AMG National Trust Bank Sells 6,528 Shares of NextEra Energy, Inc. $NEE

AMG National Trust Bank trimmed its stake in NextEra Energy, Inc. (NYSE:NEE) by 10.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,623 shares of the utilities provider’s stock after selling 6,528 shares during the period. AMG National Trust Bank’s holdings in NextEra Energy were worth $4,274,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of NEE. Vanguard Group Inc. raised its stake in shares of NextEra Energy by 0.4% in the third quarter. Vanguard Group Inc. now owns 213,799,521 shares of the utilities provider’s stock valued at $16,139,726,000 after acquiring an additional 922,500 shares during the period. Geode Capital Management LLC grew its holdings in NextEra Energy by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 45,724,229 shares of the utilities provider’s stock valued at $3,161,774,000 after purchasing an additional 526,996 shares during the last quarter. Norges Bank purchased a new stake in NextEra Energy in the 2nd quarter worth about $2,375,545,000. Charles Schwab Investment Management Inc. lifted its stake in NextEra Energy by 2.1% in the second quarter. Charles Schwab Investment Management Inc. now owns 16,786,728 shares of the utilities provider’s stock worth $1,165,896,000 after purchasing an additional 340,315 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in shares of NextEra Energy by 2.6% during the second quarter. Legal & General Group Plc now owns 16,414,103 shares of the utilities provider’s stock valued at $1,139,467,000 after buying an additional 408,198 shares during the period. Institutional investors own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Barclays increased their price target on NextEra Energy from $84.00 to $85.00 and gave the stock an “equal weight” rating in a report on Thursday, January 15th. Mizuho set a $90.00 target price on NextEra Energy and gave the stock a “neutral” rating in a research report on Wednesday, January 28th. The Goldman Sachs Group boosted their target price on shares of NextEra Energy from $94.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. HSBC lifted their price objective on shares of NextEra Energy from $94.00 to $95.00 in a report on Monday, November 10th. Finally, BMO Capital Markets set a $95.00 price objective on shares of NextEra Energy in a research report on Thursday, January 29th. Two analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $93.05.

Insider Buying and Selling

In related news, EVP Charles E. Sieving sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total transaction of $2,700,000.00. Following the sale, the executive vice president owned 167,481 shares of the company’s stock, valued at $15,073,290. This trade represents a 15.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO John W. Ketchum sold 99,603 shares of the business’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $89.34, for a total transaction of $8,898,532.02. Following the completion of the transaction, the chief executive officer owned 305,933 shares of the company’s stock, valued at $27,332,054.22. This represents a 24.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 159,049 shares of company stock worth $14,194,542 in the last three months. 0.20% of the stock is owned by insiders.

NextEra Energy Trading Up 0.5%

NYSE NEE opened at $92.07 on Friday. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $95.56. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.60. The company has a market capitalization of $191.83 billion, a price-to-earnings ratio of 27.98, a price-to-earnings-growth ratio of 2.83 and a beta of 0.76. The company’s 50-day simple moving average is $84.76 and its two-hundred day simple moving average is $80.87.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.01. The firm had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $7.07 billion. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. The company’s revenue was up 20.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.53 EPS. Equities analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be given a $0.6232 dividend. This represents a $2.49 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, February 27th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.57. NextEra Energy’s dividend payout ratio is presently 69.00%.

About NextEra Energy

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.