Pioneer Trust Bank N A OR Has $6.08 Million Holdings in NextEra Energy, Inc. $NEE

Pioneer Trust Bank N A OR increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 87,618 shares of the utilities provider’s stock after purchasing an additional 3,700 shares during the quarter. NextEra Energy accounts for approximately 1.6% of Pioneer Trust Bank N A OR’s investment portfolio, making the stock its 27th largest position. Pioneer Trust Bank N A OR’s holdings in NextEra Energy were worth $6,082,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Arkfeld Wealth Strategies L.L.C. boosted its position in shares of NextEra Energy by 0.9% during the 2nd quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,249 shares of the utilities provider’s stock worth $1,140,000 after acquiring an additional 136 shares in the last quarter. Pine Haven Investment Counsel Inc lifted its stake in NextEra Energy by 2.3% during the second quarter. Pine Haven Investment Counsel Inc now owns 6,350 shares of the utilities provider’s stock worth $441,000 after purchasing an additional 140 shares during the last quarter. McKinley Carter Wealth Services Inc. boosted its holdings in shares of NextEra Energy by 0.4% in the 2nd quarter. McKinley Carter Wealth Services Inc. now owns 33,925 shares of the utilities provider’s stock valued at $2,355,000 after purchasing an additional 142 shares in the last quarter. Tradition Wealth Management LLC increased its stake in shares of NextEra Energy by 2.2% in the 1st quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider’s stock valued at $470,000 after purchasing an additional 143 shares during the last quarter. Finally, Tandem Capital Management Corp ADV raised its holdings in shares of NextEra Energy by 1.5% during the 2nd quarter. Tandem Capital Management Corp ADV now owns 9,965 shares of the utilities provider’s stock worth $692,000 after buying an additional 145 shares in the last quarter. 78.72% of the stock is owned by institutional investors.

NextEra Energy Trading Up 1.1%

NEE opened at $84.85 on Tuesday. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $87.53. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.55 and a quick ratio of 0.45. The firm has a market capitalization of $176.71 billion, a price-to-earnings ratio of 27.02, a PEG ratio of 2.76 and a beta of 0.69. The company’s 50 day moving average price is $78.43 and its two-hundred day moving average price is $74.18.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.09. The firm had revenue of $7.97 billion during the quarter, compared to the consensus estimate of $8.13 billion. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.03 earnings per share. As a group, research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 21st will be issued a dividend of $0.5665 per share. The ex-dividend date of this dividend is Friday, November 21st. This represents a $2.27 annualized dividend and a yield of 2.7%. NextEra Energy’s payout ratio is presently 71.97%.

Insider Buying and Selling at NextEra Energy

In related news, EVP Charles E. Sieving sold 11,336 shares of the company’s stock in a transaction that occurred on Friday, October 3rd. The stock was sold at an average price of $80.00, for a total value of $906,880.00. Following the sale, the executive vice president directly owned 167,481 shares in the company, valued at $13,398,480. This represents a 6.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Michael Dunne sold 10,000 shares of the stock in a transaction that occurred on Monday, September 8th. The shares were sold at an average price of $70.79, for a total transaction of $707,900.00. Following the sale, the executive vice president directly owned 62,064 shares of the company’s stock, valued at $4,393,510.56. This represents a 13.88% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 23,028 shares of company stock worth $1,738,973. Insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

NEE has been the topic of several research analyst reports. Wells Fargo & Company raised NextEra Energy to a “strong-buy” rating in a research note on Tuesday, October 28th. TD Cowen started coverage on shares of NextEra Energy in a research note on Thursday, October 16th. They issued a “buy” rating and a $98.00 price target on the stock. BMO Capital Markets increased their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. Citigroup restated a “buy” rating and issued a $96.00 target price (up previously from $84.00) on shares of NextEra Energy in a research report on Wednesday, October 29th. Finally, Argus set a $90.00 price target on shares of NextEra Energy in a report on Wednesday, October 29th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $90.22.

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.