Norway Savings Bank Buys 1,775 Shares of NextEra Energy, Inc. (NYSE:NEE)

Norway Savings Bank lifted its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 13.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,339 shares of the utilities provider’s stock after acquiring an additional 1,775 shares during the quarter. Norway Savings Bank’s holdings in NextEra Energy were worth $1,138,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sageworth Trust Co boosted its stake in shares of NextEra Energy by 1,794.1% during the 1st quarter. Sageworth Trust Co now owns 322 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 305 shares during the period. Your Advocates Ltd. LLP bought a new position in shares of NextEra Energy during the 1st quarter worth approximately $31,000. Magellan Asset Management Ltd bought a new position in shares of NextEra Energy during the 1st quarter worth approximately $32,000. Ahrens Investment Partners LLC bought a new position in shares of NextEra Energy during the 1st quarter worth approximately $35,000. Finally, Portland Hill Asset Management Ltd bought a new position in shares of NextEra Energy during the 4th quarter worth approximately $39,000. 76.48% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on NEE. The Goldman Sachs Group began coverage on NextEra Energy in a report on Wednesday, June 7th. They set a “buy” rating and a $90.00 price target for the company. StockNews.com began coverage on NextEra Energy in a report on Thursday, August 17th. They set a “hold” rating for the company. Royal Bank of Canada dropped their price target on NextEra Energy from $90.00 to $89.00 and set an “outperform” rating for the company in a report on Wednesday, September 6th. JPMorgan Chase & Co. dropped their price target on NextEra Energy from $85.00 to $80.00 and set an “overweight” rating for the company in a report on Wednesday, August 30th. Finally, Guggenheim dropped their price target on NextEra Energy from $92.00 to $86.00 in a report on Friday, July 7th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $87.90.

Insider Activity at NextEra Energy

In related news, Director James Lawrence Camaren bought 4,000 shares of NextEra Energy stock in a transaction that occurred on Tuesday, August 15th. The shares were acquired at an average cost of $67.85 per share, for a total transaction of $271,400.00. Following the completion of the acquisition, the director now directly owns 8,000 shares of the company’s stock, valued at approximately $542,800. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other NextEra Energy news, Director James Lawrence Camaren purchased 4,000 shares of the business’s stock in a transaction on Tuesday, August 15th. The shares were purchased at an average cost of $67.85 per share, for a total transaction of $271,400.00. Following the acquisition, the director now owns 8,000 shares of the company’s stock, valued at $542,800. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Kirk S. Hachigian purchased 10,000 shares of the business’s stock in a transaction on Thursday, August 17th. The shares were acquired at an average price of $67.95 per share, for a total transaction of $679,500.00. Following the completion of the acquisition, the director now directly owns 15,000 shares in the company, valued at approximately $1,019,250. The disclosure for this purchase can be found here. 0.38% of the stock is currently owned by company insiders.

NextEra Energy Trading Down 0.9 %

Shares of NYSE:NEE traded down $0.64 during midday trading on Friday, hitting $68.64. 18,391,418 shares of the stock were exchanged, compared to its average volume of 8,218,203. The stock has a market capitalization of $138.91 billion, a price-to-earnings ratio of 16.99, a P/E/G ratio of 2.63 and a beta of 0.47. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.45 and a current ratio of 0.53. The business’s 50-day moving average price is $69.78 and its 200 day moving average price is $73.40. NextEra Energy, Inc. has a 12 month low of $65.36 and a 12 month high of $88.61.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Tuesday, July 25th. The utilities provider reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.07. The company had revenue of $7.35 billion for the quarter, compared to analysts’ expectations of $6.68 billion. NextEra Energy had a return on equity of 12.25% and a net margin of 30.05%. During the same period in the previous year, the business posted $0.81 earnings per share. Analysts predict that NextEra Energy, Inc. will post 3.11 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Wednesday, August 30th were issued a $0.4675 dividend. This represents a $1.87 annualized dividend and a yield of 2.72%. The ex-dividend date of this dividend was Tuesday, August 29th. NextEra Energy’s payout ratio is presently 46.29%.

NextEra Energy Company 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, coal, and natural gas facilities. 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.