Camden National Bank Decreases Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Camden National Bank cut its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.3% during the third quarter, HoldingsChannel.com reports. The firm owned 172,628 shares of the utilities provider’s stock after selling 5,899 shares during the quarter. NextEra Energy makes up 2.1% of Camden National Bank’s portfolio, making the stock its 8th biggest position. Camden National Bank’s holdings in NextEra Energy were worth $14,592,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in NEE. Ceeto Capital Group LLC lifted its position in NextEra Energy by 57.1% during the 1st quarter. Ceeto Capital Group LLC now owns 11,000 shares of the utilities provider’s stock valued at $703,000 after purchasing an additional 4,000 shares during the period. Talisman Wealth Advisors LLC lifted its position in NextEra Energy by 1.3% during the 1st quarter. Talisman Wealth Advisors LLC now owns 13,940 shares of the utilities provider’s stock valued at $891,000 after purchasing an additional 183 shares during the period. Beaird Harris Wealth Management LLC lifted its position in NextEra Energy by 97.5% during the 1st quarter. Beaird Harris Wealth Management LLC now owns 2,544 shares of the utilities provider’s stock valued at $163,000 after purchasing an additional 1,256 shares during the period. Mount Yale Investment Advisors LLC lifted its position in NextEra Energy by 2.2% during the 1st quarter. Mount Yale Investment Advisors LLC now owns 141,067 shares of the utilities provider’s stock valued at $9,016,000 after purchasing an additional 3,082 shares during the period. Finally, Zurich Insurance Group Ltd FI raised its position in shares of NextEra Energy by 12.0% in the 1st quarter. Zurich Insurance Group Ltd FI now owns 790,110 shares of the utilities provider’s stock valued at $50,496,000 after acquiring an additional 84,919 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Price Performance

Shares of NEE opened at $76.00 on Friday. The stock has a market capitalization of $156.29 billion, a P/E ratio of 22.49, a P/E/G ratio of 2.79 and a beta of 0.57. NextEra Energy, Inc. has a twelve month low of $53.95 and a twelve month high of $86.10. The company has a 50 day moving average of $80.90 and a 200-day moving average of $77.67. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.05. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The company had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $8.11 billion. During the same period last year, the business earned $0.94 EPS. The business’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, equities research analysts forecast that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be paid a $0.515 dividend. The ex-dividend date is Friday, November 22nd. This represents a $2.06 annualized dividend and a dividend yield of 2.71%. NextEra Energy’s dividend payout ratio is presently 60.95%.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the transaction, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at $1,193,401.44. The trade was a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.18% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Morgan Stanley cut their price target on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a research report on Friday. JPMorgan Chase & Co. increased their price target on shares of NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Wells Fargo & Company increased their price target on shares of NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research report on Tuesday, September 3rd. Guggenheim increased their price target on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, Royal Bank of Canada downgraded shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $86.85.

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.