NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Trust Co. of Oklahoma

Trust Co. of Oklahoma lowered its holdings in NextEra Energy, Inc. (NYSE:NEE) by 6.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,474 shares of the utilities provider’s stock after selling 331 shares during the period. Trust Co. of Oklahoma’s holdings in NextEra Energy were worth $378,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Intech Investment Management LLC grew its holdings in shares of NextEra Energy by 35.7% in the first quarter. Intech Investment Management LLC now owns 100,308 shares of the utilities provider’s stock valued at $6,411,000 after purchasing an additional 26,382 shares in the last quarter. Ancora Advisors LLC grew its holdings in shares of NextEra Energy by 10.6% in the first quarter. Ancora Advisors LLC now owns 79,994 shares of the utilities provider’s stock valued at $5,112,000 after purchasing an additional 7,677 shares in the last quarter. Magnolia Capital Advisors LLC grew its holdings in shares of NextEra Energy by 1,224.3% in the second quarter. Magnolia Capital Advisors LLC now owns 72,453 shares of the utilities provider’s stock valued at $5,130,000 after purchasing an additional 66,982 shares in the last quarter. Raymond James & Associates grew its holdings in shares of NextEra Energy by 57.0% in the second quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider’s stock valued at $421,831,000 after purchasing an additional 2,163,437 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC grew its holdings in shares of NextEra Energy by 44.8% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 34,078 shares of the utilities provider’s stock valued at $2,413,000 after purchasing an additional 10,538 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Nicole J. Daggs sold 658 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $76.97, for a total value of $50,646.26. Following the sale, the executive vice president now directly owns 100 shares of the company’s stock, valued at approximately $7,697. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.18% of the stock is owned by insiders.

Analyst Ratings Changes

NEE has been the subject of several analyst reports. Morgan Stanley boosted their price target on shares of NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. Dbs Bank cut shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Jefferies Financial Group initiated coverage on shares of NextEra Energy in a report on Thursday, September 19th. They set a “hold” rating and a $87.00 price target for the company. Bank of America boosted their price target 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. Finally, Wells Fargo & Company boosted their price target on shares of NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a report on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, NextEra Energy presently has a consensus rating of “Hold” and an average price target of $83.07.

NextEra Energy Stock Performance

NEE stock traded down $0.05 on Tuesday, hitting $82.86. The company’s stock had a trading volume of 5,205,709 shares, compared to its average volume of 10,783,329. The firm has a 50 day moving average of $81.30 and a two-hundred day moving average of $75.03. NextEra Energy, Inc. has a 1 year low of $50.95 and a 1 year high of $86.10. The stock has a market cap of $170.24 billion, a price-to-earnings ratio of 22.86, a price-to-earnings-growth ratio of 2.92 and a beta of 0.56. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.96 EPS for the quarter, beating the consensus estimate of $0.93 by $0.03. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The firm had revenue of $6.07 billion during the quarter, compared to the consensus estimate of $7.29 billion. During the same quarter in the prior year, the firm earned $0.88 EPS. Equities analysts predict that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were given a dividend of $0.515 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $2.06 dividend on an annualized basis and a yield of 2.49%. NextEra Energy’s payout ratio is currently 56.13%.

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.