US Bancorp DE Sells 46,625 Shares of NextEra Energy, Inc. $NEE

Key Points

• US Bancorp DE reduced its stake in NextEra Energy by 1.6%, selling 46,625 shares, and now holds 2,914,327 shares worth approximately $202 million.
• Analysts have given NextEra Energy a consensus rating of "Moderate Buy" with a target price of $85.08, reflecting positive growth sentiment.
• NextEra Energy recently paid a quarterly dividend of $0.5665, resulting in an annualized yield of 2.7%.

US Bancorp DE lowered its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 1.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,914,327 shares of the utilities provider's stock after selling 46,625 shares during the period. US Bancorp DE owned about 0.14% of NextEra Energy worth $202,313,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in NEE. 1 North Wealth Services LLC acquired a new stake in NextEra Energy in the first quarter valued at $26,000. Nova Wealth Management Inc. acquired a new stake in NextEra Energy in the first quarter valued at $32,000. IMA Advisory Services Inc. acquired a new stake in NextEra Energy in the first quarter valued at $35,000. Semmax Financial Advisors Inc. lifted its stake in NextEra Energy by 335.0% in the first quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider's stock valued at $36,000 after acquiring an additional 392 shares during the last quarter. Finally, CBIZ Investment Advisory Services LLC lifted its stake in NextEra Energy by 237.7% in the first quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider's stock valued at $37,000 after acquiring an additional 366 shares during the last quarter. Institutional investors own 78.72% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Melius Research upgraded shares of NextEra Energy to a "strong-buy" rating in a research note on Wednesday, August 20th. Melius assumed coverage on shares of NextEra Energy in a research note on Wednesday, August 20th. They set a "buy" rating and a $77.00 target price for the company. Mizuho set a $78.00 target price on shares of NextEra Energy in a research note on Thursday, August 21st. BMO Capital Markets raised their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. Finally, Morgan Stanley restated an "overweight" rating and set a $95.00 target price (down previously from $96.00) on shares of NextEra Energy in a research note on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $85.08.

NextEra Energy Price Performance

Shares of NextEra Energy stock opened at $84.06 on Thursday. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.00. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36. The company has a 50-day simple moving average of $73.69 and a two-hundred day simple moving average of $71.53. The stock has a market capitalization of $173.10 billion, a price-to-earnings ratio of 29.39, a price-to-earnings-growth ratio of 2.87 and a beta of 0.66.

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 the consensus estimate of $1.01 by $0.04. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The business had revenue of $6.70 billion during the quarter, compared to analysts' expectations of $7.52 billion. During the same quarter in the previous year, the company earned $0.96 EPS. The business's revenue was up 10.4% on a year-over-year basis. Analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were issued a $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Thursday, August 28th. NextEra Energy's dividend payout ratio (DPR) is currently 79.02%.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Michael Dunne sold 10,000 shares of the firm's stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $70.79, for a total value of $707,900.00. Following the transaction, the executive vice president directly owned 62,064 shares of the company's stock, valued at $4,393,510.56. This trade represents a 13.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark Lemasney sold 846 shares of NextEra Energy stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $74.90, for a total transaction of $63,365.40. Following the sale, the executive vice president directly owned 9,267 shares in the company, valued at $694,098.30. This trade represents a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,705 shares of company stock worth $2,446,490. Corporate insiders own 0.20% of the company's stock.

NextEra Energy Company 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.

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