NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Hills Bank & Trust Co

Hills Bank & Trust Co lessened its holdings in NextEra Energy, Inc. (NYSE:NEE) by 41.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,689 shares of the utilities provider’s stock after selling 11,294 shares during the period. Hills Bank & Trust Co’s holdings in NextEra Energy were worth $953,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Mizuho Markets Americas LLC bought a new position in shares of NextEra Energy in the 3rd quarter worth about $141,817,000. Nordea Investment Management AB grew its position in NextEra Energy by 59.1% during the 3rd quarter. Nordea Investment Management AB now owns 5,784,080 shares of the utilities provider’s stock worth $337,096,000 after purchasing an additional 2,148,205 shares in the last quarter. International Assets Investment Management LLC lifted its position in NextEra Energy by 7,999.6% in the 4th quarter. International Assets Investment Management LLC now owns 2,173,459 shares of the utilities provider’s stock worth $132,016,000 after buying an additional 2,146,625 shares in the last quarter. Vanguard Group Inc. increased its position in NextEra Energy by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock worth $11,368,065,000 after purchasing an additional 1,956,153 shares during the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of NextEra Energy during the 4th quarter worth $94,883,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Ratings Changes

NEE has been the topic of several recent analyst reports. Guggenheim lifted their price target on NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, January 22nd. Royal Bank of Canada restated an “outperform” rating and set a $74.00 price objective on shares of NextEra Energy in a report on Tuesday, January 30th. Barclays started coverage on NextEra Energy in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 target price on the stock. BMO Capital Markets upped their price target on NextEra Energy from $72.00 to $78.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Wells Fargo & Company boosted their price objective on NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, March 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $71.93.

NextEra Energy Stock Up 2.4 %

Shares of NEE stock traded up $1.73 on Thursday, hitting $74.58. 16,625,805 shares of the stock were exchanged, compared to its average volume of 11,961,621. The firm has a market capitalization of $153.22 billion, a P/E ratio of 20.32, a price-to-earnings-growth ratio of 2.58 and a beta of 0.50. The business has a 50-day moving average of $63.01 and a 200 day moving average of $60.03. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.12. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $78.53.

NextEra Energy (NYSE:NEE) last posted its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. The business had revenue of $5.73 billion for the quarter, compared to analyst estimates of $6.28 billion. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The firm’s revenue was down 14.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.84 EPS. Equities analysts anticipate that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were issued a dividend of $0.515 per share. The ex-dividend date was Monday, February 26th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 annualized dividend and a yield of 2.76%. NextEra Energy’s dividend payout ratio is 56.13%.

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.