VeraBank N.A. Raises Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

VeraBank N.A. grew its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,484 shares of the utilities provider’s stock after purchasing an additional 300 shares during the period. VeraBank N.A.’s holdings in NextEra Energy were worth $1,473,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Wealth Alliance increased its holdings in NextEra Energy by 3.5% during the 3rd quarter. Wealth Alliance now owns 4,026 shares of the utilities provider’s stock worth $1,117,000 after purchasing an additional 135 shares during the last quarter. Courier Capital LLC grew its position in shares of NextEra Energy by 1.8% in the 1st quarter. Courier Capital LLC now owns 9,302 shares of the utilities provider’s stock worth $703,000 after acquiring an additional 160 shares in the last quarter. Arlington Partners LLC grew its position in shares of NextEra Energy by 97.0% in the 4th quarter. Arlington Partners LLC now owns 329 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 162 shares in the last quarter. Eudaimonia Partners LLC grew its position in shares of NextEra Energy by 1.6% in the 3rd quarter. Eudaimonia Partners LLC now owns 10,890 shares of the utilities provider’s stock worth $3,023,000 after acquiring an additional 170 shares in the last quarter. Finally, Means Investment CO. Inc. grew its position in shares of NextEra Energy by 0.9% in the 1st quarter. Means Investment CO. Inc. now owns 21,950 shares of the utilities provider’s stock worth $1,660,000 after acquiring an additional 194 shares in the last quarter. Institutional investors own 19.20% of the company’s stock.

In related news, CAO James Michael May sold 6,031 shares of the business’s stock in a transaction dated Wednesday, March 17th. The stock was sold at an average price of $75.00, for a total transaction of $452,325.00. Following the completion of the transaction, the chief accounting officer now owns 12,508 shares of the company’s stock, valued at approximately $938,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James L. Robo sold 118,000 shares of the business’s stock in a transaction dated Tuesday, March 2nd. The stock was sold at an average price of $76.02, for a total value of $8,970,360.00. The disclosure for this sale can be found here. Insiders have sold 179,662 shares of company stock worth $13,677,453 over the last ninety days. 0.40% of the stock is owned by insiders.

Shares of NEE traded down $0.09 during midday trading on Wednesday, reaching $78.95. The stock had a trading volume of 139,154 shares, compared to its average volume of 9,144,434. NextEra Energy, Inc. has a 52 week low of $55.65 and a 52 week high of $87.69. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.57 and a quick ratio of 0.48. The firm’s 50 day moving average price is $74.34 and its 200-day moving average price is $77.46. The company has a market capitalization of $154.86 billion, a P/E ratio of 39.82, a P/E/G ratio of 4.07 and a beta of 0.16.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Monday, January 25th. The utilities provider reported $0.40 EPS for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.02. NextEra Energy had a return on equity of 10.79% and a net margin of 21.44%. The company had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $5.71 billion. During the same quarter in the previous year, the business earned $0.36 EPS. The company’s quarterly revenue was down 4.2% compared to the same quarter last year. On average, equities analysts forecast that NextEra Energy, Inc. will post 2.3 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, March 15th. Stockholders of record on Friday, February 26th were given a dividend of $0.385 per share. This represents a $1.54 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date was Thursday, February 25th. NextEra Energy’s dividend payout ratio (DPR) is presently 73.68%.

NEE has been the subject of several research reports. Morgan Stanley decreased their target price on NextEra Energy from $77.00 to $66.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 16th. Bank of America restated a “buy” rating and set a $81.00 price objective on shares of NextEra Energy in a research report on Friday, January 15th. Credit Suisse Group upgraded NextEra Energy from a “neutral” rating to an “outperform” rating and reduced their price objective for the company from $87.00 to $85.00 in a research report on Monday, March 15th. Wells Fargo & Company boosted their price objective on NextEra Energy from $85.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, January 27th. Finally, Barclays boosted their price objective on NextEra Energy from $78.00 to $82.00 and gave the company an “equal weight” rating in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $78.43.

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 fossil fuel, such as coal and natural gas facilities. It also develops, constructs, and operates long-term contracted assets with a focus on renewable generation facilities, electric transmission facilities, and battery storage projects; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.

Featured Story: Trade Deficit

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

Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.