Community Bank N.A. Reduces Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Community Bank N.A. trimmed its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,358 shares of the utilities provider’s stock after selling 2,409 shares during the quarter. Community Bank N.A.’s holdings in NextEra Energy were worth $3,180,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in NextEra Energy by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock worth $11,368,065,000 after buying an additional 1,956,153 shares during the last quarter. Northern Trust Corp grew its stake in NextEra Energy by 2.0% during the 3rd quarter. Northern Trust Corp now owns 22,982,250 shares of the utilities provider’s stock worth $1,316,653,000 after buying an additional 455,271 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in NextEra Energy by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,352,695 shares of the utilities provider’s stock worth $593,106,000 after buying an additional 148,674 shares during the last quarter. California Public Employees Retirement System grew its stake in NextEra Energy by 2.4% during the 3rd quarter. California Public Employees Retirement System now owns 9,026,464 shares of the utilities provider’s stock worth $517,126,000 after buying an additional 209,584 shares during the last quarter. Finally, Nordea Investment Management AB grew its stake in NextEra Energy by 59.1% during the 3rd quarter. Nordea Investment Management AB now owns 5,784,080 shares of the utilities provider’s stock worth $337,096,000 after buying an additional 2,148,205 shares during the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on NEE. Bank of America boosted their target price on NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a research note on Tuesday. BMO Capital Markets dropped their price target on NextEra Energy from $77.00 to $68.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 16th. Royal Bank of Canada reiterated an “outperform” rating and set a $74.00 price target on shares of NextEra Energy in a research note on Tuesday, January 30th. Wells Fargo & Company boosted their price target on NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. Finally, Scotiabank boosted their price target on NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $71.21.

NextEra Energy Stock Performance

Shares of NEE stock traded up $0.36 on Wednesday, hitting $66.56. The company had a trading volume of 12,029,632 shares, compared to its average volume of 11,942,938. The firm has a market cap of $136.61 billion, a P/E ratio of 18.44, a price-to-earnings-growth ratio of 2.35 and a beta of 0.51. The company has a 50-day moving average price of $60.47 and a 200-day moving average price of $58.89. The company has a quick ratio of 0.47, a current ratio of 0.55 and a debt-to-equity ratio of 1.06. NextEra Energy, Inc. has a twelve month low of $47.15 and a twelve month high of $79.10.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.11. The business had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $6.28 billion. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. The company’s revenue for the quarter was down 14.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.84 EPS. As a group, equities research analysts predict that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were issued a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 3.09%. The ex-dividend date was Monday, February 26th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s payout ratio is 57.06%.

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.