NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Peoples Bank OH

Peoples Bank OH lowered its position in NextEra Energy, Inc. (NYSE:NEE) by 3.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,751 shares of the utilities provider’s stock after selling 146 shares during the quarter. Peoples Bank OH’s holdings in NextEra Energy were worth $240,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in NEE. Alpine Global Management LLC acquired a new position in NextEra Energy in the 3rd quarter worth $458,000. Ramirez Asset Management Inc. acquired a new position in NextEra Energy in the 3rd quarter worth $103,000. Revisor Wealth Management LLC acquired a new position in NextEra Energy in the 3rd quarter worth $288,000. Creative Planning increased its position in shares of NextEra Energy by 26.7% in the 3rd quarter. Creative Planning now owns 914,838 shares of the utilities provider’s stock worth $52,411,000 after purchasing an additional 192,804 shares during the last quarter. Finally, Diversified Trust Co increased its position in shares of NextEra Energy by 9.7% in the 3rd quarter. Diversified Trust Co now owns 50,147 shares of the utilities provider’s stock worth $2,873,000 after purchasing an additional 4,447 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Performance

NextEra Energy stock traded up $0.03 during midday trading on Tuesday, reaching $72.14. 6,220,084 shares of the stock traded hands, compared to its average volume of 11,780,885. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.12. The firm has a fifty day moving average price of $73.95 and a two-hundred day moving average price of $65.04. The firm has a market cap of $148.21 billion, a price-to-earnings ratio of 19.66, a PEG ratio of 2.47 and a beta of 0.54. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $80.47.

NextEra Energy (NYSE:NEE) last posted its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. The firm had revenue of $5.73 billion during the quarter, compared to analyst estimates of $6.28 billion. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. NextEra Energy’s revenue was down 14.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.84 EPS. On average, equities research analysts forecast that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend was Monday, June 3rd. NextEra Energy’s payout ratio is 56.13%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on NEE shares. Barclays dropped their target price on shares of NextEra Energy from $73.00 to $72.00 and set an “equal weight” rating for the company in a research report on Tuesday. Mizuho downgraded shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 target price for the company. in a research report on Wednesday, June 12th. Scotiabank boosted their target price on shares of NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a research report on Monday, April 22nd. Citigroup boosted their target price on shares of NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. Finally, Evercore ISI boosted their target price on shares of NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a research report on Wednesday, June 12th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, NextEra Energy presently has an average rating of “Moderate Buy” and a consensus target price of $77.50.

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.