5,077 Shares in NextEra Energy, Inc. $NEE Acquired by Heartland Bank & Trust Co

Key Points

• Heartland Bank & Trust Co acquired 5,077 shares of NextEra Energy, Inc. valued at approximately $352,000, marking a new position in the 2nd quarter.
• NextEra Energy's quarterly earnings topped expectations, reporting $1.05 EPS, and a revenue of $6.70 billion, though this fell short of analysts' forecasts.
• Analysts have varied opinions on the stock, with target prices ranging from $67.00 to $95.00, and an average consensus rating classified as "Moderate Buy."

Heartland Bank & Trust Co acquired a new position in NextEra Energy, Inc. (NYSE:NEE - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,077 shares of the utilities provider's stock, valued at approximately $352,000.

Other hedge funds also recently added to or reduced their stakes in the company. 1 North Wealth Services LLC purchased a new position in NextEra Energy in the first quarter worth approximately $26,000. Nova Wealth Management Inc. purchased a new position in NextEra Energy in the first quarter worth approximately $32,000. IMA Advisory Services Inc. purchased a new position in NextEra Energy in the first quarter worth approximately $35,000. Semmax Financial Advisors Inc. grew its position in NextEra Energy by 335.0% in the first quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider's stock worth $36,000 after acquiring an additional 392 shares during the period. Finally, CBIZ Investment Advisory Services LLC grew its position in NextEra Energy by 237.7% in the first quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider's stock worth $37,000 after acquiring an additional 366 shares during the period. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on NEE shares. HSBC decreased their price target on NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a research note on Friday, July 11th. New Street Research set a $84.00 target price on NextEra Energy in a report on Monday. Morgan Stanley restated an "overweight" rating and set a $95.00 target price (down from $96.00) on shares of NextEra Energy in a report on Thursday, September 25th. Melius Research upgraded NextEra Energy to a "strong-buy" rating in a report on Wednesday, August 20th. Finally, Barclays raised their target price on NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $85.00.

NextEra Energy Trading Up 1.1%

NEE opened at $84.25 on Tuesday. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.00. The stock has a market capitalization of $173.49 billion, a price-to-earnings ratio of 29.46, a PEG ratio of 2.82 and a beta of 0.66. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45. The business has a fifty day moving average price of $74.47 and a 200 day moving average price of $71.85.

NextEra Energy (NYSE:NEE - Get Free Report) last released its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping the consensus estimate of $1.01 by $0.04. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The firm had revenue of $6.70 billion during the quarter, compared to analysts' expectations of $7.52 billion. During the same period in the previous year, the firm posted $0.96 EPS. NextEra Energy's revenue for the quarter was up 10.4% on a year-over-year basis. Sell-side analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Thursday, August 28th were paid a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Thursday, August 28th. NextEra Energy's payout ratio is presently 79.37%.

Insider Activity

In other NextEra Energy news, EVP Mark Lemasney sold 846 shares of NextEra Energy stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $74.90, for a total transaction of $63,365.40. Following the completion of the sale, the executive vice president directly owned 9,267 shares of the company's stock, valued at $694,098.30. The trade was a 8.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Charles E. Sieving sold 11,336 shares of NextEra Energy stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $80.00, for a total value of $906,880.00. Following the sale, the executive vice president directly owned 167,481 shares of the company's stock, valued at $13,398,480. This trade represents a 6.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,705 shares of company stock worth $2,446,490 over the last three months. Company insiders own 0.18% of the company's stock.

NextEra Energy 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.

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