Bangor Savings Bank Has $655,000 Position in NextEra Energy, Inc. (NYSE:NEE)

Bangor Savings Bank raised its stake in NextEra Energy, Inc. (NYSE:NEE) by 2.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,130 shares of the utilities provider’s stock after acquiring an additional 187 shares during the period. Bangor Savings Bank’s holdings in NextEra Energy were worth $655,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of NEE. Advance Capital Management Inc. increased its position in shares of NextEra Energy by 2.4% during the 4th quarter. Advance Capital Management Inc. now owns 8,135 shares of the utilities provider’s stock worth $583,000 after purchasing an additional 194 shares in the last quarter. Burkett Financial Services LLC raised its stake in shares of NextEra Energy by 1,229.6% in the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 332 shares during the last quarter. CWA Asset Management Group LLC boosted its holdings in shares of NextEra Energy by 24.0% in the 4th quarter. CWA Asset Management Group LLC now owns 21,245 shares of the utilities provider’s stock worth $1,523,000 after acquiring an additional 4,110 shares in the last quarter. Legacy Wealth Management LLC MS grew its position in NextEra Energy by 11.3% during the 4th quarter. Legacy Wealth Management LLC MS now owns 4,882 shares of the utilities provider’s stock worth $350,000 after acquiring an additional 494 shares during the last quarter. Finally, Nordea Investment Management AB increased its holdings in NextEra Energy by 20.9% during the 4th quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock valued at $634,703,000 after purchasing an additional 1,525,436 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Trading Down 1.3 %

NYSE:NEE opened at $71.06 on Tuesday. The firm has a market capitalization of $146.13 billion, a price-to-earnings ratio of 21.02, a PEG ratio of 2.66 and a beta of 0.56. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10. The business’s 50-day moving average price is $74.96 and its two-hundred day moving average price is $77.42. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. The firm had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.94 earnings per share. On average, equities analysts expect that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 22nd were issued a dividend of $0.515 per share. The ex-dividend date was Friday, November 22nd. This represents a $2.06 annualized dividend and a yield of 2.90%. NextEra Energy’s dividend payout ratio is presently 60.95%.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the sale, the executive vice president now directly owns 15,792 shares in the company, valued at approximately $1,193,401.44. This trade represents a 20.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on NEE. Guggenheim increased their target price on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Jefferies Financial Group started coverage on shares of NextEra Energy in a report on Thursday, September 19th. They set a “hold” rating and a $87.00 price objective on the stock. Dbs Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. Morgan Stanley decreased their price target on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. Finally, BMO Capital Markets boosted their price objective on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, NextEra Energy currently has an average rating of “Hold” and an average price target of $87.15.

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.