NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Bank of Stockton

Bank of Stockton decreased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 6.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,907 shares of the utilities provider’s stock after selling 814 shares during the period. Bank of Stockton’s holdings in NextEra Energy were worth $1,006,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Intech Investment Management LLC lifted its stake in shares of NextEra Energy by 35.7% in the first quarter. Intech Investment Management LLC now owns 100,308 shares of the utilities provider’s stock valued at $6,411,000 after purchasing an additional 26,382 shares during the period. Border to Coast Pensions Partnership Ltd raised its stake in shares of NextEra Energy by 2.2% during the 3rd quarter. Border to Coast Pensions Partnership Ltd now owns 1,216,077 shares of the utilities provider’s stock worth $102,495,000 after buying an additional 26,270 shares during the last quarter. Ancora Advisors LLC raised its stake in shares of NextEra Energy by 10.6% during the 1st quarter. Ancora Advisors LLC now owns 79,994 shares of the utilities provider’s stock worth $5,112,000 after buying an additional 7,677 shares during the last quarter. Magnolia Capital Advisors LLC lifted its holdings in shares of NextEra Energy by 1,224.3% in the second quarter. Magnolia Capital Advisors LLC now owns 72,453 shares of the utilities provider’s stock valued at $5,130,000 after purchasing an additional 66,982 shares in the last quarter. Finally, Raymond James & Associates raised its position in shares of NextEra Energy by 57.0% during the 2nd quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider’s stock worth $421,831,000 after purchasing an additional 2,163,437 shares during the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Price Performance

Shares of NextEra Energy stock traded up $0.04 during mid-day trading on Friday, reaching $82.85. 1,602,105 shares of the stock were exchanged, compared to its average volume of 10,709,450. The company has a market cap of $170.22 billion, a price-to-earnings ratio of 22.53, a price-to-earnings-growth ratio of 2.92 and a beta of 0.56. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15. The firm has a 50-day simple moving average of $82.30 and a 200 day simple moving average of $76.01. NextEra Energy, Inc. has a fifty-two week low of $53.81 and a fifty-two week high of $86.10.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.05. The company had revenue of $7.57 billion for the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.94 EPS. On average, sell-side analysts predict that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 2.49%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s payout ratio is 56.13%.

Insider Buying and Selling

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total transaction of $50,646.26. Following the sale, the executive vice president now directly owns 100 shares in the company, valued at approximately $7,697. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.18% of the stock is owned by insiders.

Wall Street Analyst Weigh In

NEE has been the topic of several recent analyst reports. Citigroup upped their price objective on shares of NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. Dbs Bank lowered NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. Morgan Stanley increased their price objective on shares of NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. BMO Capital Markets increased their price objective on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Finally, Guggenheim raised their price objective on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $86.38.

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.