American Trust Sells 9,200 Shares of NextEra Energy, Inc. (NYSE:NEE)

American Trust cut its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 17.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,315 shares of the utilities provider’s stock after selling 9,200 shares during the period. American Trust’s holdings in NextEra Energy were worth $3,746,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of NEE. Lantz Financial LLC increased its stake in NextEra Energy by 16.0% in the second quarter. Lantz Financial LLC now owns 13,047 shares of the utilities provider’s stock valued at $924,000 after acquiring an additional 1,795 shares during the period. Swedbank AB boosted its holdings in NextEra Energy by 53.2% during the second quarter. Swedbank AB now owns 496,886 shares of the utilities provider’s stock valued at $35,184,000 after purchasing an additional 172,640 shares in the last quarter. Triad Wealth Partners LLC bought a new stake in shares of NextEra Energy in the 2nd quarter valued at approximately $128,000. Blue Trust Inc. raised its holdings in shares of NextEra Energy by 19.3% in the 2nd quarter. Blue Trust Inc. now owns 25,913 shares of the utilities provider’s stock worth $1,835,000 after buying an additional 4,196 shares in the last quarter. Finally, Brookstone Capital Management lifted its position in shares of NextEra Energy by 6.5% during the 2nd quarter. Brookstone Capital Management now owns 75,754 shares of the utilities provider’s stock worth $5,371,000 after buying an additional 4,602 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Performance

NEE stock opened at $73.22 on Friday. The business’s fifty day moving average is $78.61 and its 200-day moving average is $77.76. The company has a market cap of $150.57 billion, a P/E ratio of 21.66, a price-to-earnings-growth ratio of 2.67 and a beta of 0.56. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. NextEra Energy, Inc. has a twelve month low of $53.95 and a twelve month high of $86.10.

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

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be issued a dividend of $0.515 per share. The ex-dividend date is Friday, November 22nd. This represents a $2.06 annualized dividend and a yield of 2.81%. NextEra Energy’s dividend payout ratio is presently 60.95%.

Insiders Place Their Bets

In other news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the sale, the executive vice president now owns 15,792 shares of the company’s stock, valued at $1,193,401.44. This represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Jefferies Financial Group initiated coverage on NextEra Energy in a research note on Thursday, September 19th. They set a “hold” rating and a $87.00 price objective for the company. Scotiabank increased their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research report on Thursday. Royal Bank of Canada lowered shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company raised their price objective on shares of NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a report on Tuesday, September 3rd. Finally, Barclays boosted their target price on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, NextEra Energy presently has a consensus rating of “Hold” and an average price target of $87.15.

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.