American National Bank Buys 6,668 Shares of NextEra Energy, Inc. (NYSE:NEE)

American National Bank raised its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 7.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 95,253 shares of the utilities provider’s stock after acquiring an additional 6,668 shares during the quarter. NextEra Energy comprises approximately 1.2% of American National Bank’s portfolio, making the stock its 29th biggest holding. American National Bank’s holdings in NextEra Energy were worth $7,068,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Charter Oak Capital Management LLC raised its holdings in NextEra Energy by 1.0% during the 1st quarter. Charter Oak Capital Management LLC now owns 13,474 shares of the utilities provider’s stock valued at $1,039,000 after acquiring an additional 130 shares during the period. Horan Securities Inc. increased its holdings in shares of NextEra Energy by 22.6% in the first quarter. Horan Securities Inc. now owns 710 shares of the utilities provider’s stock worth $55,000 after purchasing an additional 131 shares during the period. Nvest Financial LLC increased its holdings in shares of NextEra Energy by 1.1% in the first quarter. Nvest Financial LLC now owns 11,846 shares of the utilities provider’s stock worth $913,000 after purchasing an additional 132 shares during the period. White Pine Capital LLC increased its holdings in shares of NextEra Energy by 0.8% in the first quarter. White Pine Capital LLC now owns 16,348 shares of the utilities provider’s stock worth $1,260,000 after purchasing an additional 135 shares during the period. Finally, Wimmer Associates 1 LLC increased its holdings in shares of NextEra Energy by 3.6% in the first quarter. Wimmer Associates 1 LLC now owns 3,935 shares of the utilities provider’s stock worth $305,000 after purchasing an additional 135 shares during the period. Institutional investors own 76.48% of the company’s stock.

Insider Buying and Selling

In related news, Director Kirk S. Hachigian purchased 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 17th. The stock was bought at an average cost of $67.95 per share, with a total value of $679,500.00. Following the completion of the purchase, the director now directly owns 15,000 shares in the company, valued at $1,019,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other NextEra Energy news, Director James Lawrence Camaren bought 4,000 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was acquired at an average price of $67.85 per share, with a total value of $271,400.00. Following the completion of the purchase, the director now owns 8,000 shares of the company’s stock, valued at $542,800. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Kirk S. Hachigian bought 10,000 shares of the firm’s stock in a transaction on Thursday, August 17th. The shares were acquired at an average cost of $67.95 per share, with a total value of $679,500.00. Following the purchase, the director now directly owns 15,000 shares of the company’s stock, valued at approximately $1,019,250. The disclosure for this purchase can be found here. 0.18% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. decreased their price target on shares of NextEra Energy from $85.00 to $80.00 and set an “overweight” rating on the stock in a report on Wednesday, August 30th. StockNews.com started coverage on shares of NextEra Energy in a research report on Thursday, August 17th. They issued a “hold” rating for the company. Guggenheim cut their target price on shares of NextEra Energy from $92.00 to $86.00 in a research report on Friday, July 7th. Morgan Stanley cut their target price on shares of NextEra Energy from $93.00 to $90.00 and set an “overweight” rating for the company in a research report on Wednesday, August 23rd. Finally, The Goldman Sachs Group started coverage on shares of NextEra Energy in a research report on Wednesday, June 7th. They issued a “buy” rating and a $90.00 target price for the company. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $87.90.

NextEra Energy Stock Performance

NextEra Energy stock opened at $68.24 on Tuesday. The company has a current ratio of 0.53, a quick ratio of 0.45 and a debt-to-equity ratio of 1.14. The firm has a 50-day moving average of $69.78 and a 200-day moving average of $73.42. The firm has a market cap of $138.10 billion, a P/E ratio of 16.89, a P/E/G ratio of 2.63 and a beta of 0.47. NextEra Energy, Inc. has a 1-year low of $65.36 and a 1-year high of $88.61.

NextEra Energy (NYSE:NEE) last posted its earnings results on Tuesday, July 25th. The utilities provider reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.07. NextEra Energy had a net margin of 30.05% and a return on equity of 12.25%. The company had revenue of $7.35 billion during the quarter, compared to analyst estimates of $6.68 billion. During the same period in the prior year, the business posted $0.81 earnings per share. Sell-side analysts expect that NextEra Energy, Inc. will post 3.12 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Wednesday, August 30th were paid a $0.4675 dividend. This represents a $1.87 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend was Tuesday, August 29th. NextEra Energy’s payout ratio is currently 46.29%.

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, coal, and natural gas facilities. 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.