First American Bank Buys 18,305 Shares of NextEra Energy, Inc. $NEE

First American Bank lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 338.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 23,718 shares of the utilities provider’s stock after acquiring an additional 18,305 shares during the period. First American Bank’s holdings in NextEra Energy were worth $1,904,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Tripletail Wealth Management LLC bought a new position in NextEra Energy in the third quarter worth approximately $25,000. Goodman Advisory Group LLC bought a new stake in shares of NextEra Energy during the second quarter valued at approximately $25,000. Strive Asset Management LLC acquired a new position in shares of NextEra Energy during the third quarter worth approximately $29,000. Lodestone Wealth Management LLC acquired a new position in shares of NextEra Energy during the fourth quarter worth approximately $33,000. Finally, Howard Hughes Medical Institute bought a new position in shares of NextEra Energy in the 2nd quarter worth $31,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other NextEra Energy news, CEO John W. Ketchum sold 99,603 shares of the stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $89.34, for a total value of $8,898,532.02. Following the completion of the sale, the chief executive officer owned 305,933 shares in the company, valued at approximately $27,332,054.22. This trade represents a 24.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Charles E. Sieving sold 30,000 shares of NextEra Energy stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total transaction of $2,700,000.00. Following the transaction, the executive vice president directly owned 167,481 shares in the company, valued at approximately $15,073,290. This represents a 15.19% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 190,816 shares of company stock worth $17,075,619 in the last ninety days. 0.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Seaport Research Partners reduced their price target on shares of NextEra Energy from $56.00 to $55.00 and set a “sell” rating for the company in a research report on Monday, February 2nd. BTIG Research reiterated a “buy” rating and set a $103.00 price objective on shares of NextEra Energy in a report on Wednesday, January 28th. Argus set a $92.00 target price on shares of NextEra Energy and gave the stock a “buy” rating in a research report on Wednesday, January 28th. UBS Group upped their target price on shares of NextEra Energy from $91.00 to $104.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Finally, Wall Street Zen cut shares of NextEra Energy from a “hold” rating to a “sell” rating in a research report on Saturday, March 28th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, NextEra Energy currently has a consensus rating of “Moderate Buy” and an average target price of $94.72.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $93.22 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.49 and a debt-to-equity ratio of 1.35. The stock’s fifty day simple moving average is $91.35 and its two-hundred day simple moving average is $84.93. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $95.91. The stock has a market cap of $194.23 billion, a PE ratio of 28.33 and a beta of 0.74.

NextEra Energy (NYSE:NEE) last posted its earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.01. The firm had revenue of $6.50 billion during the quarter, compared to analyst estimates of $7.07 billion. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. The business’s revenue was up 20.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.53 EPS. As a group, analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were given a $0.6232 dividend. This represents a $2.49 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Friday, February 27th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.57. NextEra Energy’s payout ratio is currently 75.68%.

NextEra Energy Company Profile

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.