AMG National Trust Bank Lowers Holdings in NextEra Energy, Inc. (NYSE:NEE)

AMG National Trust Bank lowered its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 12.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 65,820 shares of the utilities provider’s stock after selling 9,355 shares during the period. AMG National Trust Bank’s holdings in NextEra Energy were worth $5,564,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Aljian Capital Management LLC bought a new position in shares of NextEra Energy during the third quarter valued at approximately $397,000. Planning Directions Inc. purchased a new stake in NextEra Energy during the third quarter worth $273,000. Prudent Man Advisors LLC increased its holdings in shares of NextEra Energy by 2.1% in the 3rd quarter. Prudent Man Advisors LLC now owns 24,929 shares of the utilities provider’s stock valued at $2,107,000 after acquiring an additional 515 shares during the period. TrinityPoint Wealth LLC raised its position in shares of NextEra Energy by 2.7% in the 3rd quarter. TrinityPoint Wealth LLC now owns 24,339 shares of the utilities provider’s stock worth $2,057,000 after acquiring an additional 642 shares in the last quarter. Finally, Swiss National Bank lifted its stake in shares of NextEra Energy by 0.4% during the 3rd quarter. Swiss National Bank now owns 6,098,200 shares of the utilities provider’s stock worth $515,481,000 after purchasing an additional 21,400 shares during the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Trading Up 1.4 %

Shares of NYSE:NEE opened at $76.35 on Monday. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10. The business has a 50 day moving average of $81.53 and a two-hundred day moving average of $77.55. The company has a market capitalization of $157.01 billion, a PE ratio of 22.59, a PEG ratio of 2.76 and a beta of 0.57.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.05. The firm had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The business’s revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.94 EPS. As a group, analysts forecast that NextEra Energy, Inc. will post 3.41 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be issued a $0.515 dividend. The ex-dividend date is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a yield of 2.70%. NextEra Energy’s payout ratio is 60.95%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. JPMorgan Chase & Co. increased their price target on shares of NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Barclays boosted their target price on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Guggenheim raised their price target on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. BMO Capital Markets upped their price objective on shares of NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Finally, Dbs Bank cut shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $86.54.

Insiders Place Their Bets

In other news, EVP Nicole J. Daggs sold 4,007 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the transaction, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at $1,193,401.44. This represents a 20.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.18% of the stock is currently owned by company insiders.

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.