NextEra Energy, Inc. (NYSE:NEE) Shares Purchased by First United Bank & Trust

First United Bank & Trust raised its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 5.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,614 shares of the utilities provider’s stock after buying an additional 593 shares during the quarter. First United Bank & Trust’s holdings in NextEra Energy were worth $912,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Schmidt P J Investment Management Inc. grew its holdings in shares of NextEra Energy by 2.6% during the second quarter. Schmidt P J Investment Management Inc. now owns 145,673 shares of the utilities provider’s stock valued at $11,246,000 after purchasing an additional 3,685 shares during the last quarter. MAI Capital Management grew its holdings in shares of NextEra Energy by 3.6% during the second quarter. MAI Capital Management now owns 391,716 shares of the utilities provider’s stock valued at $28,705,000 after purchasing an additional 13,551 shares during the last quarter. Clearstead Advisors LLC grew its holdings in shares of NextEra Energy by 5.7% during the second quarter. Clearstead Advisors LLC now owns 40,630 shares of the utilities provider’s stock valued at $2,977,000 after purchasing an additional 2,200 shares during the last quarter. Main Street Research LLC grew its holdings in shares of NextEra Energy by 9.9% during the second quarter. Main Street Research LLC now owns 136,749 shares of the utilities provider’s stock valued at $10,021,000 after purchasing an additional 12,342 shares during the last quarter. Finally, Eagle Global Advisors LLC grew its holdings in shares of NextEra Energy by 1.1% during the second quarter. Eagle Global Advisors LLC now owns 167,358 shares of the utilities provider’s stock valued at $12,264,000 after purchasing an additional 1,850 shares during the last quarter. Hedge funds and other institutional investors own 74.55% of the company’s stock.

Several research firms have recently commented on NEE. Seaport Res Ptn reaffirmed a “buy” rating on shares of NextEra Energy in a report on Tuesday, October 19th. Morgan Stanley increased their price objective on NextEra Energy from $78.00 to $82.00 and gave the stock an “equal weight” rating in a report on Monday. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $86.29.

In other NextEra Energy news, CEO John W. Ketchum sold 12,151 shares of the stock in a transaction on Wednesday, September 15th. The stock was sold at an average price of $84.33, for a total transaction of $1,024,693.83. Following the completion of the transaction, the chief executive officer now directly owns 84,895 shares of the company’s stock, valued at approximately $7,159,195.35. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Ronald R. Reagan sold 4,545 shares of the stock in a transaction on Friday, November 19th. The shares were sold at an average price of $88.00, for a total value of $399,960.00. The disclosure for this sale can be found here. Company insiders own 0.38% of the company’s stock.

Shares of NEE stock opened at $87.21 on Thursday. NextEra Energy, Inc. has a 12-month low of $68.33 and a 12-month high of $88.82. The firm has a market capitalization of $171.12 billion, a price-to-earnings ratio of 72.68, a price-to-earnings-growth ratio of 4.01 and a beta of 0.26. The business has a 50 day simple moving average of $83.22 and a 200 day simple moving average of $79.59. The company has a debt-to-equity ratio of 1.08, a current ratio of 0.47 and a quick ratio of 0.38.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Tuesday, October 19th. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.03. The firm had revenue of $4.38 billion during the quarter, compared to analyst estimates of $5.40 billion. NextEra Energy had a return on equity of 11.07% and a net margin of 14.40%. The firm’s quarterly revenue was down 8.5% on a year-over-year basis. During the same period last year, the company posted $0.67 EPS. On average, equities analysts anticipate that NextEra Energy, Inc. will post 2.53 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 15th. Shareholders of record on Friday, November 26th will be paid a dividend of $0.385 per share. This represents a $1.54 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date is Wednesday, November 24th. NextEra Energy’s payout ratio is currently 128.33%.

About NextEra Energy

NextEra Energy, Inc is an electric power and energy infrastructure company. It operates through the following segments: FPL & NEER. The FPL segment engages primarily in the generation, transmission, distribution and sale of electric energy in Florida. The NEER segment produces electricity from clean and renewable sources, including wind and solar.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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