Security National Bank Acquires 4,329 Shares of NextEra Energy, Inc. (NYSE:NEE)

Security National Bank lifted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 5.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 90,438 shares of the utilities provider’s stock after acquiring an additional 4,329 shares during the period. NextEra Energy makes up approximately 0.9% of Security National Bank’s portfolio, making the stock its 27th biggest position. Security National Bank’s holdings in NextEra Energy were worth $5,780,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Acadian Asset Management LLC increased its holdings in shares of NextEra Energy by 57.3% in the third quarter. Acadian Asset Management LLC now owns 31,713 shares of the utilities provider’s stock worth $1,815,000 after purchasing an additional 11,546 shares during the period. Cary Street Partners Investment Advisory LLC raised its stake in NextEra Energy by 13.0% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 12,780 shares of the utilities provider’s stock worth $732,000 after buying an additional 1,466 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in NextEra Energy by 133.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 18,728 shares of the utilities provider’s stock worth $1,073,000 after buying an additional 10,720 shares in the last quarter. Cadence Bank raised its stake in NextEra Energy by 13.5% in the third quarter. Cadence Bank now owns 11,835 shares of the utilities provider’s stock worth $678,000 after buying an additional 1,407 shares in the last quarter. Finally, Operose Advisors LLC bought a new position in NextEra Energy in the third quarter worth about $109,000. 78.72% of the stock is owned by institutional investors.

NextEra Energy Trading Up 0.3 %

Shares of NextEra Energy stock traded up $0.25 on Wednesday, reaching $73.23. The company had a trading volume of 6,262,495 shares, compared to its average volume of 11,871,472. The firm’s 50 day moving average price is $72.74 and its two-hundred day moving average price is $64.26. The firm has a market cap of $150.45 billion, a PE ratio of 19.83, a PEG ratio of 2.50 and a beta of 0.56. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $80.47. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.43 and a current ratio of 0.51.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. The business had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $6.28 billion. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The business’s revenue was down 14.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.84 EPS. Sell-side analysts predict that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend was Monday, June 3rd. NextEra Energy’s dividend payout ratio (DPR) is currently 56.13%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Scotiabank increased their price target on shares of NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a research note on Monday, April 22nd. JPMorgan Chase & Co. raised their target price on shares of NextEra Energy from $76.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, June 20th. Bank of America raised their target price on shares of NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, April 23rd. Royal Bank of Canada raised their target price on shares of NextEra Energy from $74.00 to $84.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. Finally, Barclays decreased their target price on shares of NextEra Energy from $74.00 to $73.00 and set an “equal weight” rating for the company in a research note on Thursday, June 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $76.50.

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,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.