Huntington National Bank Sells 1,209 Shares of NextEra Energy, Inc. $NEE

Huntington National Bank trimmed its position in NextEra Energy, Inc. (NYSE:NEE) by 0.1% during the second quarter, HoldingsChannel.com reports. The firm owned 1,038,674 shares of the utilities provider’s stock after selling 1,209 shares during the quarter. Huntington National Bank’s holdings in NextEra Energy were worth $72,105,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of NEE. GQG Partners LLC raised its holdings in NextEra Energy by 58.4% during the first quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider’s stock worth $1,221,896,000 after acquiring an additional 6,352,798 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in NextEra Energy by 20.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider’s stock worth $1,165,748,000 after acquiring an additional 2,815,629 shares in the last quarter. Amundi raised its holdings in NextEra Energy by 27.8% during the first quarter. Amundi now owns 12,200,990 shares of the utilities provider’s stock worth $878,447,000 after acquiring an additional 2,657,438 shares in the last quarter. Vanguard Group Inc. increased its position in NextEra Energy by 1.0% during the first quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider’s stock worth $14,697,086,000 after buying an additional 2,025,193 shares during the last quarter. Finally, Boston Partners increased its position in NextEra Energy by 55.3% during the first quarter. Boston Partners now owns 5,300,839 shares of the utilities provider’s stock worth $374,639,000 after buying an additional 1,886,999 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NEE has been the topic of several research reports. New Street Research set a $84.00 target price on NextEra Energy in a research report on Monday, October 13th. UBS Group reaffirmed a “buy” rating and issued a $96.00 target price (up previously from $84.00) on shares of NextEra Energy in a research report on Wednesday, October 29th. Morgan Stanley reissued an “overweight” rating and set a $95.00 price target (down previously from $96.00) on shares of NextEra Energy in a research report on Thursday, September 25th. Citigroup reissued a “buy” rating and set a $96.00 price target (up previously from $84.00) on shares of NextEra Energy in a research report on Wednesday, October 29th. Finally, Cowen began coverage on NextEra Energy in a research report on Wednesday, October 15th. They set a “buy” rating on the stock. Three analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $90.22.

Insider Activity

In other news, EVP Charles E. Sieving sold 11,336 shares of the stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $80.00, for a total value of $906,880.00. Following the completion of the transaction, the executive vice president directly owned 167,481 shares in the company, valued at approximately $13,398,480. This represents a 6.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael Dunne sold 10,000 shares of the 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 transaction, the executive vice president 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 disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 23,028 shares of company stock worth $1,738,973. Insiders own 0.20% of the company’s stock.

NextEra Energy Stock Up 0.6%

NYSE NEE opened at $81.90 on Tuesday. The business has a fifty day moving average price of $77.44 and a two-hundred day moving average price of $73.59. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.55 and a quick ratio of 0.45. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $87.53. The stock has a market capitalization of $170.56 billion, a PE ratio of 26.08, a PEG ratio of 2.76 and a beta of 0.66.

NextEra Energy (NYSE:NEE) last released its earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.09. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The firm had revenue of $7.97 billion during the quarter, compared to analysts’ expectations of $8.13 billion. During the same period in the prior year, the company earned $1.03 earnings per share. The company’s quarterly revenue was up 5.3% on a year-over-year basis. Equities analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 21st will be paid a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Friday, November 21st. NextEra Energy’s dividend payout ratio is presently 71.97%.

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.