NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Camden National Bank

Camden National Bank trimmed its position in NextEra Energy, Inc. (NYSE:NEE) by 3.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 172,628 shares of the utilities provider’s stock after selling 5,899 shares during the quarter. NextEra Energy comprises approximately 2.1% of Camden National Bank’s holdings, making the stock its 8th largest position. Camden National Bank’s holdings in NextEra Energy were worth $14,592,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Border to Coast Pensions Partnership Ltd lifted its stake in shares of NextEra Energy by 2.2% in the third 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. Swiss National Bank raised its stake in NextEra Energy by 0.4% during the 3rd quarter. Swiss National Bank now owns 6,098,200 shares of the utilities provider’s stock valued at $515,481,000 after purchasing an additional 21,400 shares during the last quarter. Ancora Advisors LLC raised its stake in NextEra Energy by 10.6% during the 1st quarter. Ancora Advisors LLC now owns 79,994 shares of the utilities provider’s stock valued at $5,112,000 after purchasing an additional 7,677 shares during the last quarter. Magnolia Capital Advisors LLC raised its stake in NextEra Energy by 1,224.3% during the 2nd 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 during the last quarter. Finally, Raymond James & Associates raised its stake 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 valued at $421,831,000 after purchasing an additional 2,163,437 shares during the last quarter. 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 4,007 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the sale, the executive vice president now owns 15,792 shares of the company’s stock, valued at $1,193,401.44. This represents a 20.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.18% of the stock is owned by insiders.

NextEra Energy Stock Down 1.1 %

NEE opened at $76.00 on Friday. The firm’s 50-day simple moving average is $80.90 and its 200-day simple moving average is $77.67. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. NextEra Energy, Inc. has a twelve month low of $53.95 and a twelve month high of $86.10. The firm has a market cap of $156.29 billion, a price-to-earnings ratio of 22.49, a PEG ratio of 2.79 and a beta of 0.57.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.05. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The business had revenue of $7.57 billion for the quarter, compared to analyst estimates of $8.11 billion. During the same quarter in the prior year, the firm earned $0.94 EPS. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. Equities research analysts anticipate that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be issued a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 2.71%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s payout ratio is 60.95%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Guggenheim upped their target price on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. JPMorgan Chase & Co. upped their target price on shares of NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Morgan Stanley cut their target price on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a research note on Friday. Bank of America upped their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. Finally, Scotiabank boosted their price target on shares of NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $86.85.

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.