Camden National Bank Has $12.28 Million Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Camden National Bank reduced its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 171,331 shares of the utilities provider’s stock after selling 1,297 shares during the period. NextEra Energy comprises about 1.8% of Camden National Bank’s portfolio, making the stock its 16th largest holding. Camden National Bank’s holdings in NextEra Energy were worth $12,283,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NEE. Howard Capital Management Group LLC increased its stake in NextEra Energy by 1.8% during the 3rd quarter. Howard Capital Management Group LLC now owns 299,215 shares of the utilities provider’s stock valued at $25,293,000 after purchasing an additional 5,409 shares in the last quarter. Graypoint LLC grew its holdings in shares of NextEra Energy by 7.3% during the third quarter. Graypoint LLC now owns 18,693 shares of the utilities provider’s stock valued at $1,580,000 after buying an additional 1,268 shares during the last quarter. Trinity Legacy Partners LLC bought a new stake in shares of NextEra Energy during the third quarter worth about $228,000. Sittner & Nelson LLC raised its holdings in shares of NextEra Energy by 4.2% in the 3rd quarter. Sittner & Nelson LLC now owns 3,936 shares of the utilities provider’s stock worth $333,000 after acquiring an additional 160 shares during the last quarter. Finally, Verity Asset Management Inc. acquired a new stake in shares of NextEra Energy in the 3rd quarter worth about $294,000. Institutional investors own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Morgan Stanley boosted their price objective on NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Evercore ISI decreased their price target on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a report on Monday, January 27th. BMO Capital Markets raised their price objective on NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. JPMorgan Chase & Co. reduced their target price on shares of NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Finally, Scotiabank raised their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $85.85.

NextEra Energy Stock Up 4.1 %

NEE opened at $72.86 on Friday. NextEra Energy, Inc. has a twelve month low of $56.31 and a twelve month high of $86.10. The company’s 50-day moving average price is $70.30 and its two-hundred day moving average price is $76.07. The stock has a market cap of $149.88 billion, a price-to-earnings ratio of 21.62, a PEG ratio of 2.45 and a beta of 0.58. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. As a group, equities analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.5665 per share. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date is Friday, February 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.11%. NextEra Energy’s dividend payout ratio is presently 67.06%.

Insider Buying and Selling

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total transaction of $162,258.47. Following the sale, the chief accounting officer now directly owns 27,427 shares of the company’s stock, valued at $1,867,504.43. This represents a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is currently owned by insiders.

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.