NextEra Energy, Inc. (NYSE:NEE) Stock Holdings Boosted by Norway Savings Bank

Norway Savings Bank lifted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 26.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 9,800 shares of the utilities provider’s stock after acquiring an additional 2,020 shares during the period. Norway Savings Bank’s holdings in NextEra Energy were worth $770,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the company. First United Bank & Trust grew its position in shares of NextEra Energy by 5.4% during the third quarter. First United Bank & Trust now owns 11,614 shares of the utilities provider’s stock worth $912,000 after acquiring an additional 593 shares during the last quarter. Schneider Downs Wealth Management Advisors LP grew its position in shares of NextEra Energy by 3.6% during the third quarter. Schneider Downs Wealth Management Advisors LP now owns 8,679 shares of the utilities provider’s stock worth $681,000 after acquiring an additional 298 shares during the last quarter. Capital Asset Advisory Services LLC grew its position in shares of NextEra Energy by 10.0% during the third quarter. Capital Asset Advisory Services LLC now owns 10,322 shares of the utilities provider’s stock worth $810,000 after acquiring an additional 939 shares during the last quarter. Columbia Trust Co 01012016 grew its position in shares of NextEra Energy by 1.8% during the third quarter. Columbia Trust Co 01012016 now owns 10,255 shares of the utilities provider’s stock worth $806,000 after acquiring an additional 180 shares during the last quarter. Finally, Hollencrest Capital Management grew its position in shares of NextEra Energy by 79.4% during the third quarter. Hollencrest Capital Management now owns 8,278 shares of the utilities provider’s stock worth $650,000 after acquiring an additional 3,664 shares during the last quarter. Institutional investors and hedge funds own 74.55% of the company’s stock.

NYSE:NEE opened at $87.21 on Thursday. NextEra Energy, Inc. has a twelve month low of $68.33 and a twelve month high of $88.82. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.08. The company has a 50-day moving average of $83.22 and a 200-day moving average of $79.59. The firm has a market cap of $171.12 billion, a price-to-earnings ratio of 72.68, a price-to-earnings-growth ratio of 4.01 and a beta of 0.26.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Tuesday, October 19th. The utilities provider reported $0.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.03. NextEra Energy had a net margin of 14.40% and a return on equity of 11.07%. The company had revenue of $4.38 billion during the quarter, compared to analyst estimates of $5.40 billion. During the same quarter last year, the firm posted $0.67 EPS. The business’s revenue for the quarter was down 8.5% on a year-over-year basis. On average, research analysts forecast that NextEra Energy, Inc. will post 2.53 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 15th. Shareholders of record on Friday, November 26th will be paid a dividend of $0.385 per share. This represents a $1.54 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date is Wednesday, November 24th. NextEra Energy’s dividend payout ratio is presently 128.33%.

NEE has been the subject of a number of recent analyst reports. Seaport Res Ptn reiterated a “buy” rating on shares of NextEra Energy in a research report on Tuesday, October 19th. Morgan Stanley increased their target price on shares of NextEra Energy from $78.00 to $82.00 and gave the company an “equal weight” rating in a research report on Monday. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $86.29.

In other NextEra Energy news, CEO John W. Ketchum sold 12,151 shares of the company’s stock in a transaction dated Wednesday, September 15th. The shares were sold at an average price of $84.33, for a total transaction of $1,024,693.83. Following the completion of the sale, the chief executive officer now directly owns 84,895 shares of the company’s stock, valued at $7,159,195.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Ronald R. Reagan sold 4,545 shares of the company’s stock in a transaction dated Friday, November 19th. The shares were sold at an average price of $88.00, for a total transaction of $399,960.00. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by corporate insiders.

About NextEra Energy

NextEra Energy, Inc is an electric power and energy infrastructure company. It operates through the following segments: FPL & NEER. The FPL segment engages primarily in the generation, transmission, distribution and sale of electric energy in Florida. The NEER segment produces electricity from clean and renewable sources, including wind and solar.

Further Reading: Catch-Up Contributions

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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