Peoples Bank OH Reduces Stock Holdings in NextEra Energy, Inc. $NEE

Peoples Bank OH cut its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 9.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,175 shares of the utilities provider’s stock after selling 333 shares during the quarter. Peoples Bank OH’s holdings in NextEra Energy were worth $220,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of NEE. Brighton Jones LLC increased its holdings in NextEra Energy by 7.0% during the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock worth $2,028,000 after purchasing an additional 1,840 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in NextEra Energy by 6.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock worth $348,000 after purchasing an additional 298 shares during the last quarter. Fermata Advisors LLC increased its holdings in NextEra Energy by 74.7% during the 1st quarter. Fermata Advisors LLC now owns 7,506 shares of the utilities provider’s stock worth $532,000 after purchasing an additional 3,210 shares during the last quarter. Lake Street Private Wealth LLC increased its holdings in NextEra Energy by 52.9% during the 1st quarter. Lake Street Private Wealth LLC now owns 7,018 shares of the utilities provider’s stock worth $498,000 after purchasing an additional 2,427 shares during the last quarter. Finally, Breakwater Capital Group increased its holdings in NextEra Energy by 31.4% during the 1st quarter. Breakwater Capital Group now owns 12,612 shares of the utilities provider’s stock worth $894,000 after purchasing an additional 3,013 shares during the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Michael Dunne sold 10,000 shares of the business’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $70.79, for a total value of $707,900.00. Following the sale, the executive vice president owned 62,064 shares of the company’s stock, valued at approximately $4,393,510.56. The trade was a 13.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Robert Coffey sold 7,500 shares of the business’s stock in a transaction on Monday, July 28th. The stock was sold at an average price of $71.84, for a total value of $538,800.00. Following the completion of the sale, the executive vice president directly owned 26,539 shares in the company, valued at $1,906,561.76. This represents a 22.03% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 21,369 shares of company stock worth $1,539,610. Insiders own 0.20% of the company’s stock.

NextEra Energy Trading Up 2.5%

NYSE:NEE opened at $80.12 on Friday. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.00. The firm has a market capitalization of $164.98 billion, a P/E ratio of 28.01, a P/E/G ratio of 2.69 and a beta of 0.66. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45. The business has a 50 day simple moving average of $72.99 and a 200 day simple moving average of $71.28.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The business had revenue of $6.70 billion during the quarter, compared to analyst estimates of $7.52 billion. During the same quarter in the previous year, the firm posted $0.96 EPS. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. Equities research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were given a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Thursday, August 28th. NextEra Energy’s payout ratio is 79.37%.

Analyst Ratings Changes

NEE has been the subject of a number of research analyst reports. Mizuho set a $78.00 price target on NextEra Energy in a report on Thursday, August 21st. Melius Research upgraded NextEra Energy to a “strong-buy” rating in a report on Wednesday, August 20th. HSBC lowered their price target on NextEra Energy from $88.00 to $86.00 and set a “buy” rating for the company in a report on Friday, July 11th. Morgan Stanley reiterated an “overweight” rating and issued a $95.00 price target (down from $96.00) on shares of NextEra Energy in a report on Thursday, September 25th. Finally, Barclays boosted their price target on NextEra Energy from $65.00 to $67.00 and gave the company an “equal weight” rating in a report on Thursday, July 10th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $84.08.

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.