Atlantic Union Bankshares Corp Reduces Stake in NextEra Energy, Inc. (NYSE:NEE)

Atlantic Union Bankshares Corp lessened its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 100,301 shares of the utilities provider’s stock after selling 5,170 shares during the period. Atlantic Union Bankshares Corp’s holdings in NextEra Energy were worth $8,478,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. International Assets Investment Management LLC boosted its holdings in NextEra Energy by 8,641.5% during the 3rd quarter. International Assets Investment Management LLC now owns 3,861,208 shares of the utilities provider’s stock valued at $326,388,000 after acquiring an additional 3,817,037 shares during the period. Assenagon Asset Management S.A. grew its stake in NextEra Energy by 4,058.2% in the third quarter. Assenagon Asset Management S.A. now owns 2,366,795 shares of the utilities provider’s stock worth $200,065,000 after purchasing an additional 2,309,876 shares in the last quarter. Raymond James & Associates increased its holdings in 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 period. LGT Group Foundation raised its position in NextEra Energy by 962.8% during the 2nd quarter. LGT Group Foundation now owns 1,514,482 shares of the utilities provider’s stock valued at $107,240,000 after purchasing an additional 1,371,982 shares in the last quarter. Finally, Senator Investment Group LP lifted its holdings in shares of NextEra Energy by 5,094.5% in the 2nd quarter. Senator Investment Group LP now owns 1,019,629 shares of the utilities provider’s stock worth $72,200,000 after buying an additional 1,000,000 shares during the period. 78.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NEE has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their price target on shares of NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. BMO Capital Markets boosted their price objective on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Dbs Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Morgan Stanley cut their price target on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. Finally, Royal Bank of Canada cut NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $86.85.

NextEra Energy Stock Performance

Shares of NextEra Energy stock opened at $78.52 on Friday. The firm has a market capitalization of $161.47 billion, a P/E ratio of 23.23, a PEG ratio of 2.84 and a beta of 0.57. NextEra Energy, Inc. has a 52 week low of $53.95 and a 52 week high of $86.10. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. The company has a 50 day moving average price of $80.40 and a 200 day moving average price of $77.80.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. The firm had revenue of $7.57 billion for the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.94 earnings per share. Sell-side analysts expect that NextEra Energy, Inc. will post 3.41 EPS for the current year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.62%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is 60.95%.

Insider Activity at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the transaction, the executive vice president now owns 15,792 shares of the company’s stock, valued at $1,193,401.44. This trade represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.18% of the stock is owned by insiders.

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.