Parkside Financial Bank & Trust Cuts Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Parkside Financial Bank & Trust decreased its stake in NextEra Energy, Inc. (NYSE:NEE) by 1.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,476 shares of the utilities provider’s stock after selling 435 shares during the quarter. Parkside Financial Bank & Trust’s holdings in NextEra Energy were worth $1,946,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC raised its stake in NextEra Energy by 33.3% in the 4th quarter. International Assets Investment Management LLC now owns 35,783 shares of the utilities provider’s stock valued at $2,173,000 after purchasing an additional 8,949 shares during the last quarter. Aveo Capital Partners LLC boosted its position in NextEra Energy by 17.7% during the fourth quarter. Aveo Capital Partners LLC now owns 8,033 shares of the utilities provider’s stock worth $488,000 after acquiring an additional 1,206 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in NextEra Energy by 2.8% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 12,116 shares of the utilities provider’s stock valued at $736,000 after acquiring an additional 331 shares in the last quarter. Gryphon Financial Partners LLC raised its holdings in NextEra Energy by 49.7% in the 4th quarter. Gryphon Financial Partners LLC now owns 12,181 shares of the utilities provider’s stock valued at $754,000 after acquiring an additional 4,046 shares during the last quarter. Finally, Ethos Financial Group LLC lifted its stake in NextEra Energy by 3.5% in the 4th quarter. Ethos Financial Group LLC now owns 11,052 shares of the utilities provider’s stock worth $671,000 after purchasing an additional 378 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on NEE shares. Citigroup increased their price target on NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, June 27th. JPMorgan Chase & Co. raised their price objective on shares of NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Wells Fargo & Company raised their price target on shares of NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a report on Tuesday. Barclays increased their price objective on NextEra Energy from $75.00 to $76.00 and gave the stock an “equal weight” rating in a research report on Friday, August 16th. Finally, Mizuho downgraded NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 target price on the stock. in a research report on Wednesday, June 12th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, NextEra Energy presently has a consensus rating of “Moderate Buy” and an average price target of $81.50.

Insiders Place Their Bets

In related news, EVP Nicole J. Daggs sold 658 shares of the business’s stock in a transaction 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 completion of the transaction, the executive vice president now owns 100 shares in the company, valued at $7,697. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.18% of the stock is currently owned by company insiders.

NextEra Energy Stock Up 0.5 %

NEE traded up $0.41 during trading hours on Friday, hitting $80.74. 1,449,572 shares of the company’s stock were exchanged, compared to its average volume of 10,966,601. The firm has a market cap of $165.88 billion, a P/E ratio of 21.89, a price-to-earnings-growth ratio of 2.92 and a beta of 0.54. NextEra Energy, Inc. has a 12-month low of $47.15 and a 12-month high of $82.14. 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 moving average of $75.95 and a 200 day moving average of $70.14.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. The business had revenue of $6.07 billion for the quarter, compared to analyst estimates of $7.29 billion. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. During the same quarter in the prior year, the company earned $0.88 earnings per share. Analysts predict that NextEra Energy, Inc. will post 3.39 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be issued a $0.515 dividend. The ex-dividend date is Friday, August 30th. This represents a $2.06 annualized dividend and a yield of 2.55%. NextEra Energy’s dividend payout ratio (DPR) is 56.13%.

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.