Community Bank N.A. Sells 2,409 Shares of NextEra Energy, Inc. (NYSE:NEE)

Community Bank N.A. lowered its stake in NextEra Energy, Inc. (NYSE:NEE) by 4.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 52,358 shares of the utilities provider’s stock after selling 2,409 shares during the quarter. Community Bank N.A.’s holdings in NextEra Energy were worth $3,180,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BOK Financial Private Wealth Inc. bought a new stake in NextEra Energy in the fourth quarter valued at approximately $29,000. Alaska Permanent Fund Corp raised its holdings in shares of NextEra Energy by 59.8% during the third quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 208 shares in the last quarter. Valued Wealth Advisors LLC bought a new position in shares of NextEra Energy during the fourth quarter valued at approximately $34,000. Rakuten Securities Inc. bought a new position in shares of NextEra Energy during the fourth quarter valued at approximately $34,000. Finally, HBC Financial Services PLLC bought a new position in shares of NextEra Energy during the fourth quarter valued at approximately $36,000. Institutional investors own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

NEE has been the subject of a number of recent analyst reports. StockNews.com upgraded NextEra Energy from a “sell” rating to a “hold” rating in a report on Monday. BMO Capital Markets decreased their target price on NextEra Energy from $77.00 to $68.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. Morgan Stanley upped their target price on NextEra Energy from $77.00 to $79.00 and gave the company an “overweight” rating in a report on Monday. Guggenheim upped their target price on NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a report on Monday, January 22nd. Finally, Barclays assumed coverage on NextEra Energy in a research note on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 price target on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.21.

NextEra Energy Stock Up 0.5 %

Shares of NYSE NEE traded up $0.36 during trading on Wednesday, reaching $66.56. The company had a trading volume of 12,029,632 shares, compared to its average volume of 11,942,938. NextEra Energy, Inc. has a 12-month low of $47.15 and a 12-month high of $79.10. The stock has a market cap of $136.61 billion, a PE ratio of 18.44, a P/E/G ratio of 2.35 and a beta of 0.51. The business’s 50-day moving average is $60.47 and its 200 day moving average is $58.89. The company has a quick ratio of 0.47, a current ratio of 0.55 and a debt-to-equity ratio of 1.06.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. The firm had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $6.28 billion. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. The company’s quarterly revenue was down 14.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.84 earnings per share. As a group, equities analysts forecast that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were issued a dividend of $0.515 per share. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date of this dividend was Monday, February 26th. NextEra Energy’s dividend payout ratio is presently 57.06%.

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.