Park National Corp OH Acquires 14,517 Shares of NextEra Energy, Inc. $NEE

Key Points

• Park National Corp OH increased its stake in NextEra Energy by 4.4%, owning 348,102 shares valued at around $24.2 million as of the latest SEC filing.
• NextEra Energy reported $1.05 earnings per share for the last quarter, exceeding analyst expectations, but its revenue of $6.70 billion fell short of the estimated $7.52 billion.
• The company announced a quarterly dividend of $0.5665 per share, with a dividend yield of 3.2%, set to be paid on September 15th.

Park National Corp OH boosted its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 4.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 348,102 shares of the utilities provider's stock after buying an additional 14,517 shares during the period. Park National Corp OH's holdings in NextEra Energy were worth $24,165,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NEE. 1 North Wealth Services LLC acquired a new position in NextEra Energy during the first quarter worth $26,000. Nova Wealth Management Inc. bought a new position in NextEra Energy during the first quarter worth $32,000. IMA Advisory Services Inc. bought a new position in NextEra Energy during the first quarter worth $35,000. Copia Wealth Management bought a new position in NextEra Energy during the fourth quarter worth $36,000. Finally, Semmax Financial Advisors Inc. boosted its position in 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 purchasing an additional 392 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NEE has been the subject of a number of recent research reports. Melius initiated coverage on shares of NextEra Energy in a research report on Wednesday, August 20th. They issued a "buy" rating and a $77.00 target price for the company. Melius Research raised shares of NextEra Energy to a "strong-buy" rating in a research report on Wednesday, August 20th. HSBC cut their price objective on shares of NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a research report on Friday, July 11th. Morgan Stanley reissued an "overweight" rating on shares of NextEra Energy in a research note on Thursday, August 21st. Finally, Barclays boosted their target price on NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 10th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, NextEra Energy presently has an average rating of "Moderate Buy" and an average price target of $84.00.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Robert Coffey sold 7,500 shares of the business's stock in a transaction that occurred 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 completion of the sale, the executive vice president owned 26,539 shares in the company, valued at approximately $1,906,561.76. The trade was a 22.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Treasurer James Michael May sold 2,177 shares of the business's stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total value of $168,717.50. Following the completion of the sale, the treasurer owned 27,662 shares of the company's stock, valued at $2,143,805. The trade was a 7.30% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 20,523 shares of company stock worth $1,476,245. 0.18% of the stock is owned by corporate insiders.

NextEra Energy Stock Down 0.1%

NYSE NEE traded down $0.10 on Monday, reaching $71.54. The company had a trading volume of 10,397,182 shares, compared to its average volume of 9,308,457. The stock has a market capitalization of $147.32 billion, a P/E ratio of 25.01, a P/E/G ratio of 2.47 and a beta of 0.65. The company's fifty day moving average is $73.03 and its 200 day moving average is $71.08. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.10. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. The company had revenue of $6.70 billion for 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%. NextEra Energy's revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.96 EPS. Sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Thursday, August 28th will be given a $0.5665 dividend. The ex-dividend date is Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a yield of 3.2%. NextEra Energy's payout ratio is presently 79.37%.

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.