First Bancorp Inc ME Buys 498 Shares of NextEra Energy, Inc. $NEE

First Bancorp Inc ME lifted its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 6.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,032 shares of the utilities provider’s stock after acquiring an additional 498 shares during the quarter. First Bancorp Inc ME’s holdings in NextEra Energy were worth $558,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in NEE. Brighton Jones LLC boosted its stake in shares of NextEra Energy by 7.0% during the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock worth $2,028,000 after acquiring an additional 1,840 shares in the last quarter. Revolve Wealth Partners LLC grew its position in shares of NextEra Energy by 6.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock valued at $348,000 after purchasing an additional 298 shares during the last quarter. GAMMA Investing LLC grew its position in shares of NextEra Energy by 20.7% in the first quarter. GAMMA Investing LLC now owns 34,681 shares of the utilities provider’s stock valued at $2,459,000 after purchasing an additional 5,949 shares during the last quarter. Exchange Traded Concepts LLC grew its position in shares of NextEra Energy by 5.5% in the first quarter. Exchange Traded Concepts LLC now owns 4,390 shares of the utilities provider’s stock valued at $311,000 after purchasing an additional 228 shares during the last quarter. Finally, Boston Trust Walden Corp grew its position in shares of NextEra Energy by 1.6% in the first quarter. Boston Trust Walden Corp now owns 32,004 shares of the utilities provider’s stock valued at $2,269,000 after purchasing an additional 500 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Insider Activity

In other news, Treasurer James Michael May sold 2,177 shares of NextEra Energy stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total value of $168,717.50. Following the completion of the transaction, the treasurer owned 27,662 shares in the company, valued at approximately $2,143,805. The trade was a 7.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Mark Lemasney sold 846 shares of NextEra Energy stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $74.90, for a total transaction of $63,365.40. Following the completion of the transaction, the executive vice president owned 9,267 shares of the company’s stock, valued at $694,098.30. This trade represents a 8.37% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 32,705 shares of company stock valued at $2,446,490. 0.20% of the stock is owned by company insiders.

NextEra Energy Stock Down 0.7%

Shares of NEE opened at $84.48 on Friday. The stock has a market cap of $173.97 billion, a price-to-earnings ratio of 29.54, a P/E/G ratio of 2.85 and a beta of 0.66. 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 12 month low of $61.72 and a 12 month high of $86.74. The company has a 50-day moving average price of $75.54 and a two-hundred day moving average price of $72.24.

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

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders 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 yield of 2.7%. NextEra Energy’s dividend payout ratio (DPR) is currently 79.37%.

Wall Street Analyst Weigh In

NEE has been the topic of several research analyst reports. TD Cowen initiated coverage on NextEra Energy in a research report on Thursday. They issued a “buy” rating and a $98.00 price target on the stock. Cowen initiated coverage on NextEra Energy in a research report on Wednesday. They issued a “buy” rating on the stock. Morgan Stanley reaffirmed an “overweight” rating and issued a $95.00 price target (down from $96.00) on shares of NextEra Energy in a research report on Thursday, September 25th. BMO Capital Markets raised their price target on NextEra Energy from $77.00 to $81.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. Finally, Melius assumed coverage on NextEra Energy in a research report on Wednesday, August 20th. They issued a “buy” rating and a $77.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, NextEra Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.40.

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.