Community Financial Services Group LLC Increases Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Community Financial Services Group LLC increased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 74,809 shares of the utilities provider’s stock after buying an additional 162 shares during the quarter. NextEra Energy comprises approximately 1.3% of Community Financial Services Group LLC’s portfolio, making the stock its 27th biggest holding. Community Financial Services Group LLC’s holdings in NextEra Energy were worth $6,324,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of NEE. Venture Visionary Partners LLC grew its stake in shares of NextEra Energy by 1.6% during the 3rd quarter. Venture Visionary Partners LLC now owns 140,726 shares of the utilities provider’s stock valued at $11,896,000 after buying an additional 2,265 shares during the period. Whittier Trust Co. of Nevada Inc. raised its holdings in NextEra Energy by 13.6% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 37,392 shares of the utilities provider’s stock valued at $3,161,000 after buying an additional 4,482 shares during the period. Whittier Trust Co. lifted its position in NextEra Energy by 3.6% during the third quarter. Whittier Trust Co. now owns 63,356 shares of the utilities provider’s stock valued at $5,355,000 after buying an additional 2,212 shares in the last quarter. Stewardship Advisors LLC purchased a new stake in NextEra Energy during the third quarter worth approximately $269,000. Finally, Border to Coast Pensions Partnership Ltd increased its position 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 acquiring an additional 26,270 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NEE has been the subject of several recent research reports. Dbs Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Jefferies Financial Group initiated coverage on NextEra Energy in a report on Thursday, September 19th. They issued a “hold” rating and a $87.00 price target for the company. Bank of America boosted their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Morgan Stanley raised their price target on shares of NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. Finally, Barclays boosted their price objective on shares of NextEra Energy from $76.00 to $80.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 1st. One analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $85.46.

NextEra Energy Stock Down 0.4 %

NYSE NEE traded down $0.35 on Monday, hitting $84.03. 7,027,443 shares of the stock traded hands, compared to its average volume of 10,770,144. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15. The stock has a 50-day moving average of $81.81 and a 200 day moving average of $75.61. NextEra Energy, Inc. has a twelve month low of $50.95 and a twelve month high of $86.10. The company has a market capitalization of $172.64 billion, a P/E ratio of 23.02, a price-to-earnings-growth ratio of 2.92 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.03. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The firm had revenue of $6.07 billion for the quarter, compared to analysts’ expectations of $7.29 billion. During the same period last year, the business posted $0.88 earnings per share. As a group, analysts expect that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.45%. NextEra Energy’s dividend payout ratio is presently 56.13%.

Insider Buying and Selling

In other news, EVP Nicole J. Daggs sold 658 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total transaction of $50,646.26. Following the completion of the transaction, the executive vice president now directly owns 100 shares of the company’s stock, valued at approximately $7,697. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is owned by company 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.