Peoples Bank KS Reduces Stake in NextEra Energy, Inc. $NEE

Peoples Bank KS lessened its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 79.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,446 shares of the utilities provider’s stock after selling 16,731 shares during the quarter. Peoples Bank KS’s holdings in NextEra Energy were worth $336,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Arkfeld Wealth Strategies L.L.C. grew its stake in shares of NextEra Energy by 0.9% during the 2nd quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,249 shares of the utilities provider’s stock valued at $1,140,000 after purchasing an additional 136 shares during the period. Veltria Advisors Corp. boosted its holdings in shares of NextEra Energy by 4.8% in the second quarter. Veltria Advisors Corp. now owns 3,024 shares of the utilities provider’s stock worth $210,000 after buying an additional 139 shares during the last quarter. Pine Haven Investment Counsel Inc boosted its holdings in shares of NextEra Energy by 2.3% in the second quarter. Pine Haven Investment Counsel Inc now owns 6,350 shares of the utilities provider’s stock worth $441,000 after buying an additional 140 shares during the last quarter. McKinley Carter Wealth Services Inc. grew its position in NextEra Energy by 0.4% during the second quarter. McKinley Carter Wealth Services Inc. now owns 33,925 shares of the utilities provider’s stock valued at $2,355,000 after buying an additional 142 shares during the period. Finally, Tradition Wealth Management LLC increased its holdings in NextEra Energy by 2.2% during the first quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider’s stock valued at $470,000 after buying an additional 143 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Insider Buying and Selling at NextEra Energy

In related news, CEO Armando Pimentel, Jr. sold 145,140 shares of the firm’s stock in a transaction on Monday, November 17th. The shares were sold at an average price of $83.91, for a total transaction of $12,178,697.40. Following the completion of the transaction, the chief executive officer directly owned 162,693 shares of the company’s stock, valued at approximately $13,651,569.63. This trade represents a 47.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Charles E. Sieving sold 11,336 shares of NextEra Energy stock in a transaction on Friday, October 3rd. The shares were sold at an average price of $80.00, for a total transaction of $906,880.00. Following the completion of the sale, the executive vice president owned 167,481 shares in the company, valued at approximately $13,398,480. This represents a 6.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 157,322 shares of company stock valued at $13,148,943 in the last three months. 0.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

NEE has been the topic of several analyst reports. BMO Capital Markets reiterated an “outperform” rating and set a $89.00 price target (down previously from $90.00) on shares of NextEra Energy in a research note on Wednesday, December 10th. Mizuho raised their target price on NextEra Energy from $78.00 to $88.00 and gave the stock a “neutral” rating in a report on Monday, October 27th. TD Cowen initiated coverage on NextEra Energy in a report on Thursday, October 16th. They set a “buy” rating and a $98.00 price target for the company. BTIG Research restated a “buy” rating and issued a $100.00 price target on shares of NextEra Energy in a research report on Tuesday, December 9th. Finally, Cowen assumed coverage on NextEra Energy in a research note on Wednesday, October 15th. They issued a “buy” rating on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, NextEra Energy currently has a consensus rating of “Moderate Buy” and an average target price of $91.56.

NextEra Energy Trading Down 1.2%

Shares of NEE stock opened at $80.33 on Thursday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.45 and a current ratio of 0.55. The stock has a fifty day simple moving average of $83.56 and a two-hundred day simple moving average of $76.86. The firm has a market capitalization of $167.29 billion, a PE ratio of 25.58, a PEG ratio of 2.73 and a beta of 0.74. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $87.53.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.13 EPS for the quarter, beating the consensus estimate of $1.04 by $0.09. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The business had revenue of $7.97 billion for the quarter, compared to the consensus estimate of $8.13 billion. During the same period in the previous year, the business earned $1.03 earnings per share. The business’s revenue was up 5.3% on a year-over-year basis. On average, analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 21st were issued a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Friday, November 21st. NextEra Energy’s dividend payout ratio (DPR) is 72.29%.

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.