grows Stake in NextEra Energy, Inc. (NYSE:NEE)

Wesbanco Bank Inc. grew its position in NextEra Energy, Inc. (NYSE:NEE) by 6.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 310,879 shares of the utilities provider’s stock after purchasing an additional 18,677 shares during the quarter. NextEra Energy comprises approximately 0.8% of Wesbanco Bank Inc.’s investment portfolio, making the stock its 27th biggest holding. Wesbanco Bank Inc.’s holdings in NextEra Energy were worth $22,287,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of NEE. Bartlett & CO. Wealth Management LLC grew its holdings in shares of NextEra Energy by 1.8% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 1,090,096 shares of the utilities provider’s stock valued at $78,149,000 after buying an additional 19,436 shares during the last quarter. Baker Ellis Asset Management LLC grew its holdings in shares of NextEra Energy by 1.3% during the fourth quarter. Baker Ellis Asset Management LLC now owns 11,666 shares of the utilities provider’s stock valued at $836,000 after buying an additional 150 shares during the last quarter. Marino Stram & Associates LLC purchased a new stake in shares of NextEra Energy during the fourth quarter valued at $203,000. Cetera Trust Company N.A grew its holdings in shares of NextEra Energy by 4.1% during the fourth quarter. Cetera Trust Company N.A now owns 5,104 shares of the utilities provider’s stock valued at $366,000 after buying an additional 200 shares during the last quarter. Finally, Park Place Capital Corp lifted its position in NextEra Energy by 3.8% during the fourth quarter. Park Place Capital Corp now owns 20,060 shares of the utilities provider’s stock valued at $1,438,000 after purchasing an additional 730 shares during the period. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Nicole J. Daggs sold 4,007 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the sale, the executive vice president now owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. This represents a 20.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on NEE shares. Barclays boosted their target price on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Morgan Stanley decreased their target price on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. Guggenheim boosted their target price on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Dbs Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Finally, Scotiabank boosted their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Eight 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.com, the stock presently has an average rating of “Hold” and a consensus target price of $87.15.

NextEra Energy Stock Down 3.4 %

NEE opened at $68.47 on Thursday. 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 company has a 50-day moving average price of $73.33 and a 200 day moving average price of $77.24. The company has a market cap of $140.81 billion, a PE ratio of 20.26, a price-to-earnings-growth ratio of 2.38 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, topping 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 firm 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 firm earned $0.94 EPS. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. Sell-side analysts expect that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

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.