Community Bank N.A. Grows Stake in NextEra Energy, Inc. (NYSE:NEE)

Community Bank N.A. increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 55,543 shares of the utilities provider’s stock after purchasing an additional 740 shares during the quarter. Community Bank N.A.’s holdings in NextEra Energy were worth $4,695,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the company. Quent Capital LLC lifted its holdings in shares of NextEra Energy by 11.6% in the second quarter. Quent Capital LLC now owns 5,594 shares of the utilities provider’s stock valued at $396,000 after purchasing an additional 580 shares in the last quarter. Lynx Investment Advisory acquired a new stake in NextEra Energy during the 2nd quarter valued at $140,000. Fulton Bank N.A. increased its position in NextEra Energy by 24.6% during the second quarter. Fulton Bank N.A. now owns 22,962 shares of the utilities provider’s stock worth $1,626,000 after buying an additional 4,530 shares in the last quarter. Olistico Wealth LLC acquired a new position in shares of NextEra Energy in the second quarter worth $122,000. Finally, Kingswood Wealth Advisors LLC lifted its position in shares of NextEra Energy by 44.3% in the second quarter. Kingswood Wealth Advisors LLC now owns 105,757 shares of the utilities provider’s stock valued at $7,489,000 after acquiring an additional 32,478 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Nicole J. Daggs sold 4,007 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the transaction, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. This represents a 20.24 % 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 corporate insiders.

Analysts Set New Price Targets

NEE has been the subject of several analyst reports. 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, November 22nd. Bank of America upped their price objective 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. BMO Capital Markets boosted their price target on NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Guggenheim raised their price objective on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, Wells Fargo & Company increased their target price on NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 3rd. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $86.85.

NextEra Energy Stock Performance

NYSE:NEE opened at $78.67 on Monday. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10. The stock has a market cap of $161.78 billion, a P/E ratio of 23.28, a PEG ratio of 2.84 and a beta of 0.57. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33. The firm has a 50-day moving average of $80.32 and a two-hundred day moving average of $77.85.

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

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is presently 60.95%.

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.