NextEra Energy, Inc. (NYSE:NEE) Shares Bought by Security National Bank

Security National Bank grew its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 86,109 shares of the utilities provider’s stock after purchasing an additional 3,580 shares during the quarter. NextEra Energy accounts for 1.2% of Security National Bank’s investment portfolio, making the stock its 27th biggest position. Security National Bank’s holdings in NextEra Energy were worth $5,230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of NEE. Clear Investment Research LLC lifted its stake in shares of NextEra Energy by 387.2% in the fourth quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock worth $28,000 after acquiring an additional 364 shares in the last quarter. BOK Financial Private Wealth Inc. acquired a new position in shares of NextEra Energy in the fourth quarter worth about $29,000. Stuart Chaussee & Associates Inc. lifted its stake in shares of NextEra Energy by 315.4% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 410 shares in the last quarter. Valued Wealth Advisors LLC acquired a new position in shares of NextEra Energy in the fourth quarter worth about $34,000. Finally, Rakuten Securities Inc. acquired a new stake in NextEra Energy during the fourth quarter valued at approximately $34,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analysts Set New Price Targets

NEE has been the topic of several research reports. Scotiabank upped their price objective on NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a research note on Monday, April 22nd. StockNews.com upgraded NextEra Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Bank of America upped their price objective on NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, April 23rd. Barclays upped their price objective on NextEra Energy from $66.00 to $74.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, Mizuho upped their price objective on NextEra Energy from $67.00 to $71.00 and gave the company a “buy” rating in a research note on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $73.50.

NextEra Energy Stock Performance

NEE stock traded down $1.31 on Friday, reaching $75.39. The company’s stock had a trading volume of 10,059,493 shares, compared to its average volume of 9,795,522. NextEra Energy, Inc. has a 52 week low of $47.15 and a 52 week high of $80.47. The company has a market capitalization of $154.89 billion, a P/E ratio of 20.54, a price-to-earnings-growth ratio of 2.76 and a beta of 0.56. The firm has a fifty day moving average of $70.51 and a two-hundred day moving average of $63.03. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.43.

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, topping analysts’ consensus estimates of $0.80 by $0.11. The business had revenue of $5.73 billion during the quarter, compared to analyst estimates of $6.28 billion. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The business’s revenue for the quarter was down 14.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.84 EPS. As a group, analysts predict that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be given a $0.515 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $2.06 dividend on an annualized basis and a yield of 2.73%. NextEra Energy’s dividend payout ratio (DPR) is 56.13%.

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.