Indiana Trust & Investment Management Co Buys 3,453 Shares of NextEra Energy, Inc. (NYSE:NEE)

Indiana Trust & Investment Management Co raised its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 31.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,560 shares of the utilities provider’s stock after purchasing an additional 3,453 shares during the quarter. Indiana Trust & Investment Management Co’s holdings in NextEra Energy were worth $1,044,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of NEE. Community Financial Services Group LLC lifted its stake in NextEra Energy by 2.9% during the 4th quarter. Community Financial Services Group LLC now owns 77,004 shares of the utilities provider’s stock valued at $5,520,000 after acquiring an additional 2,195 shares during the period. Sage Private Wealth Group LLC increased its stake in shares of NextEra Energy by 3.6% in the fourth quarter. Sage Private Wealth Group LLC now owns 5,016 shares of the utilities provider’s stock worth $360,000 after purchasing an additional 173 shares in the last quarter. Signet Investment Advisory Group Inc. raised its holdings in NextEra Energy by 4.6% during the fourth quarter. Signet Investment Advisory Group Inc. now owns 59,453 shares of the utilities provider’s stock valued at $4,262,000 after acquiring an additional 2,596 shares during the period. Leavell Investment Management Inc. lifted its holdings in NextEra Energy by 6.8% in the 4th quarter. Leavell Investment Management Inc. now owns 17,280 shares of the utilities provider’s stock worth $1,239,000 after purchasing an additional 1,102 shares in the last quarter. Finally, Portfolio Design Labs LLC increased its holdings in NextEra Energy by 15.7% in the 4th quarter. Portfolio Design Labs LLC now owns 22,884 shares of the utilities provider’s stock valued at $1,641,000 after acquiring an additional 3,105 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Up 0.9 %

NYSE:NEE opened at $70.36 on Wednesday. The business’s fifty day moving average price is $71.52 and its 200 day moving average price is $77.00. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $144.69 billion, a price-to-earnings ratio of 20.88, a PEG ratio of 2.42 and a beta of 0.58. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10.

NextEra Energy (NYSE:NEE) last released its 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 net margin of 28.06% and a return on equity of 11.85%. On average, sell-side analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NEE has been the subject of several research reports. Scotiabank increased their price objective 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. JPMorgan Chase & Co. decreased their target price on NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Evercore ISI reduced their price objective on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a report on Monday, January 27th. BMO Capital Markets upped their price target on shares of NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Finally, Jefferies Financial Group reduced their price objective on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $85.85.

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.