Lcnb Corp Purchases 75 Shares of NextEra Energy Inc (NYSE:NEE)

Lcnb Corp grew its position in shares of NextEra Energy Inc (NYSE:NEE) by 3.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,585 shares of the utilities provider’s stock after buying an additional 75 shares during the quarter. Lcnb Corp’s holdings in NextEra Energy were worth $530,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the business. Meridian Financial Partners LLC grew its stake in shares of NextEra Energy by 1.8% during the second quarter. Meridian Financial Partners LLC now owns 2,824 shares of the utilities provider’s stock valued at $588,000 after purchasing an additional 49 shares during the last quarter. Grove Bank & Trust grew its stake in shares of NextEra Energy by 1.0% during the second quarter. Grove Bank & Trust now owns 4,954 shares of the utilities provider’s stock valued at $1,015,000 after purchasing an additional 49 shares during the last quarter. Bogart Wealth LLC lifted its holdings in NextEra Energy by 1.4% in the second quarter. Bogart Wealth LLC now owns 4,026 shares of the utilities provider’s stock valued at $824,000 after buying an additional 54 shares during the period. Starfire Investment Advisers Inc. lifted its holdings in NextEra Energy by 2.9% in the first quarter. Starfire Investment Advisers Inc. now owns 1,973 shares of the utilities provider’s stock valued at $381,000 after buying an additional 55 shares during the period. Finally, Ullmann Financial Group Inc. lifted its holdings in NextEra Energy by 2.7% in the second quarter. Ullmann Financial Group Inc. now owns 2,130 shares of the utilities provider’s stock valued at $436,000 after buying an additional 57 shares during the period. 75.76% of the stock is currently owned by hedge funds and other institutional investors.

NYSE NEE traded up $2.05 during trading hours on Wednesday, hitting $217.50. The company’s stock had a trading volume of 593,659 shares, compared to its average volume of 1,911,063. The stock has a fifty day moving average of $209.45. NextEra Energy Inc has a twelve month low of $164.25 and a twelve month high of $217.18. The firm has a market cap of $103.72 billion, a price-to-earnings ratio of 28.25, a P/E/G ratio of 3.23 and a beta of 0.22. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 0.88.



NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, July 24th. The utilities provider reported $2.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.28 by $0.07. The company had revenue of $4.97 billion for the quarter, compared to analyst estimates of $4.68 billion. NextEra Energy had a net margin of 18.73% and a return on equity of 10.46%. The business’s revenue for the quarter was up 22.3% compared to the same quarter last year. During the same period last year, the business posted $2.08 earnings per share. As a group, sell-side analysts anticipate that NextEra Energy Inc will post 8.36 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Thursday, August 29th will be issued a $1.25 dividend. The ex-dividend date is Wednesday, August 28th. This represents a $5.00 annualized dividend and a yield of 2.30%. NextEra Energy’s dividend payout ratio (DPR) is presently 64.94%.

Several equities analysts recently weighed in on NEE shares. Wells Fargo & Co increased their price objective on shares of NextEra Energy from $200.00 to $210.00 and gave the company an “outperform” rating in a report on Wednesday, April 24th. Barclays lowered shares of NextEra Energy from an “overweight” rating to an “equal weight” rating and set a $218.00 price objective on the stock. in a report on Tuesday. Guggenheim increased their price objective on shares of NextEra Energy from $205.00 to $223.00 and gave the company a “buy” rating in a report on Monday, June 24th. UBS Group increased their price objective on shares of NextEra Energy from $225.00 to $236.00 and gave the company a “buy” rating in a report on Friday, June 7th. Finally, Credit Suisse Group increased their price objective on shares of NextEra Energy from $231.00 to $232.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $214.46.

In other NextEra Energy news, Director Rudy E. Schupp sold 1,600 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $202.90, for a total value of $324,640.00. Following the sale, the director now directly owns 18,315 shares in the company, valued at $3,716,113.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO John W. Ketchum sold 15,000 shares of the stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $204.50, for a total transaction of $3,067,500.00. Following the completion of the sale, the chief executive officer now owns 21,137 shares in the company, valued at $4,322,516.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 53,787 shares of company stock worth $10,945,435. Company insiders own 0.48% of the company’s stock.

NextEra Energy 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, 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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