NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by Norway Savings Bank

Norway Savings Bank lifted its position in NextEra Energy, Inc. (NYSE:NEE) by 4.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,112 shares of the utilities provider’s stock after acquiring an additional 1,071 shares during the period. Norway Savings Bank’s holdings in NextEra Energy were worth $1,709,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Bellwether Advisors LLC acquired a new stake in NextEra Energy during the 4th quarter worth $30,000. WealthTrak Capital Management LLC acquired a new position in NextEra Energy during the fourth quarter worth about $33,000. Copia Wealth Management acquired a new position in NextEra Energy during the fourth quarter worth about $36,000. Midwest Capital Advisors LLC acquired a new position in NextEra Energy during the fourth quarter worth about $44,000. Finally, Promus Capital LLC acquired a new position in NextEra Energy during the fourth quarter worth about $45,000. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Stock Up 0.1%

NYSE:NEE opened at $71.61 on Friday. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.32. The stock’s fifty day moving average is $69.57 and its two-hundred day moving average is $70.32. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10. The stock has a market capitalization of $147.41 billion, a price-to-earnings ratio of 26.82, a price-to-earnings-growth ratio of 2.52 and a beta of 0.68.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.99. The business had revenue of $6.25 billion for the quarter, compared to analysts’ expectations of $6.58 billion. NextEra Energy had a net margin of 21.81% and a return on equity of 12.06%. The business’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 earnings per share. Research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.5665 per share. The ex-dividend date was Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a yield of 3.16%. NextEra Energy’s dividend payout ratio (DPR) is presently 84.64%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Wells Fargo & Company lowered their target price on NextEra Energy from $102.00 to $97.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. Morgan Stanley lowered their target price on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a report on Wednesday. Erste Group Bank lowered NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 8th. UBS Group lowered their price objective on NextEra Energy from $94.00 to $84.00 and set a “buy” rating on the stock in a research note on Friday, May 23rd. Finally, Guggenheim reissued a “buy” rating and set a $89.00 price target on shares of NextEra Energy in a research report on Thursday, March 20th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, NextEra Energy has an average rating of “Moderate Buy” and a consensus price target of $84.50.

Insiders Place Their Bets

In other news, EVP Charles E. Sieving sold 23,684 shares of the stock in a transaction on Friday, May 9th. The stock was sold at an average price of $70.00, for a total value of $1,657,880.00. Following the sale, the executive vice president now directly owns 196,817 shares in the company, valued at approximately $13,777,190. This trade represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.20% of the stock is owned by company insiders.

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.