Farmers & Merchants Investments Inc. Reduces Stake in NextEra Energy Inc (NEE)

Farmers & Merchants Investments Inc. trimmed its stake in shares of NextEra Energy Inc (NYSE:NEE) by 6.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,753 shares of the utilities provider’s stock after selling 323 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in NextEra Energy were worth $797,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Philadelphia Trust Co. increased its position in NextEra Energy by 8.0% in the 2nd quarter. Philadelphia Trust Co. now owns 4,047 shares of the utilities provider’s stock valued at $676,000 after acquiring an additional 300 shares during the period. Monetary Management Group Inc. increased its position in NextEra Energy by 11.4% in the 2nd quarter. Monetary Management Group Inc. now owns 2,935 shares of the utilities provider’s stock valued at $490,000 after acquiring an additional 300 shares during the period. Burns J W & Co. Inc. NY increased its position in NextEra Energy by 18.1% in the 3rd quarter. Burns J W & Co. Inc. NY now owns 1,954 shares of the utilities provider’s stock valued at $327,000 after acquiring an additional 300 shares during the period. Gilman Hill Asset Management LLC increased its position in NextEra Energy by 12.4% in the 3rd quarter. Gilman Hill Asset Management LLC now owns 2,720 shares of the utilities provider’s stock valued at $456,000 after acquiring an additional 300 shares during the period. Finally, Exchange Capital Management Inc. increased its position in NextEra Energy by 8.1% in the 2nd quarter. Exchange Capital Management Inc. now owns 4,247 shares of the utilities provider’s stock valued at $709,000 after acquiring an additional 319 shares during the period. Institutional investors and hedge funds own 76.47% of the company’s stock.

Several analysts recently commented on NEE shares. Barclays started coverage on NextEra Energy in a research report on Tuesday, July 10th. They issued an “equal weight” rating and a $182.00 target price on the stock. KeyCorp raised their target price on NextEra Energy from $168.00 to $178.00 and gave the company an “overweight” rating in a research report on Thursday, July 19th. Howard Weil began coverage on NextEra Energy in a research report on Tuesday, July 24th. They issued a “sector perform” rating on the stock. Scotiabank began coverage on NextEra Energy in a research note on Tuesday, July 24th. They set a “hold” rating and a $70.00 price target for the company. Finally, ValuEngine raised NextEra Energy from a “hold” rating to a “buy” rating in a research note on Thursday, August 2nd. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $171.00.



Shares of NYSE NEE opened at $173.55 on Wednesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.65 and a quick ratio of 0.57. The firm has a market cap of $81.20 billion, a price-to-earnings ratio of 23.10, a PEG ratio of 2.66 and a beta of 0.20. NextEra Energy Inc has a 1 year low of $145.10 and a 1 year high of $176.82.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Tuesday, October 23rd. The utilities provider reported $2.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.15 by $0.03. The firm had revenue of $4.42 billion during the quarter, compared to analyst estimates of $4.92 billion. NextEra Energy had a return on equity of 10.21% and a net margin of 51.25%. The firm’s quarterly revenue was down 8.1% on a year-over-year basis. During the same period last year, the company posted $1.85 EPS. Equities research analysts forecast that NextEra Energy Inc will post 7.76 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Friday, November 30th will be paid a dividend of $1.11 per share. This represents a $4.44 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend is Thursday, November 29th. NextEra Energy’s payout ratio is currently 66.27%.

In other news, CEO Armando Pimentel, Jr. sold 10,734 shares of the firm’s stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $170.98, for a total transaction of $1,835,299.32. Following the completion of the sale, the chief executive officer now directly owns 64,169 shares of the company’s stock, valued at approximately $10,971,615.62. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Treasurer Paul I. Cutler sold 11,016 shares of the firm’s stock in a transaction on Wednesday, October 10th. The stock was sold at an average price of $175.08, for a total value of $1,928,681.28. Following the sale, the treasurer now directly owns 102,291 shares of the company’s stock, valued at $17,909,108.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 74,024 shares of company stock valued at $12,742,375. 0.55% of the stock is currently owned by corporate insiders.

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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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