Security National Bank boosted its position in NextEra Energy Inc (NYSE:NEE) by 1.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,096 shares of the utilities provider’s stock after purchasing an additional 180 shares during the quarter. Security National Bank’s holdings in NextEra Energy were worth $2,273,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Manhattan Co. boosted its stake in NextEra Energy by 2.1% in the 1st quarter. First Manhattan Co. now owns 4,510 shares of the utilities provider’s stock valued at $872,000 after purchasing an additional 93 shares during the period. Sowell Financial Services LLC lifted its position in shares of NextEra Energy by 7.3% during the 4th quarter. Sowell Financial Services LLC now owns 2,635 shares of the utilities provider’s stock valued at $458,000 after acquiring an additional 180 shares during the period. Great Lakes Advisors LLC lifted its position in shares of NextEra Energy by 18.4% during the 1st quarter. Great Lakes Advisors LLC now owns 10,653 shares of the utilities provider’s stock valued at $2,059,000 after acquiring an additional 1,652 shares during the period. Pictet Asset Management Ltd. lifted its position in shares of NextEra Energy by 23.6% during the 1st quarter. Pictet Asset Management Ltd. now owns 2,021,758 shares of the utilities provider’s stock valued at $390,846,000 after acquiring an additional 385,763 shares during the period. Finally, Wetherby Asset Management Inc. lifted its position in shares of NextEra Energy by 14.4% during the 1st quarter. Wetherby Asset Management Inc. now owns 9,052 shares of the utilities provider’s stock valued at $1,750,000 after acquiring an additional 1,142 shares during the period. Institutional investors and hedge funds own 75.86% of the company’s stock.

A number of analysts have recently weighed in on NEE shares. Bank of America reiterated an “underperform” rating and set a $1.25 target price (down from $4.50) on shares of Superior Energy Services in a research report on Tuesday, June 25th. Barclays reiterated a “top pick” rating and set a GBX 3,250 ($42.47) target price on shares of in a research report on Wednesday, June 19th. KeyCorp started coverage on Southern in a research report on Tuesday, June 4th. They set a “sector weight” rating for the company. Credit Suisse Group set a €59.00 ($68.60) target price on Renault and gave the company a “neutral” rating in a research report on Friday. Finally, Zacks Investment Research raised Triple-S Management from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Monday, April 29th. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. NextEra Energy currently has a consensus rating of “Buy” and an average target price of $210.50.

NEE traded up $1.41 on Monday, reaching $210.58. The stock had a trading volume of 52,803 shares, compared to its average volume of 1,435,370. NextEra Energy Inc has a fifty-two week low of $164.25 and a fifty-two week high of $212.50. The firm’s 50-day moving average price is $207.16. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.52 and a quick ratio of 0.42. The stock has a market cap of $100.44 billion, a P/E ratio of 27.36, a price-to-earnings-growth ratio of 3.12 and a beta of 0.26.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, July 24th. The utilities provider reported $2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.28 by $0.07. NextEra Energy had a return on equity of 10.46% and a net margin of 18.73%. The business had revenue of $4.97 billion during the quarter, compared to analysts’ expectations of $4.68 billion. During the same quarter in the prior year, the firm earned $2.08 EPS. The business’s revenue for the quarter was up 22.3% compared to the same quarter last year. As a group, analysts predict that NextEra Energy Inc will post 8.36 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Thursday, August 29th will be paid a $1.25 dividend. The ex-dividend date is Wednesday, August 28th. This represents a $5.00 annualized dividend and a dividend yield of 2.37%. NextEra Energy’s payout ratio is 64.94%.

In other news, EVP Charles E. Sieving sold 5,916 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $192.20, for a total value of $1,137,055.20. Following the completion of the sale, the executive vice president now owns 51,454 shares of the company’s stock, valued at $9,889,458.80. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Rudy E. Schupp sold 1,600 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $202.90, for a total value of $324,640.00. Following the completion of the sale, the director now directly owns 18,315 shares of the company’s stock, valued at approximately $3,716,113.50. The disclosure for this sale can be found here. In the last three months, insiders sold 107,216 shares of company stock valued at $21,354,766. Insiders own 0.48% of the company’s stock.

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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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