Parkside Financial Bank & Trust Reduces Holdings in NextEra Energy, Inc. (NYSE:NEE)

Parkside Financial Bank & Trust decreased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 27,476 shares of the utilities provider’s stock after selling 435 shares during the quarter. Parkside Financial Bank & Trust’s holdings in NextEra Energy were worth $1,946,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Proffitt & Goodson Inc. lifted its stake in NextEra Energy by 64.0% in the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock valued at $26,000 after buying an additional 144 shares during the last quarter. Clear Investment Research LLC grew its position in NextEra Energy by 387.2% during the 4th quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 364 shares during the last quarter. American Capital Advisory LLC raised its holdings in shares of NextEra Energy by 74.5% in the first quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock valued at $31,000 after buying an additional 205 shares during the last quarter. Neo Ivy Capital Management acquired a new stake in shares of NextEra Energy during the fourth quarter worth about $40,000. Finally, Family Firm Inc. acquired a new position in NextEra Energy in the 2nd quarter valued at about $40,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at NextEra Energy

In other news, EVP Nicole J. Daggs sold 658 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total value of $50,646.26. Following the completion of the transaction, the executive vice president now owns 100 shares of the company’s stock, valued at $7,697. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.18% of the stock is owned by insiders.

NextEra Energy Price Performance

Shares of NYSE NEE traded up $0.41 on Friday, hitting $80.74. The company’s stock had a trading volume of 1,449,572 shares, compared to its average volume of 10,966,601. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41. The stock has a 50 day moving average of $75.95 and a 200-day moving average of $70.14. NextEra Energy, Inc. has a 12-month low of $47.15 and a 12-month high of $82.14. The company has a market capitalization of $165.88 billion, a price-to-earnings ratio of 21.89, a price-to-earnings-growth ratio of 2.92 and a beta of 0.54.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The firm had revenue of $6.07 billion for the quarter, compared to analysts’ expectations of $7.29 billion. During the same quarter in the prior year, the firm earned $0.88 EPS. As a group, research analysts predict that NextEra Energy, Inc. will post 3.39 EPS for the current year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be paid a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend is Friday, August 30th. NextEra Energy’s payout ratio is 56.13%.

Analysts Set New Price Targets

NEE has been the topic of several analyst reports. Evercore ISI lifted their target price on NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a research note on Wednesday, June 12th. Citigroup raised their target price on shares of NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. Wells Fargo & Company increased their price target on shares of NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a report on Tuesday. Morgan Stanley raised their price target on NextEra Energy from $85.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. Finally, Barclays upped their price objective on NextEra Energy from $75.00 to $76.00 and gave the stock an “equal weight” rating in a report on Friday, August 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $81.50.

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,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.