First American Bank Has $488,000 Holdings in NextEra Energy, Inc. (NYSE:NEE)

First American Bank raised its stake in NextEra Energy, Inc. (NYSE:NEE) by 16.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,777 shares of the utilities provider’s stock after buying an additional 812 shares during the period. First American Bank’s holdings in NextEra Energy were worth $488,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of NEE. OMNI 360 Wealth Inc. grew its stake in shares of NextEra Energy by 2.0% in the third quarter. OMNI 360 Wealth Inc. now owns 7,769 shares of the utilities provider’s stock worth $657,000 after purchasing an additional 155 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in NextEra Energy by 6.8% during the 3rd quarter. State of Alaska Department of Revenue now owns 238,661 shares of the utilities provider’s stock worth $20,174,000 after acquiring an additional 15,270 shares during the period. Frank Rimerman Advisors LLC increased its holdings in NextEra Energy by 14.8% in the third quarter. Frank Rimerman Advisors LLC now owns 31,531 shares of the utilities provider’s stock worth $2,665,000 after purchasing an additional 4,062 shares in the last quarter. Smith Salley Wealth Management increased its stake in shares of NextEra Energy by 3.6% in the 3rd quarter. Smith Salley Wealth Management now owns 291,142 shares of the utilities provider’s stock valued at $24,610,000 after acquiring an additional 10,150 shares in the last quarter. Finally, Bristlecone Advisors LLC increased its stake in NextEra Energy by 6.1% in the third quarter. Bristlecone Advisors LLC now owns 37,557 shares of the utilities provider’s stock valued at $3,175,000 after purchasing an additional 2,169 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Buying and Selling

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the business’s stock in a transaction 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 sale, the executive vice president now directly owns 100 shares of the company’s stock, valued at $7,697. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.18% of the stock is currently owned by corporate insiders.

NextEra Energy Price Performance

NEE stock opened at $81.43 on Monday. NextEra Energy, Inc. has a 12 month low of $53.81 and a 12 month high of $86.10. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $167.30 billion, a P/E ratio of 22.19, a price-to-earnings-growth ratio of 3.03 and a beta of 0.56. The firm has a 50 day moving average of $82.36 and a 200-day moving average of $76.28.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.05. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The firm had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. During the same quarter last year, the firm posted $0.94 EPS. The company’s revenue was up 5.5% compared to the same quarter last year. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 2.53%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is currently 56.13%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on NEE shares. Guggenheim upped their target price on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. increased their price objective on shares of NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Royal Bank of Canada cut NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. BMO Capital Markets increased their target price on shares of NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Finally, Bank of America raised their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $86.54.

NextEra Energy Company 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.