Hilltop National Bank Purchases Shares of 5,785 NextEra Energy, Inc. $NEE

Key Points

• Hilltop National Bank acquired 5,785 shares of NextEra Energy, Inc. valued at approximately $402,000 in the 2nd quarter, highlighting increasing institutional interest in the stock.
• Recent transactions reveal significant insider selling, including EVP Robert Coffey who sold 7,500 shares for $538,800, reducing his ownership by 22.03%.
• Analysts have varied opinions on the stock with target prices ranging from $65.00 to $86.00, resulting in an average rating of "Moderate Buy" and a consensus price target of $84.08.

Hilltop National Bank purchased a new stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 5,785 shares of the utilities provider's stock, valued at approximately $402,000.

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

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Robert Coffey sold 7,500 shares of the company's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $71.84, for a total value of $538,800.00. Following the completion of the sale, the executive vice president directly owned 26,539 shares in the company, valued at approximately $1,906,561.76. This represents a 22.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark Lemasney sold 846 shares of the company's stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $74.90, for a total value of $63,365.40. Following the completion of the sale, the executive vice president owned 9,267 shares of the company's stock, valued at $694,098.30. This represents a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,369 shares of company stock valued at $1,539,610 over the last 90 days. 0.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on NEE shares. BMO Capital Markets lifted their target price on NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Weiss Ratings reiterated a "hold (c)" rating on shares of NextEra Energy in a report on Saturday, September 27th. Barclays lifted their target price on NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. Melius started coverage on NextEra Energy in a report on Wednesday, August 20th. They issued a "buy" rating and a $77.00 target price for the company. Finally, HSBC dropped their target price on NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a report on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $84.08.

NextEra Energy Trading Up 2.5%

NEE stock opened at $80.12 on Friday. The company has a market capitalization of $164.98 billion, a PE ratio of 28.01, a P/E/G ratio of 2.69 and a beta of 0.66. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.00. The firm's 50-day moving average is $72.99 and its 200 day moving average is $71.28. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly 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 net margin of 22.84% and a return on equity of 12.31%. The company had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $7.52 billion. During the same quarter last year, the firm posted $0.96 EPS. The firm's revenue was up 10.4% compared to the same quarter last year. On average, research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were issued a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Thursday, August 28th. NextEra Energy's dividend payout ratio is currently 79.37%.

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.

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