Fulton Bank N.A. Boosts Stake in NextEra Energy, Inc. (NYSE:NEE)

Fulton Bank N.A. boosted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 7.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 31,189 shares of the utilities provider’s stock after acquiring an additional 2,198 shares during the quarter. Fulton Bank N.A.’s holdings in NextEra Energy were worth $2,211,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in NextEra Energy by 1.0% in the fourth 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 acquired a new stake in shares of NextEra Energy in the 4th quarter worth approximately $3,484,197,000. Geode Capital Management LLC increased 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 purchasing an additional 1,359,268 shares in the last quarter. Northern Trust Corp raised its holdings in NextEra Energy by 9.6% during the fourth quarter. Northern Trust Corp now owns 23,090,426 shares of the utilities provider’s stock worth $1,655,353,000 after purchasing an additional 2,030,331 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in NextEra Energy by 4.2% during the 4th quarter. Bank of New York Mellon Corp now owns 14,523,786 shares of the utilities provider’s stock valued at $1,041,210,000 after acquiring an additional 588,038 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the transaction, the executive vice president now directly owns 196,817 shares of the company’s stock, valued at $13,777,190. The trade was a 10.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.20% of the company’s stock.

NextEra Energy Stock Down 0.8%

Shares of NEE opened at $70.07 on Tuesday. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10. The company’s fifty day moving average is $68.40 and its two-hundred day moving average is $70.71. The firm has a market cap of $144.24 billion, a PE ratio of 20.79, a price-to-earnings-growth ratio of 2.45 and a beta of 0.69. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE) 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 11.85% and a net margin of 28.06%. 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. Analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 3.23%. The ex-dividend date of this dividend is Monday, June 2nd. NextEra Energy’s dividend payout ratio is currently 84.64%.

Analyst Ratings Changes

Several research firms have recently commented on NEE. UBS Group lowered their price target on shares of NextEra Energy from $94.00 to $84.00 and set a “buy” rating on the stock in a research report on Friday, May 23rd. Erste Group Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 8th. Morgan Stanley restated an “overweight” rating on shares of NextEra Energy in a research report on Wednesday, April 23rd. BMO Capital Markets decreased their price objective on NextEra Energy from $84.00 to $77.00 and set an “outperform” rating on the stock in a research note on Monday, April 14th. Finally, Guggenheim reissued a “buy” rating and issued a $89.00 target price on shares of NextEra Energy in a research note on Thursday, March 20th. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $83.50.

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.