First American Bank Buys 18,305 Shares of NextEra Energy, Inc. $NEE

First American Bank lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 338.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 23,718 shares of the utilities provider’s stock after buying an additional 18,305 shares during the period. First American Bank’s holdings in NextEra Energy were worth $1,904,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Goodman Advisory Group LLC bought a new position in NextEra Energy in the 2nd quarter valued at approximately $25,000. Tripletail Wealth Management LLC bought a new stake in NextEra Energy during the 3rd quarter worth approximately $25,000. Strive Asset Management LLC bought a new stake in NextEra Energy during the 3rd quarter worth approximately $29,000. Howard Hughes Medical Institute acquired a new position in NextEra Energy in the 2nd quarter valued at approximately $31,000. Finally, Lodestone Wealth Management LLC bought a new position in shares of NextEra Energy during the fourth quarter valued at $33,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Mizuho set a $90.00 price target on shares of NextEra Energy and gave the stock a “neutral” rating in a report on Wednesday, January 28th. JPMorgan Chase & Co. raised their target price on NextEra Energy from $94.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, December 11th. Wall Street Zen downgraded NextEra Energy from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Wells Fargo & Company upped their price target on NextEra Energy from $97.00 to $98.00 and gave the company an “overweight” rating in a research report on Tuesday, January 20th. Finally, Argus set a $92.00 price target on NextEra Energy and gave the company a “buy” rating in a research note on Wednesday, January 28th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $94.72.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,934 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $93.00, for a total value of $458,862.00. Following the transaction, the executive vice president directly owned 16,905 shares of the company’s stock, valued at approximately $1,572,165. The trade was a 22.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John W. Ketchum sold 99,603 shares of the stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $89.34, for a total value of $8,898,532.02. Following the transaction, the chief executive officer owned 305,933 shares in the company, valued at $27,332,054.22. The trade was a 24.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 190,816 shares of company stock worth $17,075,619 over the last quarter. 0.20% of the stock is owned by company insiders.

NextEra Energy Trading Up 0.1%

NEE opened at $93.22 on Friday. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $95.91. The company has a fifty day moving average of $91.35 and a 200-day moving average of $84.93. The stock has a market cap of $194.23 billion, a PE ratio of 28.33 and a beta of 0.74. The company has a quick ratio of 0.49, a current ratio of 0.60 and a debt-to-equity ratio of 1.35.

NextEra Energy (NYSE:NEE) last released its earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.01. The business had revenue of $6.50 billion for the quarter, compared to analyst estimates of $7.07 billion. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. NextEra Energy’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.53 earnings per share. On average, sell-side analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Friday, February 27th were given a dividend of $0.6232 per share. This represents a $2.49 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was 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 currently 75.68%.

NextEra Energy Company Profile

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.