Morton Community Bank Has $3.48 Million Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Morton Community Bank boosted its stake in NextEra Energy, Inc. (NYSE:NEE) by 3.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,089 shares of the utilities provider’s stock after purchasing an additional 1,573 shares during the quarter. Morton Community Bank’s holdings in NextEra Energy were worth $3,476,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Proffitt & Goodson Inc. boosted its position in shares of NextEra Energy by 64.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 144 shares in the last quarter. Clear Investment Research LLC increased its stake in shares of NextEra Energy by 387.2% in the 4th quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 364 shares during the last quarter. American Capital Advisory LLC raised its holdings in shares of NextEra Energy by 74.5% during the 1st quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock worth $31,000 after buying an additional 205 shares in the last quarter. Family Firm Inc. bought a new stake in shares of NextEra Energy during the 2nd quarter worth $40,000. Finally, Bbjs Financial Advisors LLC bought a new position in NextEra Energy in the second quarter valued at about $43,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Down 0.4 %

NEE stock traded down $0.35 during midday trading on Friday, hitting $79.98. The stock had a trading volume of 8,181,470 shares, compared to its average volume of 11,005,735. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15. The firm has a market cap of $164.32 billion, a P/E ratio of 21.79, a price-to-earnings-growth ratio of 2.92 and a beta of 0.56. The business has a fifty day moving average price of $76.13 and a two-hundred day moving average price of $70.40. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $82.14.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The company had revenue of $6.07 billion for the quarter, compared to the consensus estimate of $7.29 billion. During the same period in the previous year, the business earned $0.88 EPS. On average, sell-side analysts predict that NextEra Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend is Friday, August 30th. NextEra Energy’s dividend payout ratio (DPR) is 56.13%.

Analysts Set New Price Targets

A number of research firms recently issued reports on NEE. Evercore ISI upped their price objective on shares of NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a research report on Wednesday, June 12th. Citigroup increased their price target on NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. Bank of America boosted their price objective on NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Scotiabank increased their target price on NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. Finally, Wells Fargo & Company lifted their price target on NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research note on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $81.50.

Insider Activity

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total value of $50,646.26. Following the completion of the sale, the executive vice president now directly owns 100 shares in the company, valued at $7,697. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is currently owned by company 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.