NextEra Energy, Inc. $NEE Shares Purchased by BankPlus Trust Department

Key Points

• BankPlus Trust Department increased its ownership in NextEra Energy by 10.8% during the second quarter, acquiring an additional 3,123 shares worth approximately $2.23 million.
• NextEra Energy recently announced a quarterly dividend of $0.5665 per share, translating to an annual yield of 2.7% and a payout ratio of 79.37%.
• The stock has a consensus rating of "Moderate Buy" among analysts, with a current price target averaging around $85.08.

BankPlus Trust Department lifted its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 10.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,129 shares of the utilities provider's stock after acquiring an additional 3,123 shares during the period. BankPlus Trust Department's holdings in NextEra Energy were worth $2,230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in NEE. 1 North Wealth Services LLC acquired a new position in shares of NextEra Energy in the 1st quarter valued at $26,000. Nova Wealth Management Inc. acquired a new stake in NextEra Energy during the 1st quarter worth about $32,000. IMA Advisory Services Inc. acquired a new stake in NextEra Energy during the 1st quarter worth about $35,000. Semmax Financial Advisors Inc. grew its position in NextEra Energy by 335.0% during 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 grew its position in NextEra Energy by 237.7% during 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. 78.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NEE has been the topic of several analyst reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of NextEra Energy in a research report on Saturday, September 27th. Barclays increased their price target on NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. JPMorgan Chase & Co. increased their price target on NextEra Energy from $86.00 to $87.00 and gave the stock an "overweight" rating in a research report on Friday, August 22nd. HSBC cut their price target on NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a research report on Friday, July 11th. Finally, Mizuho set a $78.00 target price on NextEra Energy in a research report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $85.08.

NextEra Energy Trading Up 1.4%

NEE stock opened at $83.28 on Wednesday. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. The business's 50-day moving average is $73.43 and its 200 day moving average is $71.44. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.00. The stock has a market cap of $171.50 billion, a price-to-earnings ratio of 29.12, a PEG ratio of 2.83 and a beta of 0.66.

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

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were paid a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Thursday, August 28th. NextEra Energy's dividend payout ratio (DPR) is 79.37%.

Insiders Place Their Bets

In other news, EVP Michael Dunne sold 10,000 shares of NextEra Energy stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $70.79, for a total transaction of $707,900.00. Following the sale, the executive vice president owned 62,064 shares of the company's stock, valued at approximately $4,393,510.56. The trade was a 13.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Mark Lemasney sold 846 shares of NextEra Energy stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $74.90, for a total transaction of $63,365.40. Following the sale, the executive vice president directly owned 9,267 shares in the company, valued at approximately $694,098.30. The trade was a 8.37% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 32,705 shares of company stock worth $2,446,490. 0.18% of the stock is currently owned by insiders.

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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