Stock Yards Bank & Trust Co. Has $42.18 Million Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Stock Yards Bank & Trust Co. trimmed its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 10.7% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 499,003 shares of the utilities provider's stock after selling 59,903 shares during the period. NextEra Energy accounts for about 1.4% of Stock Yards Bank & Trust Co.'s investment portfolio, making the stock its 18th biggest holding. Stock Yards Bank & Trust Co.'s holdings in NextEra Energy were worth $42,181,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Reston Wealth Management LLC bought a new position in shares of NextEra Energy in the 3rd quarter worth about $27,000. Semmax Financial Advisors Inc. lifted its holdings in NextEra Energy by 197.4% in the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider's stock worth $26,000 after acquiring an additional 225 shares during the last quarter. Proffitt & Goodson Inc. lifted its holdings in NextEra Energy by 64.0% in the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider's stock worth $26,000 after acquiring an additional 144 shares during the last quarter. Quarry LP bought a new position in shares of NextEra Energy during the third quarter valued at approximately $33,000. Finally, Valley Wealth Managers Inc. acquired a new stake in shares of NextEra Energy during the 2nd quarter worth approximately $33,000. Institutional investors and hedge funds own 78.72% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NEE. Morgan Stanley reduced their price objective on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a research report on Friday, November 22nd. Barclays increased 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. Guggenheim boosted their target price on shares of NextEra Energy from $90.00 to $92.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Bank of America upped their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a "neutral" rating in a research report on Thursday, August 29th. Finally, BMO Capital Markets lifted their price target on NextEra Energy from $83.00 to $91.00 and gave the company an "outperform" rating in a report on Friday, October 18th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, NextEra Energy has an average rating of "Hold" and a consensus target price of $87.15.

Insider Buying and Selling

In other news, EVP Nicole J. Daggs sold 4,007 shares of the business's stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the sale, the executive vice president now directly owns 15,792 shares of the company's stock, valued at $1,193,401.44. The trade was a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.18% of the company's stock.

NextEra Energy Price Performance

NEE traded down $0.76 during trading on Thursday, reaching $73.22. The stock had a trading volume of 6,966,001 shares, compared to its average volume of 10,809,233. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. The stock has a 50 day moving average of $78.85 and a two-hundred day moving average of $77.79. The firm has a market capitalization of $150.57 billion, a price-to-earnings ratio of 21.89, a price-to-earnings-growth ratio of 2.72 and a beta of 0.56.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.05. The business had revenue of $7.57 billion during the quarter, compared to analysts' expectations of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The company's quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the business posted $0.94 earnings per share. As a group, equities analysts anticipate that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be paid a $0.515 dividend. The ex-dividend date is Friday, November 22nd. This represents a $2.06 annualized dividend and a dividend yield of 2.81%. NextEra Energy's dividend payout ratio is currently 60.95%.

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,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.