NextEra Energy, Inc. $NEE Shares Sold by Tompkins Financial Corp

Key Points

• Tompkins Financial Corp reduced its stake in NextEra Energy by 41.9% in Q2, bringing its holdings down to 5,555 shares worth $386,000.
• Several large investors, including Swedbank AB and Farmers & Merchants Trust Co, have recently increased their positions in NextEra Energy, reflecting growing institutional interest in the company.
• The stock has received mixed ratings from analysts, with a consensus target price of $84.00 and 1 Strong Buy, 9 Buy, and 6 Hold ratings given.

Tompkins Financial Corp cut its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 41.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,555 shares of the utilities provider's stock after selling 4,000 shares during the period. Tompkins Financial Corp's holdings in NextEra Energy were worth $386,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of NEE. Somerset Trust Co increased its stake in shares of NextEra Energy by 5.2% during the first quarter. Somerset Trust Co now owns 89,709 shares of the utilities provider's stock worth $6,359,000 after buying an additional 4,445 shares during the period. Avity Investment Management Inc. increased its stake in shares of NextEra Energy by 1.7% during the second quarter. Avity Investment Management Inc. now owns 506,515 shares of the utilities provider's stock worth $35,162,000 after buying an additional 8,565 shares during the period. Integrity Alliance LLC. increased its stake in shares of NextEra Energy by 41.8% during the first quarter. Integrity Alliance LLC. now owns 25,092 shares of the utilities provider's stock worth $1,779,000 after buying an additional 7,401 shares during the period. Elyxium Wealth LLC purchased a new stake in shares of NextEra Energy during the first quarter worth approximately $783,000. Finally, Czech National Bank increased its stake in shares of NextEra Energy by 6.5% during the second quarter. Czech National Bank now owns 503,202 shares of the utilities provider's stock worth $34,932,000 after buying an additional 30,878 shares during the period. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Price Performance

Shares of NEE stock traded up $0.25 during mid-day trading on Friday, reaching $71.04. The stock had a trading volume of 14,817,505 shares, compared to its average volume of 9,176,082. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10. The company has a market cap of $146.29 billion, a P/E ratio of 24.84, a price-to-earnings-growth ratio of 2.45 and a beta of 0.65. The business has a 50-day simple moving average of $72.77 and a 200 day simple moving average of $71.06. The company has a current ratio of 0.54, a quick ratio of 0.45 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 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.04. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The business had revenue of $6.70 billion during the quarter, compared to analysts' expectations of $7.52 billion. During the same quarter last year, the business posted $0.96 earnings per share. The business's revenue for the quarter was up 10.4% on a year-over-year basis. On average, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were given a $0.5665 dividend. The ex-dividend date was Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.2%. NextEra Energy's dividend payout ratio (DPR) is currently 79.02%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NEE. Melius Research upgraded shares of NextEra Energy to a "strong-buy" rating in a research note on Wednesday, August 20th. Morgan Stanley reaffirmed an "overweight" rating on shares of 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. 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. Finally, Mizuho set a $78.00 price target on NextEra Energy in a report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to MarketBeat.com, NextEra Energy presently has a consensus rating of "Moderate Buy" and an average price target of $84.00.

Insider Transactions at NextEra Energy

In related news, EVP Michael Dunne sold 10,000 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $70.79, for a total transaction of $707,900.00. Following the sale, the executive vice president owned 62,064 shares of the company's stock, valued at $4,393,510.56. This trade represents a 13.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark Lemasney sold 846 shares of the stock in a transaction on Friday, September 12th. The shares were sold at an average price of $71.90, for a total value of $60,827.40. Following the sale, the executive vice president directly owned 10,113 shares in the company, valued at approximately $727,124.70. The trade was a 7.72% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 20,523 shares of company stock worth $1,476,245. Corporate insiders own 0.20% of the company's stock.

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.