First National Bank Sioux Falls decreased its stake in NextEra Energy Inc (NYSE:NEE) by 4.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,382 shares of the utilities provider’s stock after selling 68 shares during the period. First National Bank Sioux Falls’ holdings in NextEra Energy were worth $322,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Krane Funds Advisors LLC bought a new stake in NextEra Energy in the second quarter worth about $25,000. TRUE Private Wealth Advisors bought a new stake in shares of NextEra Energy in the second quarter valued at approximately $25,000. Manchester Financial Inc. bought a new stake in shares of NextEra Energy in the second quarter valued at approximately $26,000. First PREMIER Bank bought a new stake in shares of NextEra Energy in the third quarter valued at approximately $33,000. Finally, Legacy Advisors LLC raised its position in shares of NextEra Energy by 1,000.0% in the second quarter. Legacy Advisors LLC now owns 165 shares of the utilities provider’s stock valued at $34,000 after purchasing an additional 150 shares during the period. 76.09% of the stock is currently owned by institutional investors and hedge funds.
NYSE:NEE traded down $2.12 during mid-day trading on Friday, hitting $229.88. 1,038,770 shares of the stock traded hands, compared to its average volume of 2,084,687. The business’s 50-day moving average price is $224.84 and its 200 day moving average price is $207.46. The company has a market cap of $110.18 billion, a PE ratio of 29.85, a price-to-earnings-growth ratio of 3.43 and a beta of 0.18. NextEra Energy Inc has a 12-month low of $164.78 and a 12-month high of $234.27. The company has a quick ratio of 0.42, a current ratio of 0.52 and a debt-to-equity ratio of 0.88.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Thursday, August 29th were paid a dividend of $1.25 per share. The ex-dividend date of this dividend was Wednesday, August 28th. This represents a $5.00 annualized dividend and a yield of 2.18%. NextEra Energy’s dividend payout ratio is currently 64.94%.
In other NextEra Energy news, Director Sherry S. Barrat sold 4,700 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $218.57, for a total value of $1,027,279.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO James L. Robo sold 44,537 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $216.85, for a total transaction of $9,657,848.45. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 97,576 shares of company stock valued at $21,514,886. 0.48% of the stock is owned by corporate insiders.
NEE has been the topic of several research reports. Morgan Stanley set a $233.00 price target on shares of NextEra Energy and gave the company a “buy” rating in a research report on Friday, August 16th. Credit Suisse Group boosted their price target on shares of NextEra Energy from $231.00 to $232.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Wells Fargo & Co set a $240.00 price target on shares of NextEra Energy and gave the company a “buy” rating in a research report on Tuesday, September 3rd. ValuEngine lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Bank of America boosted their price target on shares of NextEra Energy from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Tuesday, June 25th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $219.85.
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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.
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