Bangor Savings Bank Sells 1,545 Shares of NextEra Energy, Inc. (NYSE:NEE)

Bangor Savings Bank lowered its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 16.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,585 shares of the utilities provider’s stock after selling 1,545 shares during the quarter. Bangor Savings Bank’s holdings in NextEra Energy were worth $538,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in NextEra Energy in the fourth quarter valued at about $3,484,197,000. Boston Partners bought a new position in shares of NextEra Energy in the fourth quarter worth about $244,169,000. Two Sigma Advisers LP bought a new position in shares of NextEra Energy in the fourth quarter worth about $240,269,000. Amundi raised its stake in shares of NextEra Energy by 49.8% in the fourth quarter. Amundi now owns 9,543,552 shares of the utilities provider’s stock worth $676,008,000 after acquiring an additional 3,172,405 shares during the last quarter. Finally, California Public Employees Retirement System raised its stake in shares of NextEra Energy by 46.7% in the fourth quarter. California Public Employees Retirement System now owns 7,910,346 shares of the utilities provider’s stock worth $567,093,000 after acquiring an additional 2,517,369 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on NEE shares. Wells Fargo & Company dropped their price target on shares of NextEra Energy from $102.00 to $97.00 and set an “overweight” rating for the company in a research note on Thursday, April 24th. Morgan Stanley reissued an “overweight” rating on shares of NextEra Energy in a research note on Wednesday, April 23rd. UBS Group dropped their price target on shares of NextEra Energy from $94.00 to $84.00 and set a “buy” rating for the company in a research note on Friday, May 23rd. Guggenheim reissued a “buy” rating and set a $89.00 price target on shares of NextEra Energy in a research note on Thursday, March 20th. Finally, BMO Capital Markets dropped their price target on shares of NextEra Energy from $84.00 to $77.00 and set an “outperform” rating for the company in a research note on Monday, April 14th. Eight equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $83.50.

NextEra Energy Trading Up 0.9%

Shares of NextEra Energy stock opened at $72.16 on Monday. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10. The company has a market cap of $148.55 billion, a price-to-earnings ratio of 21.41, a PEG ratio of 2.45 and a beta of 0.68. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The company’s 50-day moving average price is $68.45 and its 200-day moving average price is $70.55.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.99. The firm had revenue of $6.25 billion for the quarter, compared to the consensus estimate of $6.58 billion. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.91 earnings per share. On average, equities analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend is Monday, June 2nd. NextEra Energy’s dividend payout ratio is currently 84.64%.

Insider Transactions at NextEra Energy

In related news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $70.00, for a total value of $1,657,880.00. Following the completion of the sale, the executive vice president now directly owns 196,817 shares in the company, valued at approximately $13,777,190. This trade represents a 10.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is owned by insiders.

NextEra Energy 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.