NextEra Energy, Inc. $NEE Shares Purchased by Wesbanco Bank Inc.

Key Points

• Wesbanco Bank Inc. increased its holdings in NextEra Energy by 3.8%, purchasing an additional 12,255 shares to reach a total of 330,859 shares valued at approximately $22.97 million.
• NextEra Energy announced quarterly earnings of $1.05 EPS, beating estimates, but reported revenue of $6.70 billion, falling short of the expected $7.52 billion.
• The firm declared a quarterly dividend of $0.5665 per share, providing a 3.2% yield, with the ex-dividend date set for August 28th.

Wesbanco Bank Inc. increased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 3.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 330,859 shares of the utilities provider's stock after purchasing an additional 12,255 shares during the period. Wesbanco Bank Inc.'s holdings in NextEra Energy were worth $22,968,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Somerset Trust Co boosted its stake in NextEra Energy by 5.2% during the 1st quarter. Somerset Trust Co now owns 89,709 shares of the utilities provider's stock worth $6,359,000 after purchasing an additional 4,445 shares during the period. Elyxium Wealth LLC acquired a new stake in shares of NextEra Energy in the 1st quarter worth $783,000. Viking Fund Management LLC lifted its stake in shares of NextEra Energy by 67.8% in the 1st quarter. Viking Fund Management LLC now owns 495,000 shares of the utilities provider's stock worth $35,091,000 after acquiring an additional 200,000 shares during the period. Trust Co. of Vermont lifted its stake in shares of NextEra Energy by 2.2% in the 1st quarter. Trust Co. of Vermont now owns 385,592 shares of the utilities provider's stock worth $27,335,000 after acquiring an additional 8,472 shares during the period. Finally, Tema Etfs LLC lifted its stake in shares of NextEra Energy by 835.9% in the 1st quarter. Tema Etfs LLC now owns 50,839 shares of the utilities provider's stock worth $3,604,000 after acquiring an additional 45,407 shares during the period. Institutional investors and hedge funds own 78.72% of the company's stock.

NextEra Energy Stock Performance

Shares of NEE opened at $71.66 on Friday. The company has a 50-day simple moving average of $73.10 and a 200-day simple moving average of $71.06. 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 has a market capitalization of $147.57 billion, a PE ratio of 25.06, a P/E/G ratio of 2.46 and a beta of 0.65. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. The business had revenue of $6.70 billion during the quarter, compared to the consensus estimate 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 quarter last year, the firm posted $0.96 EPS. Equities research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, August 28th will be issued a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 3.2%. The ex-dividend date is Thursday, August 28th. NextEra Energy's dividend payout ratio (DPR) is 79.37%.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, Treasurer James Michael May sold 2,177 shares of the firm's stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total transaction of $168,717.50. Following the completion of the transaction, the treasurer directly owned 27,662 shares in the company, valued at approximately $2,143,805. This trade represents a 7.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Robert Coffey sold 7,500 shares of the firm's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $71.84, for a total transaction of $538,800.00. Following the transaction, the executive vice president owned 26,539 shares of the company's stock, valued at $1,906,561.76. This trade represents a 22.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 19,677 shares of company stock worth $1,415,418. 0.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on NEE. UBS Group reduced their target price on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a research note on Friday, May 23rd. BMO Capital Markets raised their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. HSBC reduced their target price on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a research note on Friday, July 11th. JPMorgan Chase & Co. raised their target price on shares of NextEra Energy from $86.00 to $87.00 and gave the stock an "overweight" rating in a research note on Friday, August 22nd. Finally, Melius started coverage on shares of NextEra Energy in a report on Wednesday, August 20th. They issued a "buy" rating and a $77.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $84.00.

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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