BankPlus Trust Department Grows Stock Position in NextEra Energy, Inc. $NEE

BankPlus Trust Department increased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 10.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 32,129 shares of the utilities provider’s stock after buying an additional 3,123 shares during the quarter. BankPlus Trust Department’s holdings in NextEra Energy were worth $2,230,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NEE. Brighton Jones LLC raised its position in NextEra Energy by 7.0% in the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock valued at $2,028,000 after purchasing an additional 1,840 shares during the period. Revolve Wealth Partners LLC raised its position in NextEra Energy by 6.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock valued at $348,000 after purchasing an additional 298 shares during the period. Miracle Mile Advisors LLC raised its position in NextEra Energy by 17.7% in the first quarter. Miracle Mile Advisors LLC now owns 15,125 shares of the utilities provider’s stock valued at $1,072,000 after purchasing an additional 2,276 shares during the period. Daymark Wealth Partners LLC raised its position in NextEra Energy by 2.1% in the first quarter. Daymark Wealth Partners LLC now owns 42,248 shares of the utilities provider’s stock valued at $2,995,000 after purchasing an additional 857 shares during the period. Finally, Farther Finance Advisors LLC raised its position in NextEra Energy by 30.4% in the first quarter. Farther Finance Advisors LLC now owns 50,087 shares of the utilities provider’s stock valued at $3,552,000 after purchasing an additional 11,665 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insider Activity

In related news, EVP Michael Dunne sold 10,000 shares of the business’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $70.79, for a total value of $707,900.00. Following the completion of the sale, the executive vice president directly owned 62,064 shares of the company’s stock, valued at $4,393,510.56. The trade was a 13.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Mark Lemasney sold 846 shares of the business’s stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $74.90, for a total transaction of $63,365.40. Following the completion of the sale, the executive vice president directly owned 9,267 shares of the company’s stock, valued at approximately $694,098.30. This trade represents a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,705 shares of company stock valued at $2,446,490. Insiders own 0.18% of the company’s stock.

NextEra Energy Stock Performance

Shares of NEE stock opened at $83.28 on Wednesday. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. The firm has a fifty day moving average price of $73.43 and a 200 day moving average price of $71.44. The company has a market cap of $171.50 billion, a P/E ratio of 29.12, a PEG ratio of 2.83 and a beta of 0.66. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.00.

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

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Thursday, August 28th were paid a dividend of $0.5665 per share. The ex-dividend date was Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.7%. NextEra Energy’s payout ratio is presently 79.37%.

Analysts Set New Price Targets

NEE has been the topic of a number of research analyst reports. Evercore ISI set a $92.00 target price on NextEra Energy and gave the company an “outperform” rating in a research report on Monday. Mizuho set a $78.00 price target on shares of NextEra Energy in a research note on Thursday, August 21st. JPMorgan Chase & Co. boosted their price target on shares of NextEra Energy from $86.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, August 22nd. Morgan Stanley restated an “overweight” rating and issued a $95.00 price target (down previously from $96.00) on shares of NextEra Energy in a research note on Thursday, September 25th. Finally, BMO Capital Markets boosted their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, NextEra Energy currently has an average rating of “Moderate Buy” and a consensus target price of $85.08.

NextEra Energy Company Profile

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.