Peoples Bank OH Cuts Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Peoples Bank OH lowered its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,751 shares of the utilities provider’s stock after selling 146 shares during the quarter. Peoples Bank OH’s holdings in NextEra Energy were worth $240,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of NextEra Energy by 1.0% during the third quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock worth $11,368,065,000 after acquiring an additional 1,956,153 shares during the period. Norges Bank purchased a new stake in shares of NextEra Energy during the fourth quarter worth $2,561,055,000. Charles Schwab Investment Management Inc. increased its holdings in NextEra Energy by 4.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,782,674 shares of the utilities provider’s stock valued at $654,940,000 after buying an additional 429,979 shares during the last quarter. Nordea Investment Management AB increased its holdings in NextEra Energy by 22.3% in the first quarter. Nordea Investment Management AB now owns 6,961,556 shares of the utilities provider’s stock valued at $443,834,000 after buying an additional 1,268,900 shares during the last quarter. Finally, 1832 Asset Management L.P. increased its holdings in NextEra Energy by 10.5% in the fourth quarter. 1832 Asset Management L.P. now owns 6,631,121 shares of the utilities provider’s stock valued at $402,774,000 after buying an additional 629,032 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

Shares of NEE traded up $0.03 during mid-day trading on Tuesday, hitting $72.14. 6,220,084 shares of the company’s stock were exchanged, compared to its average volume of 11,780,885. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $80.47. The firm has a market capitalization of $148.21 billion, a P/E ratio of 19.66, a P/E/G ratio of 2.47 and a beta of 0.54. The business’s 50 day moving average is $73.95 and its two-hundred day moving average is $65.04. 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 (NYSE:NEE) last announced its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.11. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The business had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter in the prior year, the firm earned $0.84 earnings per share. The business’s quarterly revenue was down 14.7% compared to the same quarter last year. On average, equities analysts expect that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were paid a dividend of $0.515 per share. The ex-dividend date was Monday, June 3rd. This represents a $2.06 annualized dividend and a dividend yield of 2.86%. NextEra Energy’s dividend payout ratio (DPR) is 56.13%.

Analysts Set New Price Targets

Several equities analysts recently commented on NEE shares. StockNews.com raised NextEra Energy from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. Scotiabank increased their target price on NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a report on Monday, April 22nd. Wells Fargo & Company reissued an “overweight” rating and issued a $95.00 target price on shares of NextEra Energy in a report on Wednesday, June 12th. BMO Capital Markets increased their target price on NextEra Energy from $78.00 to $79.00 and gave the company an “outperform” rating in a report on Wednesday, June 12th. Finally, Mizuho lowered NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 target price on the stock. in a report on Wednesday, June 12th. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $77.50.

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.