American National Bank & Trust Sells 4,764 Shares of NextEra Energy, Inc. (NYSE:NEE)

American National Bank & Trust trimmed its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 4.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,379 shares of the utilities provider's stock after selling 4,764 shares during the quarter. American National Bank & Trust's holdings in NextEra Energy were worth $7,045,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Empowered Funds LLC increased its position in NextEra Energy by 14.7% in the 4th quarter. Empowered Funds LLC now owns 45,566 shares of the utilities provider's stock valued at $3,267,000 after acquiring an additional 5,831 shares during the period. Empower Advisory Group LLC boosted its stake in shares of NextEra Energy by 2.3% in the 4th quarter. Empower Advisory Group LLC now owns 1,823,327 shares of the utilities provider's stock valued at $130,714,000 after purchasing an additional 41,328 shares during the last quarter. Brentview Investment Management LLC bought a new stake in shares of NextEra Energy in the 4th quarter valued at $3,761,000. Somerset Trust Co boosted its stake in shares of NextEra Energy by 5.2% in the 1st quarter. Somerset Trust Co now owns 89,709 shares of the utilities provider's stock valued at $6,359,000 after purchasing an additional 4,445 shares during the last quarter. Finally, Fortress Financial Solutions LLC bought a new stake in shares of NextEra Energy in the 4th quarter valued at $315,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Charles E. Sieving sold 23,684 shares of the firm's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $70.00, for a total value of $1,657,880.00. Following the completion of the transaction, the executive vice president now directly owns 196,817 shares of the company's stock, valued at approximately $13,777,190. This trade represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.20% of the company's stock.

NextEra Energy Price Performance

NEE stock traded up $0.89 during midday trading on Tuesday, hitting $71.04. The company's stock had a trading volume of 11,013,541 shares, compared to its average volume of 11,096,459. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $146.25 billion, a price-to-earnings ratio of 21.08, a price-to-earnings-growth ratio of 2.45 and a beta of 0.69. The company has a 50 day moving average of $68.40 and a two-hundred day moving average of $70.71.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, hitting the consensus estimate of $0.99. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. The business had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.58 billion. During the same period in the prior year, the company posted $0.91 EPS. The firm's revenue for the quarter was up 9.0% compared to the same quarter last year. On average, analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a $0.5665 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $2.27 annualized dividend and a yield of 3.19%. NextEra Energy's payout ratio is 84.64%.

Analyst Ratings Changes

NEE has been the topic of a number of analyst reports. Erste Group Bank lowered shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. upped their price objective on shares of NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. Wells Fargo & Company reduced their price objective on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. UBS Group reduced their price objective on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a research note on Friday, May 23rd. Finally, Barclays cut their target price on shares of NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 29th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, NextEra Energy currently has a consensus rating of "Moderate Buy" and an average price target of $83.50.

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.