NextEra Energy, Inc. $NEE Stock Position Lessened by Riverview Trust Co

Riverview Trust Co decreased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 40.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,554 shares of the utilities provider’s stock after selling 1,041 shares during the quarter. Riverview Trust Co’s holdings in NextEra Energy were worth $108,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Avity Investment Management Inc. grew its stake in shares of NextEra Energy by 1.7% in the second quarter. Avity Investment Management Inc. now owns 506,515 shares of the utilities provider’s stock worth $35,162,000 after purchasing an additional 8,565 shares in the last quarter. Integrity Alliance LLC. grew its stake in shares of NextEra Energy by 41.8% in the first quarter. Integrity Alliance LLC. now owns 25,092 shares of the utilities provider’s stock worth $1,779,000 after purchasing an additional 7,401 shares in the last quarter. Elyxium Wealth LLC bought a new position in shares of NextEra Energy in the first quarter worth $783,000. Czech National Bank grew its stake in shares of NextEra Energy by 6.5% in the second quarter. Czech National Bank now owns 503,202 shares of the utilities provider’s stock worth $34,932,000 after purchasing an additional 30,878 shares in the last quarter. Finally, Bowman & Co S.C. lifted its holdings in shares of NextEra Energy by 2.0% in the second quarter. Bowman & Co S.C. now owns 13,452 shares of the utilities provider’s stock valued at $933,000 after buying an additional 263 shares during the period. Institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

NEE has been the subject of several research analyst reports. HSBC cut their price objective on NextEra Energy from $88.00 to $86.00 and set a “buy” rating for the company in a report on Friday, July 11th. JPMorgan Chase & Co. upped their price objective on NextEra Energy from $86.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, August 22nd. Morgan Stanley restated an “overweight” rating and issued a $95.00 price objective (down previously from $96.00) on shares of NextEra Energy in a report on Thursday, September 25th. Melius initiated coverage on NextEra Energy in a report on Wednesday, August 20th. They issued a “buy” rating and a $77.00 price objective for the company. Finally, Barclays upped their price objective on NextEra Energy from $65.00 to $67.00 and gave the company an “equal weight” rating in a report on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $84.08.

Insider Buying and Selling

In related news, EVP Michael Dunne sold 10,000 shares of the company’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $70.79, for a total transaction of $707,900.00. Following the transaction, the executive vice president directly owned 62,064 shares of the company’s stock, valued at approximately $4,393,510.56. The trade was a 13.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark Lemasney sold 846 shares of the company’s stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $74.90, for a total value of $63,365.40. Following the transaction, the executive vice president directly owned 9,267 shares in the company, valued at $694,098.30. The trade was a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 21,369 shares of company stock valued at $1,539,610. 0.20% of the stock is currently owned by company insiders.

NextEra Energy Trading Up 4.2%

Shares of NYSE NEE opened at $78.63 on Thursday. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10. The company has a market cap of $161.92 billion, a price-to-earnings ratio of 27.49, a P/E/G ratio of 2.60 and a beta of 0.66. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36. The business has a fifty day simple moving average of $72.70 and a 200-day simple moving average of $71.17.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, beating the consensus estimate of $1.01 by $0.04. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The business had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. During the same period in the prior year, the business posted $0.96 earnings per share. NextEra Energy’s revenue was up 10.4% compared to the same quarter last year. Sell-side analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were issued a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Thursday, August 28th. NextEra Energy’s dividend payout ratio is currently 79.37%.

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.