First Western Trust Bank trimmed its position in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) by 6.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 77,975 shares of the utilities provider’s stock after selling 5,144 shares during the period. First Western Trust Bank’s holdings in NextEra Energy were worth $5,786,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of NEE. Sageworth Trust Co lifted its position in shares of NextEra Energy by 1,794.1% during the first quarter. Sageworth Trust Co now owns 322 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 305 shares in the last quarter. Alaska Permanent Fund Corp bought a new stake in NextEra Energy during the second quarter valued at $26,000. Magellan Asset Management Ltd bought a new stake in NextEra Energy during the first quarter valued at $32,000. Tower View Wealth Management LLC bought a new stake in NextEra Energy during the second quarter valued at $35,000. Finally, Mizuho Securities Co. Ltd. boosted its stake in NextEra Energy by 444.4% during the second quarter. Mizuho Securities Co. Ltd. now owns 490 shares of the utilities provider’s stock valued at $36,000 after buying an additional 400 shares during the period. 76.48% of the stock is owned by institutional investors.
Insider Transactions at NextEra Energy
In related news, major shareholder Nextera Energy Inc acquired 3,097,524 shares of NextEra Energy stock in a transaction dated Friday, October 6th. The stock was purchased at an average cost of $24.21 per share, for a total transaction of $74,991,056.04. Following the purchase, the insider now directly owns 4,097,524 shares of the company’s stock, valued at approximately $99,201,056.04. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.38% of the stock is currently owned by company insiders.
NextEra Energy Stock Down 0.3 %
NextEra Energy (NYSE:NEE – Get Free Report) last released its quarterly earnings results on Tuesday, October 24th. The utilities provider reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.08. The firm had revenue of $7.17 billion for the quarter, compared to analysts’ expectations of $7.07 billion. NextEra Energy had a return on equity of 12.15% and a net margin of 27.82%. The company’s revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.85 EPS. On average, equities research analysts forecast that NextEra Energy, Inc. will post 3.12 earnings per share for the current fiscal year.
NextEra Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, November 24th will be paid a $0.4675 dividend. The ex-dividend date is Wednesday, November 22nd. This represents a $1.87 annualized dividend and a dividend yield of 3.27%. NextEra Energy’s dividend payout ratio (DPR) is 49.47%.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on NEE shares. The Goldman Sachs Group dropped their price objective on NextEra Energy from $83.00 to $72.00 and set a “buy” rating for the company in a research note on Monday, October 2nd. Wells Fargo & Company dropped their price target on NextEra Energy from $105.00 to $84.00 in a research note on Monday, October 2nd. JPMorgan Chase & Co. dropped their price target on NextEra Energy from $85.00 to $80.00 and set an “overweight” rating for the company in a research note on Wednesday, August 30th. TheStreet lowered NextEra Energy from a “b-” rating to a “c+” rating in a research note on Monday, October 2nd. Finally, Scotiabank dropped their price target on NextEra Energy from $105.00 to $96.00 in a research note on Thursday, September 28th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.31.
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, coal, and natural gas facilities. 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.
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