Piscataqua Savings Bank lowered its position in NextEra Energy, Inc. (NYSE:NEE – Free Report) by 1.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,797 shares of the utilities provider’s stock after selling 148 shares during the quarter. Piscataqua Savings Bank’s holdings in NextEra Energy were worth $727,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also added to or reduced their stakes in NEE. Charter Oak Capital Management LLC lifted its stake in NextEra Energy by 1.0% in the first quarter. Charter Oak Capital Management LLC now owns 13,474 shares of the utilities provider’s stock worth $1,039,000 after purchasing an additional 130 shares during the last quarter. Horan Securities Inc. raised its holdings in shares of NextEra Energy by 22.6% in the first quarter. Horan Securities Inc. now owns 710 shares of the utilities provider’s stock worth $55,000 after buying an additional 131 shares during the period. Nvest Financial LLC raised its holdings in shares of NextEra Energy by 1.1% in the first quarter. Nvest Financial LLC now owns 11,846 shares of the utilities provider’s stock worth $913,000 after buying an additional 132 shares during the period. White Pine Capital LLC lifted its stake in shares of NextEra Energy by 0.8% during the 1st quarter. White Pine Capital LLC now owns 16,348 shares of the utilities provider’s stock worth $1,260,000 after acquiring an additional 135 shares during the last quarter. Finally, Wimmer Associates 1 LLC boosted its holdings in NextEra Energy by 3.6% during the 1st quarter. Wimmer Associates 1 LLC now owns 3,935 shares of the utilities provider’s stock valued at $305,000 after acquiring an additional 135 shares during the period. Institutional investors own 76.48% of the company’s stock.
In other news, Director James Lawrence Camaren acquired 4,000 shares of NextEra Energy stock in a transaction dated Tuesday, August 15th. The stock was purchased at an average cost of $67.85 per share, for a total transaction of $271,400.00. Following the completion of the purchase, 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 the SEC website. In other NextEra Energy news, Director James Lawrence Camaren bought 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was bought at an average cost of $67.85 per share, for a total transaction of $271,400.00. Following the completion of the transaction, the director now directly owns 8,000 shares of the company’s stock, valued at approximately $542,800. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kirk S. Hachigian acquired 10,000 shares of NextEra Energy stock in a transaction on Thursday, August 17th. The shares were bought at an average price of $67.95 per share, with a total value of $679,500.00. Following the purchase, 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. Corporate insiders own 0.18% of the company’s stock.
NextEra Energy Trading Down 0.6 %
NextEra Energy (NYSE:NEE – Get Free Report) last posted its quarterly earnings data on Tuesday, July 25th. The utilities provider reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.07. The firm had revenue of $7.35 billion for the quarter, compared to the consensus estimate of $6.68 billion. NextEra Energy had a net margin of 30.05% and a return on equity of 12.25%. During the same quarter in the prior year, the company posted $0.81 earnings per share. On average, research analysts predict that NextEra Energy, Inc. will post 3.12 earnings per share for the current fiscal year.
NextEra Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Wednesday, August 30th were paid a dividend of $0.4675 per share. The ex-dividend date was Tuesday, August 29th. This represents a $1.87 annualized dividend and a dividend yield of 2.74%. NextEra Energy’s payout ratio is currently 46.29%.
Analyst Ratings Changes
A number of research firms have weighed in on NEE. The Goldman Sachs Group started coverage on NextEra Energy in a research note on Wednesday, June 7th. They issued a “buy” rating and a $90.00 target price on the stock. Royal Bank of Canada lowered their price objective on shares of NextEra Energy from $90.00 to $89.00 and set an “outperform” rating for the company in a research report on Wednesday, September 6th. Guggenheim decreased their price target on shares of NextEra Energy from $92.00 to $86.00 in a research note on Friday, July 7th. JPMorgan Chase & Co. lowered 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, Morgan Stanley reduced their price objective on NextEra Energy from $93.00 to $90.00 and set an “overweight” rating on the stock in a report on Wednesday, August 23rd. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, NextEra Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.90.
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, 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.
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