NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by Norway Savings Bank

Norway Savings Bank lifted its stake in NextEra Energy, Inc. (NYSE:NEE) by 2.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,879 shares of the utilities provider’s stock after purchasing an additional 431 shares during the quarter. Norway Savings Bank’s holdings in NextEra Energy were worth $1,849,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Cliftonlarsonallen Wealth Advisors LLC increased its holdings in shares of NextEra Energy by 9.3% in the third quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 37,300 shares of the utilities provider’s stock valued at $3,153,000 after purchasing an additional 3,185 shares during the period. Cornell Pochily Investment Advisors Inc. purchased a new position in shares of NextEra Energy during the third quarter worth $765,000. Allen Mooney & Barnes Investment Advisors LLC lifted its position in NextEra Energy by 4.4% during the third quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 10,942 shares of the utilities provider’s stock valued at $925,000 after purchasing an additional 463 shares during the period. Creative Planning boosted its holdings in NextEra Energy by 2.4% in the third quarter. Creative Planning now owns 831,170 shares of the utilities provider’s stock valued at $70,082,000 after purchasing an additional 19,698 shares during the last quarter. Finally, Wesbanco Bank Inc. grew its position in NextEra Energy by 13.4% during the 3rd quarter. Wesbanco Bank Inc. now owns 292,202 shares of the utilities provider’s stock worth $24,700,000 after purchasing an additional 34,464 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total value of $50,646.26. Following the sale, the executive vice president now owns 100 shares of the company’s stock, valued at approximately $7,697. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.18% of the company’s stock.

NextEra Energy Stock Performance

Shares of NEE stock traded up $0.91 during trading hours on Tuesday, hitting $83.82. The stock had a trading volume of 2,893,092 shares, compared to its average volume of 10,771,707. The stock’s 50 day moving average is $81.30 and its 200 day moving average is $75.03. The firm has a market capitalization of $172.21 billion, a PE ratio of 22.86, a PEG ratio of 2.92 and a beta of 0.56. NextEra Energy, Inc. has a twelve month low of $50.95 and a twelve month high of $86.10. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.96 EPS for the quarter, topping the consensus estimate of $0.93 by $0.03. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The business had revenue of $6.07 billion during the quarter, compared to analysts’ expectations of $7.29 billion. During the same quarter in the prior year, the business earned $0.88 earnings per share. As a group, research analysts forecast that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were issued a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 2.46%. The ex-dividend date was Friday, August 30th. NextEra Energy’s payout ratio is 56.13%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. BMO Capital Markets upped their target price on NextEra Energy from $79.00 to $83.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Citigroup raised their price objective on shares of NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. Dbs Bank cut shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. Jefferies Financial Group began coverage on shares of NextEra Energy in a research report on Thursday, September 19th. They set a “hold” rating and a $87.00 price target on the stock. Finally, Morgan Stanley upped 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. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $83.07.

NextEra Energy 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.