Parkside Financial Bank & Trust Boosts Position in NextEra Energy, Inc. $NEE

Parkside Financial Bank & Trust raised its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 7.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 31,749 shares of the utilities provider’s stock after purchasing an additional 2,118 shares during the quarter. Parkside Financial Bank & Trust’s holdings in NextEra Energy were worth $2,204,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC increased its stake in shares of NextEra Energy by 7.0% in 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 in the last quarter. Revolve Wealth Partners LLC grew its holdings in NextEra Energy by 6.5% during 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. Brown Advisory Inc. increased its position in NextEra Energy by 2.7% in the first quarter. Brown Advisory Inc. now owns 242,727 shares of the utilities provider’s stock worth $17,207,000 after buying an additional 6,485 shares in the last quarter. Leavell Investment Management Inc. raised its stake in shares of NextEra Energy by 10.4% in the first quarter. Leavell Investment Management Inc. now owns 19,070 shares of the utilities provider’s stock worth $1,352,000 after buying an additional 1,790 shares during the period. Finally, Cerity Partners LLC lifted its position in shares of NextEra Energy by 9.6% during the 1st quarter. Cerity Partners LLC now owns 1,298,524 shares of the utilities provider’s stock valued at $92,052,000 after buying an additional 114,098 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

Shares of NextEra Energy stock opened at $83.92 on Friday. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.30. The stock’s fifty day moving average price is $78.17 and its 200-day moving average price is $73.95. The firm has a market cap of $174.76 billion, a P/E ratio of 26.72, a P/E/G ratio of 2.76 and a beta of 0.69. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $87.53.

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

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 21st will be issued a dividend of $0.5665 per share. The ex-dividend date is Friday, November 21st. This represents a $2.27 dividend on an annualized basis and a yield of 2.7%. NextEra Energy’s dividend payout ratio is currently 71.97%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on NEE. Evercore ISI reiterated an “outperform” rating and issued a $93.00 price target on shares of NextEra Energy in a research report on Tuesday, October 28th. Argus set a $90.00 target price on NextEra Energy in a research note on Wednesday, October 29th. New Street Research set a $84.00 price objective on shares of NextEra Energy in a report on Monday, October 13th. Weiss Ratings reissued a “hold (c+)” rating on shares of NextEra Energy in a report on Tuesday, October 14th. Finally, Mizuho raised their target price on shares of NextEra Energy from $78.00 to $88.00 and gave the company a “neutral” rating in a research note on Monday, October 27th. Three research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.22.

Insider Buying and Selling at NextEra Energy

In other news, EVP Mark Lemasney sold 846 shares of NextEra Energy stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $74.90, for a total value of $63,365.40. Following the transaction, the executive vice president directly owned 9,267 shares in the company, valued at approximately $694,098.30. This trade represents a 8.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Michael Dunne sold 10,000 shares of the company’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 $4,393,510.56. This trade represents a 13.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 23,028 shares of company stock valued at $1,738,973. 0.18% of the stock is currently owned by corporate insiders.

NextEra Energy 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.