First National Advisers LLC Acquires 11,039 Shares of NextEra Energy, Inc. (NYSE:NEE)

First National Advisers LLC lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEEFree Report) by 13.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 95,478 shares of the utilities provider’s stock after purchasing an additional 11,039 shares during the quarter. NextEra Energy makes up about 1.1% of First National Advisers LLC’s holdings, making the stock its 14th biggest position. First National Advisers LLC’s holdings in NextEra Energy were worth $6,769,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC lifted its holdings in NextEra Energy by 7.0% in the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock worth $2,028,000 after purchasing an additional 1,840 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in NextEra Energy by 6.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock valued at $348,000 after purchasing an additional 298 shares during the last quarter. New Age Alpha Advisors LLC bought a new position in shares of NextEra Energy in the fourth quarter valued at approximately $193,000. Brown Brothers Harriman & Co. lifted its stake in shares of NextEra Energy by 13.1% in the fourth quarter. Brown Brothers Harriman & Co. now owns 38,169 shares of the utilities provider’s stock worth $2,736,000 after buying an additional 4,426 shares during the last quarter. Finally, Allstate Corp bought a new stake in shares of NextEra Energy during the 4th quarter worth $4,370,000. Institutional investors own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on NEE. HSBC dropped their target price on shares of NextEra Energy from $88.00 to $86.00 and set a “buy” rating on the stock in a report on Friday, July 11th. BMO Capital Markets lifted their price objective on NextEra Energy from $77.00 to $81.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. UBS Group decreased their target price on NextEra Energy from $94.00 to $84.00 and set a “buy” rating for the company in a research note on Friday, May 23rd. Erste Group Bank lowered NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 8th. Finally, Morgan Stanley cut their price target on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a report on Wednesday, June 18th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $84.42.

Check Out Our Latest Stock Analysis on NEE

Insider Activity at NextEra Energy

In related news, Treasurer James Michael May sold 2,177 shares of the business’s stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total value of $168,717.50. Following 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction, the executive vice president owned 196,817 shares of the company’s stock, valued at $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.20% of the stock is owned by company insiders.

NextEra Energy Trading Down 0.2%

Shares of NEE stock opened at $71.83 on Friday. The firm has a fifty day moving average of $72.23 and a 200-day moving average of $70.43. The stock has a market cap of $147.92 billion, a price-to-earnings ratio of 25.12, a P/E/G ratio of 2.53 and a beta of 0.67. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.10. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54.

NextEra Energy (NYSE:NEEGet Free Report) last posted its 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 net margin of 22.84% and a return on equity of 12.31%. The business had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.52 billion. During the same quarter in the previous year, the firm posted $0.96 earnings per share. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. On average, equities research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, August 28th will be issued a $0.5665 dividend. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.15%. NextEra Energy’s payout ratio is presently 79.02%.

About NextEra Energy

(Free Report)

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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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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