Associated Banc Corp Acquires 4,052 Shares of NextEra Energy, Inc. (NYSE:NEE)

Associated Banc Corp increased its position in NextEra Energy, Inc. (NYSE:NEE) by 2.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 198,652 shares of the utilities provider’s stock after acquiring an additional 4,052 shares during the quarter. Associated Banc Corp’s holdings in NextEra Energy were worth $16,792,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Truvestments Capital LLC boosted its position in shares of NextEra Energy by 3.5% in the third quarter. Truvestments Capital LLC now owns 67,027 shares of the utilities provider’s stock valued at $5,666,000 after acquiring an additional 2,272 shares during the period. Brown Brothers Harriman & Co. lifted its position in NextEra Energy by 1.9% during the third quarter. Brown Brothers Harriman & Co. now owns 33,743 shares of the utilities provider’s stock valued at $2,852,000 after purchasing an additional 633 shares during the last quarter. Loomis Sayles & Co. L P lifted its position in NextEra Energy by 7.8% during the third quarter. Loomis Sayles & Co. L P now owns 2,756 shares of the utilities provider’s stock valued at $233,000 after purchasing an additional 199 shares during the last quarter. DRW Securities LLC lifted its position in NextEra Energy by 575.4% during the third quarter. DRW Securities LLC now owns 98,806 shares of the utilities provider’s stock valued at $8,352,000 after purchasing an additional 84,177 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd lifted its position in NextEra Energy by 2,482.6% during the third quarter. Harvest Fund Management Co. Ltd now owns 594 shares of the utilities provider’s stock valued at $50,000 after purchasing an additional 571 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on NEE shares. JPMorgan Chase & Co. lifted their target price 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. Royal Bank of Canada lowered shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Bank of America boosted their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. Barclays boosted their price objective on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Finally, Morgan Stanley lowered their price objective on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a report on Friday. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $86.85.

Insider Activity

In related news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now owns 15,792 shares of the company’s stock, valued at $1,193,401.44. This trade represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Stock Up 1.2 %

NextEra Energy stock traded up $0.89 during trading hours on Monday, hitting $76.89. 989,331 shares of the stock traded hands, compared to its average volume of 10,847,422. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10. The firm’s 50-day moving average price is $80.90 and its two-hundred day moving average price is $77.75. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. The company has a market cap of $158.12 billion, a PE ratio of 22.49, a PEG ratio of 2.75 and a beta of 0.57.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The firm had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. During the same quarter in the previous year, the business posted $0.94 EPS. The company’s quarterly revenue was up 5.5% on a year-over-year basis. On average, research analysts forecast that NextEra Energy, Inc. will post 3.41 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be issued a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is 60.95%.

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.