First National Advisers LLC lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 13.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 95,478 shares of the utilities provider's stock after acquiring an additional 11,039 shares during the quarter. NextEra Energy makes up approximately 1.1% of First National Advisers LLC's holdings, making the stock its 14th biggest holding. First National Advisers LLC's holdings in NextEra Energy were worth $6,769,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Bellwether Advisors LLC purchased a new stake in NextEra Energy in the fourth quarter worth about $30,000. WealthTrak Capital Management LLC bought a new position in shares of NextEra Energy during the fourth quarter valued at approximately $33,000. IMA Advisory Services Inc. bought a new position in shares of NextEra Energy during the first quarter valued at approximately $35,000. Copia Wealth Management bought a new position in shares of NextEra Energy during the fourth quarter valued at approximately $36,000. Finally, CBIZ Investment Advisory Services LLC boosted its stake in shares of NextEra Energy by 237.7% during the first quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider's stock valued at $37,000 after purchasing an additional 366 shares in the last quarter. Institutional investors own 78.72% of the company's stock.
Insider Buying and Selling at NextEra Energy
In other news, EVP Robert Coffey sold 7,500 shares of the stock in a transaction that occurred on Monday, July 28th. The shares were 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 owned 26,539 shares of the company's stock, valued at $1,906,561.76. This represents a 22.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Treasurer James Michael May sold 2,177 shares of the company's stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total transaction of $168,717.50. Following the completion of the transaction, the treasurer owned 27,662 shares in the company, valued at approximately $2,143,805. This represents a 7.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,361 shares of company stock worth $2,365,398 in the last ninety days. 0.18% of the stock is owned by insiders.
NextEra Energy Stock Performance
Shares of NextEra Energy stock traded up $0.62 during trading on Tuesday, hitting $71.96. 7,585,984 shares of the company's stock were exchanged, compared to its average volume of 10,389,966. The business has a 50-day simple moving average of $72.19 and a 200-day simple moving average of $70.46. The stock has a market capitalization of $148.19 billion, a price-to-earnings ratio of 25.16, a PEG ratio of 2.46 and a beta of 0.67. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.10. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54.
NextEra Energy (NYSE:NEE - Get Free Report) last released its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping analysts' consensus estimates of $1.01 by $0.04. The business had revenue of $6.70 billion during 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 company's quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.96 earnings per share. On average, research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.
NextEra Energy Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, August 28th will be given a dividend of $0.5665 per share. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.15%. NextEra Energy's payout ratio is 79.37%.
Analysts Set New Price Targets
NEE has been the topic of a number of recent research reports. HSBC dropped their price objective on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating on the stock in a research note on Friday, July 11th. Morgan Stanley lowered their target price on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a research note on Wednesday, June 18th. Barclays raised their target price on shares of NextEra Energy from $65.00 to $67.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. BMO Capital Markets raised their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. Finally, Wells Fargo & Company lowered their price target on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $84.42.
Get Our Latest Stock Report on NEE
NextEra Energy Company Profile
(
Free Report)
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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