OLD Point Trust & Financial Services N A Sells 886 Shares of NextEra Energy, Inc. $NEE

OLD Point Trust & Financial Services N A reduced its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 70,578 shares of the utilities provider’s stock after selling 886 shares during the quarter. NextEra Energy accounts for approximately 1.7% of OLD Point Trust & Financial Services N A’s holdings, 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 quarter.

A number of other large investors have also made changes to their positions in NEE. Avity Investment Management Inc. grew its stake in shares of NextEra Energy by 1.7% during the 2nd quarter. Avity Investment Management Inc. now owns 506,515 shares of the utilities provider’s stock valued at $35,162,000 after acquiring an additional 8,565 shares during the period. Integrity Alliance LLC. grew its stake in shares of NextEra Energy by 41.8% during the 1st quarter. Integrity Alliance LLC. now owns 25,092 shares of the utilities provider’s stock valued at $1,779,000 after acquiring an additional 7,401 shares during the period. Elyxium Wealth LLC bought a new position in shares of NextEra Energy during the 1st quarter valued at approximately $783,000. Czech National Bank grew its stake in shares of NextEra Energy by 6.5% during the 2nd quarter. Czech National Bank now owns 503,202 shares of the utilities provider’s stock valued at $34,932,000 after acquiring an additional 30,878 shares during the period. Finally, Bowman & Co S.C. grew its stake in shares of NextEra Energy by 2.0% during the 2nd quarter. Bowman & Co S.C. now owns 13,452 shares of the utilities provider’s stock valued at $933,000 after acquiring an additional 263 shares during the period. 78.72% of the stock is currently owned by institutional investors.

Insider Transactions at NextEra Energy

In other news, EVP Mark Lemasney sold 846 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $74.90, for a total transaction of $63,365.40. Following the sale, the executive vice president directly owned 9,267 shares of the company’s stock, valued at $694,098.30. This represents a 8.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Treasurer James Michael May sold 2,177 shares of the company’s stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total value of $168,717.50. Following the sale, the treasurer directly owned 27,662 shares in the company, valued at $2,143,805. This trade represents a 7.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,369 shares of company stock valued at $1,539,610 over the last 90 days. Insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

NEE has been the subject of a number of recent research reports. BMO Capital Markets boosted their price objective on NextEra Energy from $77.00 to $81.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. Barclays upped 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. JPMorgan Chase & Co. upped their price target on NextEra Energy from $86.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, August 22nd. Melius Research upgraded NextEra Energy to a “strong-buy” rating in a research note on Wednesday, August 20th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $84.08.

NextEra Energy Stock Down 0.9%

Shares of NEE opened at $75.50 on Wednesday. The stock has a market capitalization of $155.48 billion, a price-to-earnings ratio of 26.40, a price-to-earnings-growth ratio of 2.62 and a beta of 0.65. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10. The business’s 50 day simple moving average is $72.59 and its 200-day simple moving average is $71.12. 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 issued its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.04. The business had revenue of $6.70 billion for the quarter, compared to analysts’ expectations of $7.52 billion. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The company’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.96 EPS. As a group, equities analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently disclosed 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 3.0%. The ex-dividend date of this dividend was Thursday, August 28th. NextEra Energy’s dividend payout ratio is 79.37%.

About NextEra Energy

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.