NextEra Energy, Inc. (NYSE:NEE) Shares Sold by First Western Trust Bank

First Western Trust Bank decreased its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 6.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,975 shares of the utilities provider’s stock after selling 5,144 shares during the quarter. First Western Trust Bank’s holdings in NextEra Energy were worth $5,786,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. United Bank boosted its holdings in NextEra Energy by 9.8% during the first quarter. United Bank now owns 9,966 shares of the utilities provider’s stock worth $844,000 after buying an additional 891 shares in the last quarter. LSV Asset Management lifted its holdings in NextEra Energy by 9.2% during the first quarter. LSV Asset Management now owns 32,180 shares of the utilities provider’s stock valued at $2,726,000 after purchasing an additional 2,700 shares in the last quarter. Brown Brothers Harriman & Co. lifted its holdings in NextEra Energy by 11.2% during the first quarter. Brown Brothers Harriman & Co. now owns 15,731 shares of the utilities provider’s stock valued at $1,333,000 after purchasing an additional 1,587 shares in the last quarter. Covestor Ltd lifted its holdings in NextEra Energy by 59.1% during the first quarter. Covestor Ltd now owns 878 shares of the utilities provider’s stock valued at $74,000 after purchasing an additional 326 shares in the last quarter. Finally, Ergoteles LLC purchased a new position in NextEra Energy during the first quarter valued at $793,000. Institutional investors and hedge funds own 76.48% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder Nextera Energy Inc bought 3,097,524 shares of the firm’s stock in a transaction on Friday, October 6th. The shares were bought at an average cost of $24.21 per share, for a total transaction of $74,991,056.04. Following the transaction, the insider now owns 4,097,524 shares of the company’s stock, valued at $99,201,056.04. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.38% of the company’s stock.

NextEra Energy Stock Performance

NEE traded down $0.16 during trading on Monday, hitting $57.21. The stock had a trading volume of 3,419,451 shares, compared to its average volume of 10,006,607. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.43 and a current ratio of 0.50. The firm has a market capitalization of $117.38 billion, a P/E ratio of 15.18, a PEG ratio of 2.23 and a beta of 0.54. The company’s 50-day moving average price is $58.16 and its 200 day moving average price is $67.32. NextEra Energy, Inc. has a twelve month low of $47.15 and a twelve month high of $88.61.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, October 24th. The utilities provider reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.08. The company had revenue of $7.17 billion for the quarter, compared to analysts’ expectations of $7.07 billion. NextEra Energy had a net margin of 27.82% and a return on equity of 12.15%. NextEra Energy’s revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.85 EPS. On average, equities research analysts forecast that NextEra Energy, Inc. will post 3.12 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be given a dividend of $0.4675 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $1.87 annualized dividend and a dividend yield of 3.27%. NextEra Energy’s payout ratio is currently 49.47%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Mizuho reduced their target price on shares of NextEra Energy from $91.00 to $65.00 and set a “buy” rating for the company in a research report on Thursday, September 28th. The Goldman Sachs Group reduced their target price on shares of NextEra Energy from $83.00 to $72.00 and set a “buy” rating for the company in a research report on Monday, October 2nd. JPMorgan Chase & Co. cut their price objective on shares of NextEra Energy from $85.00 to $80.00 and set an “overweight” rating for the company in a research report on Wednesday, August 30th. Wells Fargo & Company cut their price objective on shares of NextEra Energy from $105.00 to $84.00 in a research report on Monday, October 2nd. Finally, Wolfe Research cut their price objective on shares of NextEra Energy from $79.00 to $60.00 and set an “overweight” rating for the company in a research report on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $74.31.

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, 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.