NextEra Energy, Inc. (NEE) Shares Sold by Fulton Bank N.A.

Fulton Bank N.A. lessened its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 38.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,385 shares of the utilities provider’s stock after selling 1,489 shares during the quarter. Fulton Bank N.A.’s holdings in NextEra Energy were worth $334,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Capital Investment Advisors LLC boosted its position in NextEra Energy by 13.4% during the second quarter. Capital Investment Advisors LLC now owns 6,111 shares of the utilities provider’s stock worth $856,000 after purchasing an additional 720 shares during the period. Private Trust Co. NA raised its stake in NextEra Energy by 15.8% in the second quarter. Private Trust Co. NA now owns 6,071 shares of the utilities provider’s stock valued at $850,000 after purchasing an additional 829 shares in the last quarter. Atria Investments LLC raised its stake in NextEra Energy by 5.3% in the second quarter. Atria Investments LLC now owns 8,127 shares of the utilities provider’s stock valued at $1,139,000 after purchasing an additional 408 shares in the last quarter. Capital One National Association raised its stake in NextEra Energy by 30.9% in the second quarter. Capital One National Association now owns 21,617 shares of the utilities provider’s stock valued at $3,030,000 after purchasing an additional 5,099 shares in the last quarter. Finally, Cardinal Capital Management Inc. raised its stake in NextEra Energy by 1.7% in the second quarter. Cardinal Capital Management Inc. now owns 97,533 shares of the utilities provider’s stock valued at $13,667,000 after purchasing an additional 1,655 shares in the last quarter. Hedge funds and other institutional investors own 75.41% of the company’s stock.

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In other news, Director James L. Robo sold 30,000 shares of the company’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $147.05, for a total transaction of $4,411,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John W. Ketchum sold 2,900 shares of the company’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $150.00, for a total value of $435,000.00. Following the transaction, the executive vice president now directly owns 18,786 shares of the company’s stock, valued at $2,817,900. The disclosure for this sale can be found here. Corporate insiders own 0.53% of the company’s stock.

NEE has been the topic of a number of recent analyst reports. BMO Capital Markets reaffirmed a “buy” rating and issued a $156.00 target price (up from $144.00) on shares of NextEra Energy in a research note on Friday, June 23rd. BidaskClub downgraded shares of NextEra Energy from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 13th. Goldman Sachs Group, Inc. (The) initiated coverage on shares of NextEra Energy in a research note on Monday, July 24th. They set a “buy” rating and a $160.00 price target on the stock. KeyCorp reissued a “buy” rating and set a $155.00 price target on shares of NextEra Energy in a research note on Friday, September 1st. Finally, Zacks Investment Research downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $151.15.

NextEra Energy, Inc. (NYSE:NEE) opened at 146.36 on Friday. NextEra Energy, Inc. has a 12 month low of $110.49 and a 12 month high of $151.60. The stock has a market cap of $68.68 billion, a price-to-earnings ratio of 16.76 and a beta of 0.33. The firm’s 50-day moving average price is $148.97 and its 200 day moving average price is $139.72.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.76 by $0.10. The firm had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.44 billion. NextEra Energy had a return on equity of 11.88% and a net margin of 24.26%. The company’s quarterly revenue was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.67 EPS. On average, analysts anticipate that NextEra Energy, Inc. will post $6.73 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, August 25th were paid a dividend of $0.9825 per share. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $3.93 annualized dividend and a yield of 2.69%. NextEra Energy’s payout ratio is 45.02%.

NextEra Energy Company Profile

NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.

Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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