Ledyard National Bank Sells 2,126 Shares of NextEra Energy, Inc. (NYSE:NEE)

Ledyard National Bank cut its holdings in NextEra Energy, Inc. (NYSE:NEE) by 4.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,163 shares of the utilities provider’s stock after selling 2,126 shares during the quarter. Ledyard National Bank’s holdings in NextEra Energy were worth $3,014,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of NEE. Wedmont Private Capital boosted its position in NextEra Energy by 37.0% during the 4th quarter. Wedmont Private Capital now owns 8,958 shares of the utilities provider’s stock valued at $564,000 after acquiring an additional 2,418 shares in the last quarter. Sound Income Strategies LLC boosted its position in NextEra Energy by 23.3% during the 4th quarter. Sound Income Strategies LLC now owns 26,087 shares of the utilities provider’s stock valued at $1,585,000 after acquiring an additional 4,927 shares in the last quarter. Sugarloaf Wealth Management LLC boosted its position in NextEra Energy by 7.6% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 2,912 shares of the utilities provider’s stock valued at $177,000 after acquiring an additional 206 shares in the last quarter. M. Kraus & Co boosted its position in NextEra Energy by 1.3% during the 4th quarter. M. Kraus & Co now owns 144,059 shares of the utilities provider’s stock valued at $8,750,000 after acquiring an additional 1,848 shares in the last quarter. Finally, City State Bank boosted its position in NextEra Energy by 6.8% during the 4th quarter. City State Bank now owns 13,487 shares of the utilities provider’s stock valued at $819,000 after acquiring an additional 856 shares in the last quarter. 78.72% of the stock is owned by institutional investors.

NextEra Energy Stock Performance

Shares of NYSE NEE traded up $0.78 during midday trading on Thursday, hitting $71.68. 10,212,304 shares of the stock traded hands, compared to its average volume of 11,779,292. NextEra Energy, Inc. has a one year low of $47.15 and a one year high of $80.47. The firm has a 50-day moving average of $74.17 and a two-hundred day moving average of $65.57. The firm has a market capitalization of $147.27 billion, a P/E ratio of 19.53, a PEG ratio of 2.46 and a beta of 0.54. 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 announced its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The company had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $6.28 billion. During the same period last year, the firm earned $0.84 EPS. NextEra Energy’s revenue for the quarter was down 14.7% compared to the same quarter last year. On average, equities analysts forecast that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were issued a $0.515 dividend. The ex-dividend date was Monday, June 3rd. This represents a $2.06 dividend on an annualized basis and a yield of 2.87%. NextEra Energy’s dividend payout ratio is currently 56.13%.

Analyst Ratings Changes

NEE has been the topic of several recent research reports. Barclays cut their price target on NextEra Energy from $73.00 to $72.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 9th. Evercore ISI upped their price target on NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a research note on Wednesday, June 12th. BMO Capital Markets upped their price target on NextEra Energy from $79.00 to $83.00 and gave the stock an “outperform” rating in a research note on Monday. Royal Bank of Canada upped their price target on NextEra Energy from $74.00 to $84.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 12th. Finally, Scotiabank upped their price target on NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a research note on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, NextEra Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.79.

NextEra Energy Company 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.