Adirondack Trust Co. Decreases Position in NextEra Energy, Inc. (NYSE:NEE)

Adirondack Trust Co. cut its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.7% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 27,609 shares of the utilities provider’s stock after selling 197 shares during the period. NextEra Energy makes up approximately 0.9% of Adirondack Trust Co.’s holdings, making the stock its 25th largest holding. Adirondack Trust Co.’s holdings in NextEra Energy were worth $2,334,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NEE. Intech Investment Management LLC grew its stake in shares of NextEra Energy by 35.7% during the first quarter. Intech Investment Management LLC now owns 100,308 shares of the utilities provider’s stock valued at $6,411,000 after acquiring an additional 26,382 shares in the last quarter. Ancora Advisors LLC boosted its holdings in NextEra Energy by 10.6% in the first quarter. Ancora Advisors LLC now owns 79,994 shares of the utilities provider’s stock valued at $5,112,000 after purchasing an additional 7,677 shares during the last quarter. Magnolia Capital Advisors LLC grew its stake in 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 valued at $5,130,000 after purchasing an additional 66,982 shares in the last quarter. Raymond James & Associates increased 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 worth $421,831,000 after purchasing an additional 2,163,437 shares during the last quarter. Finally, Studio Investment Management LLC raised its position in shares of NextEra Energy by 12.9% in the 4th quarter. Studio Investment Management LLC now owns 94,852 shares of the utilities provider’s stock valued at $5,761,000 after purchasing an additional 10,837 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insider Activity

In other NextEra Energy 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 transaction, the executive vice president now directly owns 100 shares of the company’s stock, valued at $7,697. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

NextEra Energy Stock Up 0.1 %

NEE stock opened at $80.57 on Thursday. NextEra Energy, Inc. has a 52 week low of $49.52 and a 52 week high of $86.10. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $165.53 billion, a price-to-earnings ratio of 21.95, a price-to-earnings-growth ratio of 3.08 and a beta of 0.56. The firm’s 50-day moving average is $80.98 and its two-hundred day moving average is $74.51.

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

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were given a $0.515 dividend. The ex-dividend date was Friday, August 30th. This represents a $2.06 annualized dividend and a dividend yield of 2.56%. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Wall Street Analyst Weigh In

NEE has been the subject of a number of research analyst reports. BMO Capital Markets lifted their price target on shares of NextEra Energy from $79.00 to $83.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Mizuho downgraded NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price target for the company. in a research note on Wednesday, June 12th. Royal Bank of Canada upped their price objective on NextEra Energy from $74.00 to $84.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. Barclays boosted their target price on shares of NextEra Energy from $76.00 to $80.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 1st. Finally, Dbs Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. 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. According to data from MarketBeat, NextEra Energy currently 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.