First United Bank & Trust Purchases 290 Shares of NextEra Energy, Inc. $NEE

First United Bank & Trust increased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 2.9% in the second quarter, Holdings Channel reports. The fund owned 10,135 shares of the utilities provider’s stock after purchasing an additional 290 shares during the quarter. First United Bank & Trust’s holdings in NextEra Energy were worth $704,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Union Bancaire Privee UBP SA lifted its holdings in NextEra Energy by 37.1% during the second quarter. Union Bancaire Privee UBP SA now owns 62,699 shares of the utilities provider’s stock worth $4,084,000 after buying an additional 16,981 shares during the period. Elwood & Goetz Wealth Advisory Group LLC lifted its stake in shares of NextEra Energy by 246.4% during the 2nd quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 16,145 shares of the utilities provider’s stock worth $1,121,000 after purchasing an additional 11,484 shares during the last quarter. Eagle Wealth Strategies LLC lifted its stake in shares of NextEra Energy by 1.4% during the 2nd quarter. Eagle Wealth Strategies LLC now owns 11,154 shares of the utilities provider’s stock worth $774,000 after purchasing an additional 149 shares during the last quarter. Robbins Farley boosted its position in NextEra Energy by 7.5% during the second quarter. Robbins Farley now owns 75,653 shares of the utilities provider’s stock valued at $5,252,000 after purchasing an additional 5,250 shares in the last quarter. Finally, Park Place Capital Corp grew its stake in NextEra Energy by 33.1% in the second quarter. Park Place Capital Corp now owns 20,163 shares of the utilities provider’s stock valued at $1,473,000 after purchasing an additional 5,009 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on NEE shares. Melius started coverage on shares of NextEra Energy in a research report on Wednesday, August 20th. They set a “buy” rating and a $77.00 target price for the company. BMO Capital Markets increased their price objective on NextEra Energy from $77.00 to $81.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Morgan Stanley restated an “overweight” rating and set a $95.00 target price (down from $96.00) on shares of NextEra Energy in a research note on Thursday. JPMorgan Chase & Co. raised their price target on NextEra Energy from $86.00 to $87.00 and gave the stock an “overweight” rating in a report on Friday, August 22nd. Finally, Melius Research upgraded shares of NextEra Energy to a “strong-buy” rating in a research note on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $84.08.

NextEra Energy Price Performance

NYSE:NEE opened at $76.20 on Tuesday. The company has a quick ratio of 0.45, a current ratio of 0.54 and a debt-to-equity ratio of 1.36. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10. The stock’s 50-day moving average price is $72.63 and its 200-day moving average price is $71.09. The stock has a market capitalization of $156.92 billion, a PE ratio of 26.64, a price-to-earnings-growth ratio of 2.61 and a beta of 0.65.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.04. NextEra Energy had a net margin of 22.84% and a return on equity of 12.31%. The business had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.52 billion. During the same quarter last year, the business earned $0.96 earnings per share. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. As a group, equities analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Thursday, August 28th were paid a dividend of $0.5665 per share. The ex-dividend date was Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.0%. NextEra Energy’s payout ratio is presently 79.02%.

Insiders Place Their Bets

In other news, Treasurer James Michael May sold 2,177 shares of the company’s stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total transaction of $168,717.50. Following the completion of the transaction, the treasurer directly owned 27,662 shares of the company’s stock, valued at approximately $2,143,805. This represents a 7.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Mark Lemasney sold 846 shares of the company’s stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $74.90, for a total value of $63,365.40. Following the completion of the sale, the executive vice president directly owned 9,267 shares of the company’s stock, valued at approximately $694,098.30. This trade represents a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,369 shares of company stock valued at $1,539,610. 0.20% of the stock is owned by insiders.

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.