NextEra Energy, Inc. $NEE Shares Sold by Fulton Bank N.A.

Key Points

• Fulton Bank N.A. reduced its stake in NextEra Energy by 24.2% during the second quarter, now holding 23,636 shares valued at approximately $1.64 million.
• NextEra Energy reported earnings of $1.05 per share for the last quarter, surpassing the consensus estimate, while its revenue was down year-over-year but increased by 10.4% compared to the same quarter last year.
• The firm recently declared a quarterly dividend of $0.5665 per share, amounting to an annualized dividend yield of 3.2%, with a payout ratio of 79.37%.

Fulton Bank N.A. cut its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 24.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,636 shares of the utilities provider's stock after selling 7,553 shares during the period. Fulton Bank N.A.'s holdings in NextEra Energy were worth $1,641,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. 1 North Wealth Services LLC acquired a new position in shares of NextEra Energy during the first quarter worth about $26,000. Nova Wealth Management Inc. acquired a new position in shares of NextEra Energy during the first quarter worth about $32,000. IMA Advisory Services Inc. acquired a new position in shares of NextEra Energy during the first quarter worth about $35,000. Copia Wealth Management acquired a new position in shares of NextEra Energy during the fourth quarter worth about $36,000. Finally, Semmax Financial Advisors Inc. grew its position in shares of NextEra Energy by 335.0% during the first quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider's stock worth $36,000 after buying an additional 392 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Trading Up 0.4%

NYSE:NEE traded up $0.25 during mid-day trading on Friday, reaching $71.04. The company's stock had a trading volume of 14,817,505 shares, compared to its average volume of 9,176,082. The company's fifty day simple moving average is $72.77 and its two-hundred day simple moving average is $71.06. 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, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10. The stock has a market cap of $146.29 billion, a P/E ratio of 24.84, a P/E/G ratio of 2.44 and a beta of 0.65.

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

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were paid a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Thursday, August 28th. NextEra Energy's payout ratio is currently 79.37%.

Insider Transactions at NextEra Energy

In other news, EVP Mark Lemasney sold 846 shares of NextEra Energy stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $71.90, for a total value of $60,827.40. Following the transaction, the executive vice president directly owned 10,113 shares of the company's stock, valued at $727,124.70. The trade was a 7.72% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Michael Dunne sold 10,000 shares of the firm's stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $70.79, for a total value of $707,900.00. Following the sale, the executive vice president owned 62,064 shares in the company, valued at approximately $4,393,510.56. The trade was a 13.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 20,523 shares of company stock valued at $1,476,245. 0.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Melius assumed coverage on NextEra Energy in a research report on Wednesday, August 20th. They set a "buy" rating and a $77.00 price objective for the company. Mizuho set a $78.00 price target on NextEra Energy in a report on Thursday, August 21st. JPMorgan Chase & Co. upped their price target on NextEra Energy from $86.00 to $87.00 and gave the company an "overweight" rating in a report on Friday, August 22nd. Barclays upped their price target on NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a report on Thursday, July 10th. Finally, BMO Capital Markets upped their price target on NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price 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.