First National Bank of Mount Dora Trust Investment Services Grows Stock Holdings in NextEra Energy, Inc. $NEE

Key Points

• First National Bank of Mount Dora Trust Investment Services increased its holdings in NextEra Energy by 4.6%, owning 73,799 shares valued at $5.12 million.
• NextEra Energy's stock is down 0.9%, trading at $85, with a market cap of $175.04 billion and a P/E ratio of 29.72.
• The company recently announced a quarterly dividend of $0.5665 per share, which represents an annual yield of 2.7% and a payout ratio of 79.37%.

First National Bank of Mount Dora Trust Investment Services grew its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 4.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 73,799 shares of the utilities provider's stock after purchasing an additional 3,279 shares during the period. First National Bank of Mount Dora Trust Investment Services' holdings in NextEra Energy were worth $5,123,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Avity Investment Management Inc. lifted its holdings in shares of NextEra Energy by 1.7% during the second quarter. Avity Investment Management Inc. now owns 506,515 shares of the utilities provider's stock valued at $35,162,000 after purchasing an additional 8,565 shares during the last quarter. Integrity Alliance LLC. raised its holdings in NextEra Energy by 41.8% in the 1st quarter. Integrity Alliance LLC. now owns 25,092 shares of the utilities provider's stock worth $1,779,000 after acquiring an additional 7,401 shares during the last quarter. Elyxium Wealth LLC purchased a new position in NextEra Energy in the 1st quarter worth approximately $783,000. Czech National Bank raised its holdings in NextEra Energy by 6.5% in the 2nd quarter. Czech National Bank now owns 503,202 shares of the utilities provider's stock worth $34,932,000 after acquiring an additional 30,878 shares during the last quarter. Finally, Bowman & Co S.C. raised its holdings in NextEra Energy by 2.0% in the 2nd quarter. Bowman & Co S.C. now owns 13,452 shares of the utilities provider's stock worth $933,000 after acquiring an additional 263 shares during the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Stock Down 0.9%

Shares of NEE stock opened at $85.00 on Friday. The stock has a market cap of $175.04 billion, a P/E ratio of 29.72, a PEG ratio of 2.90 and a beta of 0.66. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.74. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36. The company's fifty day simple moving average is $75.30 and its two-hundred day simple moving average is $72.13.

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

NextEra Energy Announces Dividend

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

Insider Buying and Selling

In related news, Treasurer James Michael May sold 2,177 shares of the stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total value of $168,717.50. Following the sale, the treasurer directly owned 27,662 shares of the company's stock, valued at $2,143,805. This represents a 7.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Mark Lemasney sold 846 shares of the 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 in the company, valued at $694,098.30. This trade represents a 8.37% 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. 0.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on NEE shares. BMO Capital Markets lifted their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Evercore ISI set a $92.00 target price on shares of NextEra Energy and gave the stock an "outperform" rating in a research report on Monday, October 6th. Cowen began coverage on shares of NextEra Energy in a research report on Wednesday. They set a "buy" rating for the company. JPMorgan Chase & Co. boosted their price objective on shares of NextEra Energy from $86.00 to $87.00 and gave the company an "overweight" rating in a research report on Friday, August 22nd. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of NextEra Energy in a research report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $86.40.

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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