OLD Point Trust & Financial Services N A Reduces Position in NextEra Energy, Inc. $NEE

OLD Point Trust & Financial Services N A lessened its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 70,578 shares of the utilities provider’s stock after selling 886 shares during the quarter. NextEra Energy makes up approximately 1.7% of OLD Point Trust & Financial Services N A’s portfolio, making the stock its 21st biggest position. OLD Point Trust & Financial Services N A’s holdings in NextEra Energy were worth $4,900,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. 1 North Wealth Services LLC purchased a new stake in shares of NextEra Energy during the first quarter valued at approximately $26,000. Nova Wealth Management Inc. purchased a new stake in shares of NextEra Energy during the first quarter valued at approximately $32,000. IMA Advisory Services Inc. purchased a new stake in shares of NextEra Energy during the first quarter valued at approximately $35,000. Semmax Financial Advisors Inc. boosted its stake in shares of NextEra Energy by 335.0% during the first quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 392 shares during the period. Finally, CBIZ Investment Advisory Services LLC boosted its stake in shares of NextEra Energy by 237.7% during the first quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 366 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on NEE shares. Melius started coverage on NextEra Energy in a research note on Wednesday, August 20th. They issued a “buy” rating and a $77.00 price target for the company. BMO Capital Markets raised their price target on NextEra Energy from $77.00 to $81.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. Melius Research raised NextEra Energy to a “strong-buy” rating in a research note on Wednesday, August 20th. Morgan Stanley reaffirmed an “overweight” rating and issued a $95.00 price target (down previously from $96.00) on shares of NextEra Energy in a research note on Thursday, September 25th. Finally, Barclays raised their price target on NextEra Energy from $65.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $84.08.

Insiders Place Their Bets

In related news, EVP Mark Lemasney sold 846 shares of NextEra Energy stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $74.90, for a total value of $63,365.40. Following the completion of the sale, the executive vice president directly owned 9,267 shares in the company, valued at approximately $694,098.30. This trade represents a 8.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robert Coffey sold 7,500 shares of NextEra Energy stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $71.84, for a total value of $538,800.00. Following the completion of the sale, the executive vice president owned 26,539 shares of the company’s stock, valued at $1,906,561.76. The trade was a 22.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 21,369 shares of company stock valued at $1,539,610 over the last quarter. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $75.50 on Wednesday. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10. The business has a fifty day moving average price of $72.59 and a 200-day moving average price of $71.12. The company has a market capitalization of $155.48 billion, a PE ratio of 26.40, a PEG ratio of 2.62 and a beta of 0.65. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping 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 company had revenue of $6.70 billion during the quarter, compared to the consensus estimate of $7.52 billion. During the same period last year, the company earned $0.96 EPS. NextEra Energy’s revenue for the quarter was up 10.4% on a year-over-year basis. As a group, equities analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Thursday, August 28th were issued a $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 3.0%. The ex-dividend date was Thursday, August 28th. NextEra Energy’s dividend payout ratio (DPR) is presently 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.