NextEra Energy, Inc. (NYSE:NEE) Shares Acquired by Citizens National Bank Trust Department

Citizens National Bank Trust Department increased its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 4.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,222 shares of the utilities provider's stock after acquiring an additional 3,590 shares during the period. NextEra Energy makes up about 1.2% of Citizens National Bank Trust Department's investment portfolio, making the stock its 27th biggest position. Citizens National Bank Trust Department's holdings in NextEra Energy were worth $5,616,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of NEE. Vanguard Group Inc. lifted its stake in NextEra Energy by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 205,297,225 shares of the utilities provider's stock valued at $14,717,758,000 after buying an additional 2,090,538 shares in the last quarter. Norges Bank purchased a new stake in NextEra Energy in the 4th quarter valued at approximately $3,484,197,000. Geode Capital Management LLC lifted its stake in NextEra Energy by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 43,778,016 shares of the utilities provider's stock valued at $3,129,132,000 after buying an additional 1,359,268 shares in the last quarter. Northern Trust Corp lifted its stake in NextEra Energy by 9.6% in the 4th quarter. Northern Trust Corp now owns 23,090,426 shares of the utilities provider's stock valued at $1,655,353,000 after buying an additional 2,030,331 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in NextEra Energy by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,630,784 shares of the utilities provider's stock valued at $977,191,000 after buying an additional 345,999 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company's stock.

Insider Buying and Selling

In related news, EVP Charles E. Sieving sold 23,684 shares of the stock in a transaction on Friday, May 9th. The stock was sold at an average price of $70.00, for a total value of $1,657,880.00. Following the completion of the sale, the executive vice president now directly owns 196,817 shares in the company, valued at approximately $13,777,190. This represents a 10.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.20% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Erste Group Bank lowered NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. JPMorgan Chase & Co. upped their target price on NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. Barclays reduced their target price on NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 29th. Guggenheim reissued a "buy" rating and set a $89.00 price target on shares of NextEra Energy in a research note on Thursday, March 20th. Finally, UBS Group reduced their price target on NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a research note on Friday, May 23rd. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $84.55.

NextEra Energy Trading Down 0.0%

Shares of NEE opened at $70.96 on Friday. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.32. The firm has a market capitalization of $146.07 billion, a P/E ratio of 26.57, a price-to-earnings-growth ratio of 2.50 and a beta of 0.68. The stock's fifty day simple moving average is $69.99 and its 200 day simple moving average is $70.14. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, hitting the consensus estimate of $0.99. The business had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.58 billion. NextEra Energy had a return on equity of 12.06% and a net margin of 21.81%. The business's quarterly revenue was up 9.0% on a year-over-year basis. During the same period last year, the company posted $0.91 EPS. On average, equities research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were given a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy's dividend payout ratio (DPR) is currently 85.02%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.