Atlantic Union Bankshares Corp Has $7.03 Million Stake in NextEra Energy, Inc. (NYSE:NEE)

Atlantic Union Bankshares Corp decreased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,117 shares of the utilities provider’s stock after selling 2,184 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in NextEra Energy were worth $7,034,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Amundi boosted its holdings in shares of NextEra Energy by 49.8% during the 4th quarter. Amundi now owns 9,543,552 shares of the utilities provider’s stock valued at $676,008,000 after acquiring an additional 3,172,405 shares in the last quarter. Permanent Capital Management LP acquired a new stake in shares of NextEra Energy during the 4th quarter valued at $437,000. Dorsey & Whitney Trust CO LLC raised its position in NextEra Energy by 70.7% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 54,348 shares of the utilities provider’s stock worth $3,896,000 after purchasing an additional 22,509 shares during the last quarter. Larson Financial Group LLC raised its position in NextEra Energy by 9.6% during the 4th quarter. Larson Financial Group LLC now owns 12,479 shares of the utilities provider’s stock worth $895,000 after purchasing an additional 1,090 shares during the last quarter. Finally, HM Payson & Co. raised its position in NextEra Energy by 1.7% during the 4th quarter. HM Payson & Co. now owns 62,222 shares of the utilities provider’s stock worth $4,461,000 after purchasing an additional 1,039 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

NEE has been the subject of several analyst reports. BMO Capital Markets raised their target price on NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Scotiabank raised their target price on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Morgan Stanley raised their target price on NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Jefferies Financial Group lowered their target price on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Finally, JPMorgan Chase & Co. lowered their price objective on NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $85.85.

Insider Transactions at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total value of $162,258.47. Following the completion of the sale, the chief accounting officer now directly owns 27,427 shares of the company’s stock, valued at $1,867,504.43. This represents a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.18% of the company’s stock.

NextEra Energy Stock Up 4.1 %

NEE stock opened at $72.86 on Friday. The stock’s 50 day simple moving average is $70.30 and its 200 day simple moving average is $76.07. NextEra Energy, Inc. has a fifty-two week low of $56.31 and a fifty-two week high of $86.10. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The company has a market cap of $149.88 billion, a P/E ratio of 21.62, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. On average, research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be paid a $0.5665 dividend. The ex-dividend date of this dividend is Friday, February 28th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a dividend yield of 3.11%. NextEra Energy’s dividend payout ratio is 67.06%.

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.