Pioneer Trust Bank N A OR Cuts Stake in NextEra Energy, Inc. (NYSE:NEE)

Pioneer Trust Bank N A OR lessened its holdings in NextEra Energy, Inc. (NYSE:NEE) by 0.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 77,950 shares of the utilities provider’s stock after selling 175 shares during the quarter. NextEra Energy accounts for 1.7% of Pioneer Trust Bank N A OR’s investment portfolio, making the stock its 26th biggest position. Pioneer Trust Bank N A OR’s holdings in NextEra Energy were worth $5,784,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Sageworth Trust Co grew its position in 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 last quarter. Your Advocates Ltd. LLP purchased a new stake in shares of NextEra Energy during the first quarter valued at approximately $31,000. Magellan Asset Management Ltd bought a new position in shares of NextEra Energy in the first quarter worth approximately $32,000. Ahrens Investment Partners LLC purchased a new position in shares of NextEra Energy in the first quarter worth $35,000. Finally, Portland Hill Asset Management Ltd purchased a new stake in NextEra Energy during the 4th quarter valued at $39,000. 76.48% of the stock is owned by institutional investors.

NextEra Energy Stock Performance

Shares of NEE stock traded down $0.04 during trading hours on Monday, reaching $68.60. The company had a trading volume of 2,246,309 shares, compared to its average volume of 8,183,566. 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 has a fifty day moving average price of $69.78 and a 200-day moving average price of $73.42. NextEra Energy, Inc. has a one year low of $65.36 and a one year high of $88.61. The firm has a market cap of $138.83 billion, a PE ratio of 16.99, a price-to-earnings-growth ratio of 2.66 and a beta of 0.47.

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, beating the consensus estimate of $0.81 by $0.07. NextEra Energy had a return on equity of 12.25% and a net margin of 30.05%. The firm had revenue of $7.35 billion for the quarter, compared to analysts’ expectations of $6.68 billion. During the same period in the prior year, the firm earned $0.81 EPS. Sell-side analysts predict that NextEra Energy, Inc. will post 3.12 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend was Tuesday, August 29th. NextEra Energy’s payout ratio is 46.29%.

Analysts Set New Price Targets

NEE has been the subject of a number of analyst reports. Guggenheim dropped their target price on shares of NextEra Energy from $92.00 to $86.00 in a report on Friday, July 7th. Royal Bank of Canada reduced their target price on NextEra Energy from $90.00 to $89.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 6th. The Goldman Sachs Group assumed coverage on shares of NextEra Energy in a report on Wednesday, June 7th. They issued a “buy” rating and a $90.00 price target on the stock. JPMorgan Chase & Co. decreased their price objective on shares of NextEra Energy from $85.00 to $80.00 and set an “overweight” rating for the company in a report on Wednesday, August 30th. Finally, Morgan Stanley reduced their price target on shares of NextEra Energy from $93.00 to $90.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 23rd. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $87.90.

Insider Activity at NextEra Energy

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

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.