STAR Financial Bank Sells 200 Shares of NextEra Energy, Inc. (NYSE:NEE)

STAR Financial Bank lowered its stake in NextEra Energy, Inc. (NYSE:NEE) by 5.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,745 shares of the utilities provider’s stock after selling 200 shares during the quarter. STAR Financial Bank’s holdings in NextEra Energy were worth $239,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in NEE. GSG Advisors LLC boosted its holdings in NextEra Energy by 2.6% in the 1st quarter. GSG Advisors LLC now owns 6,509 shares of the utilities provider’s stock valued at $407,000 after purchasing an additional 162 shares in the last quarter. Greenfield Savings Bank increased its holdings in NextEra Energy by 0.5% in the fourth quarter. Greenfield Savings Bank now owns 32,220 shares of the utilities provider’s stock valued at $1,957,000 after buying an additional 163 shares in the last quarter. Prestige Wealth Management Group LLC raised its holdings in NextEra Energy by 2.5% during the first quarter. Prestige Wealth Management Group LLC now owns 6,729 shares of the utilities provider’s stock worth $430,000 after purchasing an additional 163 shares during the last quarter. Bay Harbor Wealth Management LLC grew its holdings in NextEra Energy by 22.7% in the fourth quarter. Bay Harbor Wealth Management LLC now owns 930 shares of the utilities provider’s stock valued at $56,000 after purchasing an additional 172 shares during the last quarter. Finally, MKT Advisors LLC grew its stake in NextEra Energy by 2.9% in the 4th quarter. MKT Advisors LLC now owns 6,233 shares of the utilities provider’s stock valued at $387,000 after acquiring an additional 173 shares during the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NEE has been the topic of a number of analyst reports. Evercore ISI increased their target price on NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a report on Wednesday, June 12th. Mizuho downgraded 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. Barclays lowered their price target on NextEra Energy from $73.00 to $72.00 and set an “equal weight” rating for the company in a report on Tuesday. StockNews.com raised shares of NextEra Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Finally, Morgan Stanley lifted their target price on NextEra Energy from $79.00 to $83.00 and gave the company an “overweight” rating in a report on Tuesday, May 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $77.50.

NextEra Energy Stock Up 1.1 %

NYSE:NEE traded up $0.78 on Wednesday, reaching $72.90. The stock had a trading volume of 6,473,152 shares, compared to its average volume of 11,742,412. NextEra Energy, Inc. has a 12-month low of $47.15 and a 12-month high of $80.47. The stock has a market cap of $149.78 billion, a P/E ratio of 19.86, a price-to-earnings-growth ratio of 2.47 and a beta of 0.54. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.12. The company has a 50-day moving average of $74.04 and a 200 day moving average of $65.10.

NextEra Energy (NYSE:NEE) last announced its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The business had revenue of $5.73 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same period in the previous year, the company earned $0.84 earnings per share. The company’s revenue for the quarter was down 14.7% compared to the same quarter last year. On average, research analysts predict that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.83%. The ex-dividend date of this dividend was Monday, June 3rd. NextEra Energy’s payout ratio 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.