AMG National Trust Bank Sells 9,355 Shares of NextEra Energy, Inc. (NYSE:NEE)

AMG National Trust Bank cut its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 12.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 65,820 shares of the utilities provider's stock after selling 9,355 shares during the period. AMG National Trust Bank's holdings in NextEra Energy were worth $5,564,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Proffitt & Goodson Inc. lifted its position in shares of NextEra Energy by 64.0% during the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider's stock worth $26,000 after purchasing an additional 144 shares in the last quarter. Semmax Financial Advisors Inc. lifted its position in shares of NextEra Energy by 197.4% during the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider's stock worth $26,000 after purchasing an additional 225 shares in the last quarter. Reston Wealth Management LLC acquired a new position in shares of NextEra Energy during the third quarter worth approximately $27,000. Valley Wealth Managers Inc. acquired a new position in shares of NextEra Energy during the second quarter worth approximately $33,000. Finally, Maryland Capital Advisors Inc. acquired a new position in shares of NextEra Energy during the third quarter worth approximately $39,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada downgraded shares of NextEra Energy from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, October 22nd. Guggenheim boosted their price target on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. BMO Capital Markets boosted their price target on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an "outperform" rating in a research note on Friday, October 18th. Dbs Bank downgraded shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 27th. Finally, Scotiabank upped their target price on shares of NextEra Energy from $73.00 to $92.00 and gave the company a "sector outperform" rating in a research note on Tuesday, August 20th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $86.54.

NextEra Energy Stock Up 0.1 %

Shares of NEE stock traded up $0.04 on Monday, hitting $76.39. 8,963,807 shares of the stock were exchanged, compared to its average volume of 10,944,021. The firm has a market capitalization of $157.09 billion, a P/E ratio of 22.60, a price-to-earnings-growth ratio of 2.76 and a beta of 0.57. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10. The business has a 50-day moving average of $81.43 and a 200 day moving average of $77.60. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, topping 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 company had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. During the same period in the prior year, the business posted $0.94 EPS. The company's quarterly revenue was up 5.5% on a year-over-year basis. Equities analysts anticipate that NextEra Energy, Inc. will post 3.41 EPS for the current year.

NextEra Energy Announces Dividend

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 of this dividend is Friday, November 22nd. This represents a $2.06 annualized dividend and a yield of 2.70%. NextEra Energy's dividend payout ratio (DPR) is currently 60.95%.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the transaction, the executive vice president now directly owns 15,792 shares of the company's stock, valued at $1,193,401.44. This represents a 20.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is currently owned by company insiders.

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.