Members Trust Co Sells 157 Shares of NextEra Energy, Inc. (NYSE:NEE)

Members Trust Co lessened its position in NextEra Energy, Inc. (NYSE:NEE) by 2.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,829 shares of the utilities provider’s stock after selling 157 shares during the quarter. Members Trust Co’s holdings in NextEra Energy were worth $413,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Bellwether Advisors LLC bought a new stake in NextEra Energy in the fourth quarter worth about $30,000. WealthTrak Capital Management LLC bought a new stake in shares of NextEra Energy during the 4th quarter worth approximately $33,000. Copia Wealth Management bought a new stake in shares of NextEra Energy during the 4th quarter worth approximately $36,000. Hughes Financial Services LLC purchased a new position in NextEra Energy during the 1st quarter valued at $40,000. Finally, Graney & King LLC bought a new position in NextEra Energy in the 4th quarter valued at $46,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on NEE shares. BMO Capital Markets decreased their target price on NextEra Energy from $84.00 to $77.00 and set an “outperform” rating for the company in a research report on Monday, April 14th. Guggenheim reiterated a “buy” rating and set a $89.00 price objective on shares of NextEra Energy in a report on Thursday, March 20th. Erste Group Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 8th. Wells Fargo & Company reduced their target price on shares of NextEra Energy from $102.00 to $97.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. Finally, Barclays boosted their price target on NextEra Energy from $65.00 to $67.00 and gave the company an “equal weight” rating in a report on Thursday, July 10th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $84.08.

Insider Activity

In related news, EVP Charles E. Sieving sold 23,684 shares of the business’s stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the completion of the transaction, the executive vice president owned 196,817 shares in the company, valued at $13,777,190. The trade was a 10.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.20% of the stock is currently owned by insiders.

NextEra Energy Stock Up 0.1%

NextEra Energy stock opened at $74.77 on Thursday. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.32. The firm has a market cap of $153.93 billion, a P/E ratio of 28.01, a P/E/G ratio of 2.63 and a beta of 0.67. The business has a fifty day moving average of $71.85 and a two-hundred day moving average of $70.29. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.99. NextEra Energy had a return on equity of 12.06% and a net margin of 21.81%. The firm had revenue of $6.25 billion during the quarter, compared to analysts’ expectations of $6.58 billion. During the same period in the prior year, the business posted $0.91 EPS. The firm’s quarterly revenue was up 9.0% on a year-over-year basis. On average, analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy’s dividend payout ratio is currently 85.02%.

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.