NextEra Energy, Inc. (NYSE:NEE) Shares Bought by Farmers National Bank

Farmers National Bank raised its position in NextEra Energy, Inc. (NYSE:NEE) by 2.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 63,742 shares of the utilities provider’s stock after purchasing an additional 1,251 shares during the period. NextEra Energy accounts for 1.4% of Farmers National Bank’s investment portfolio, making the stock its 22nd largest holding. Farmers National Bank’s holdings in NextEra Energy were worth $4,514,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Proffitt & Goodson Inc. raised 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 in the last quarter. Semmax Financial Advisors Inc. increased its holdings in shares of NextEra Energy by 197.4% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 225 shares during the last quarter. American Capital Advisory LLC raised its position in shares of NextEra Energy by 74.5% during the 1st quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock worth $31,000 after acquiring an additional 205 shares in the last quarter. Valley Wealth Managers Inc. acquired a new stake in shares of NextEra Energy during the 2nd quarter worth about $33,000. Finally, Neo Ivy Capital Management purchased a new stake in NextEra Energy during the fourth quarter worth approximately $40,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Trading Up 0.9 %

Shares of NextEra Energy stock opened at $85.29 on Wednesday. The firm has a market cap of $175.23 billion, a price-to-earnings ratio of 23.24, a price-to-earnings-growth ratio of 3.08 and a beta of 0.56. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $85.75. The company’s 50-day simple moving average is $80.12 and its 200-day simple moving average is $73.74. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The business had revenue of $6.07 billion during the quarter, compared to the consensus estimate of $7.29 billion. During the same quarter last year, the firm posted $0.88 EPS. As a group, equities research analysts anticipate that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 2.42%. The ex-dividend date was Friday, August 30th. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Analyst Ratings Changes

NEE has been the topic of several recent analyst reports. Scotiabank increased their price target on shares of NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Dbs Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Morgan Stanley boosted their price target on shares of NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. Wells Fargo & Company boosted their target price on NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a report on Tuesday, September 3rd. Finally, Bank of America raised their price target on NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, NextEra Energy has a consensus rating of “Moderate Buy” and a consensus target price of $82.33.

Insider Buying and Selling at NextEra Energy

In other news, EVP Nicole J. Daggs sold 658 shares of the 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 sale, the executive vice president now directly owns 100 shares in the company, valued at $7,697. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is currently owned by 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,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.