First American Trust FSB Sells 36,116 Shares of NextEra Energy, Inc. (NYSE:NEE)

Key Points

• First American Trust FSB has reduced its stake in NextEra Energy by 20.1%, selling 36,116 shares and now holding 143,273 shares valued at approximately $10.16 million.
• Wall Street analysts have lowered their price targets for NextEra Energy, with UBS Group reducing it from $94.00 to $84.00, while the average rating for the stock is a Moderate Buy with a price target of $84.42.
• NextEra Energy recently declared a quarterly dividend of $0.5665 per share, translating to an annualized dividend yield of 3.1% with a payout ratio of 79.37%.

First American Trust FSB lessened its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 20.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 143,273 shares of the utilities provider's stock after selling 36,116 shares during the quarter. First American Trust FSB's holdings in NextEra Energy were worth $10,157,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of NEE. Bellwether Advisors LLC bought a new stake in shares of NextEra Energy in the fourth quarter valued at about $30,000. IMA Advisory Services Inc. bought a new position in shares of NextEra Energy in the first quarter worth $35,000. Copia Wealth Management bought a new position in shares of NextEra Energy in the fourth quarter worth $36,000. CBIZ Investment Advisory Services LLC increased its position in shares of NextEra Energy by 237.7% in the first 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. Finally, Hughes Financial Services LLC bought a new position in shares of NextEra Energy in the first quarter worth $40,000. Institutional investors own 78.72% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on NEE. BMO Capital Markets raised their price target on NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Wells Fargo & Company decreased their price target on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. UBS Group decreased their price target on NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a research report on Friday, May 23rd. JPMorgan Chase & Co. decreased their price target on NextEra Energy from $86.00 to $82.00 in a research report on Thursday, July 3rd. Finally, Barclays raised 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. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $84.42.

NextEra Energy Price Performance

Shares of NEE stock traded up $0.02 on Thursday, hitting $72.32. 3,843,972 shares of the company's stock were exchanged, compared to its average volume of 11,839,658. 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 12 month low of $61.72 and a 12 month high of $86.10. The stock has a market cap of $148.94 billion, a P/E ratio of 25.29, a price-to-earnings-growth ratio of 2.47 and a beta of 0.63. The company has a 50 day moving average of $72.67 and a 200 day moving average of $70.59.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings data 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. 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%. NextEra Energy's quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.96 EPS. On average, equities research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Thursday, August 28th will be given a dividend of $0.5665 per share. The ex-dividend date is Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a yield of 3.1%. NextEra Energy's payout ratio is currently 79.37%.

Insiders Place Their Bets

In related news, Treasurer James Michael May sold 2,177 shares of the firm's stock in a transaction 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 directly owned 27,662 shares of the company's stock, valued at $2,143,805. This trade represents a 7.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Robert Coffey sold 7,500 shares of the firm's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $71.84, for a total value of $538,800.00. Following the transaction, the executive vice president directly owned 26,539 shares of the company's stock, valued at approximately $1,906,561.76. This represents a 22.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.20% of the company's stock.

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.