First National Corp MA ADV Sells 204 Shares of NextEra Energy, Inc. (NYSE:NEE)

First National Corp MA ADV decreased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 2.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,981 shares of the utilities provider’s stock after selling 204 shares during the period. First National Corp MA ADV’s holdings in NextEra Energy were worth $590,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in NEE. Intech Investment Management LLC raised its holdings in NextEra Energy by 35.7% during the 1st quarter. Intech Investment Management LLC now owns 100,308 shares of the utilities provider’s stock valued at $6,411,000 after buying an additional 26,382 shares during the period. Ancora Advisors LLC lifted its holdings in shares of NextEra Energy by 10.6% in the 1st quarter. Ancora Advisors LLC now owns 79,994 shares of the utilities provider’s stock worth $5,112,000 after acquiring an additional 7,677 shares during the last quarter. Magnolia Capital Advisors LLC boosted its stake in shares of NextEra Energy by 1,224.3% during the 2nd quarter. Magnolia Capital Advisors LLC now owns 72,453 shares of the utilities provider’s stock worth $5,130,000 after purchasing an additional 66,982 shares during the period. Raymond James & Associates grew its holdings in NextEra Energy by 57.0% during the 2nd quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider’s stock valued at $421,831,000 after purchasing an additional 2,163,437 shares during the last quarter. Finally, Studio Investment Management LLC raised its position in NextEra Energy by 12.9% in the 4th quarter. Studio Investment Management LLC now owns 94,852 shares of the utilities provider’s stock worth $5,761,000 after purchasing an additional 10,837 shares during the period. 78.72% of the stock is owned by institutional investors.

Insider Transactions at NextEra Energy

In related news, EVP Nicole J. Daggs sold 658 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $76.97, for a total value of $50,646.26. Following the completion of the transaction, the executive vice president now owns 100 shares of the company’s stock, valued at approximately $7,697. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Stock Performance

Shares of NYSE:NEE traded down $0.38 during trading on Wednesday, hitting $80.12. The stock had a trading volume of 1,736,527 shares, compared to its average volume of 10,828,260. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15. NextEra Energy, Inc. has a 12-month low of $49.52 and a 12-month high of $86.10. The stock has a market capitalization of $164.61 billion, a price-to-earnings ratio of 21.93, a price-to-earnings-growth ratio of 3.08 and a beta of 0.56. The stock has a 50-day simple moving average of $80.98 and a two-hundred day simple moving average of $74.51.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 EPS for the quarter, beating the consensus estimate of $0.93 by $0.03. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The business had revenue of $6.07 billion during the quarter, compared to analysts’ expectations of $7.29 billion. During the same period in the previous year, the business posted $0.88 EPS. On average, equities research analysts expect that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were given a $0.515 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.06 annualized dividend and a yield of 2.57%. NextEra Energy’s dividend payout ratio is presently 56.13%.

Analyst Ratings Changes

A number of research firms have recently commented on NEE. BMO Capital Markets upped their target price on NextEra Energy from $79.00 to $83.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Wells Fargo & Company upped their price objective on NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research report on Tuesday, September 3rd. Barclays lifted their target price on NextEra Energy from $76.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 1st. Citigroup upped their price target on shares of NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, June 27th. Finally, Jefferies Financial Group started coverage on shares of NextEra Energy in a research report on Thursday, September 19th. They issued a “hold” rating and a $87.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $83.07.

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.