American National Bank & Trust Co. VA Acquires New Stake in NextEra Energy, Inc. (NYSE:NEE)

American National Bank & Trust Co. VA bought a new position in shares of NextEra Energy, Inc. (NYSE:NEE) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 75,392 shares of the utilities provider’s stock, valued at approximately $4,817,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Clear Investment Research LLC grew its stake in NextEra Energy by 387.2% during the 4th quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 364 shares in the last quarter. BOK Financial Private Wealth Inc. acquired a new position in shares of NextEra Energy during the 4th quarter worth about $29,000. Stuart Chaussee & Associates Inc. boosted its position in shares of NextEra Energy by 315.4% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 410 shares in the last quarter. Valued Wealth Advisors LLC acquired a new position in shares of NextEra Energy during the 4th quarter worth about $34,000. Finally, Rakuten Securities Inc. acquired a new position in shares of NextEra Energy during the 4th quarter worth about $34,000. 78.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Bank of America upped their price objective on NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 23rd. Mizuho cut NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price objective for the company. in a research report on Wednesday, June 12th. Scotiabank boosted their target price on NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a report on Monday, April 22nd. StockNews.com raised NextEra Energy from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. Finally, Citigroup boosted their target price on NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, June 27th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, NextEra Energy presently has an average rating of “Moderate Buy” and a consensus price target of $77.57.

NextEra Energy Stock Performance

NEE traded up $1.36 on Thursday, hitting $71.83. 4,487,233 shares of the company traded hands, compared to its average volume of 12,555,230. The company has a 50 day moving average of $73.53 and a 200-day moving average of $64.68. The company has a quick ratio of 0.43, a current ratio of 0.51 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $147.58 billion, a PE ratio of 19.57, a PEG ratio of 2.41 and a beta of 0.54. NextEra Energy, Inc. has a 12-month low of $47.15 and a 12-month high of $80.47.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, beating the consensus estimate of $0.80 by $0.11. The firm had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $6.28 billion. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The firm’s revenue was down 14.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.84 EPS. Sell-side analysts anticipate that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date was Monday, June 3rd. NextEra Energy’s dividend payout ratio (DPR) is 56.13%.

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.