STAR Financial Bank Has $287,000 Position in NextEra Energy, Inc. (NYSE:NEE)

STAR Financial Bank raised its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 8.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,054 shares of the utilities provider’s stock after acquiring an additional 309 shares during the quarter. STAR Financial Bank’s holdings in NextEra Energy were worth $287,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Aveo Capital Partners LLC grew its holdings in shares of NextEra Energy by 17.7% during the fourth quarter. Aveo Capital Partners LLC now owns 8,033 shares of the utilities provider’s stock worth $488,000 after purchasing an additional 1,206 shares during the last quarter. Gryphon Financial Partners LLC lifted its position in NextEra Energy by 49.7% during the 4th quarter. Gryphon Financial Partners LLC now owns 12,181 shares of the utilities provider’s stock worth $754,000 after buying an additional 4,046 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in NextEra Energy by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,989,487 shares of the utilities provider’s stock worth $242,327,000 after acquiring an additional 15,666 shares during the last quarter. Quotient Wealth Partners LLC acquired a new stake in NextEra Energy in the 4th quarter valued at about $756,000. Finally, Vise Technologies Inc. raised its stake in shares of NextEra Energy by 233.6% in the fourth quarter. Vise Technologies Inc. now owns 13,049 shares of the utilities provider’s stock worth $793,000 after acquiring an additional 9,138 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on NEE shares. Wells Fargo & Company boosted their target price on NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 3rd. Barclays boosted their price objective on NextEra Energy from $75.00 to $76.00 and gave the stock an “equal weight” rating in a report on Friday, August 16th. Evercore ISI raised their target price on shares of NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a research note on Wednesday, June 12th. Royal Bank of Canada boosted their price target on shares of NextEra Energy from $74.00 to $84.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 12th. Finally, BMO Capital Markets upped their target price on shares of NextEra Energy from $79.00 to $83.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $81.50.

NextEra Energy Stock Performance

NYSE:NEE opened at $82.30 on Wednesday. The stock has a 50 day simple moving average of $76.59 and a 200 day simple moving average of $70.84. The stock has a market cap of $169.16 billion, a P/E ratio of 22.43, a PEG ratio of 2.90 and a beta of 0.56. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $82.39. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The firm had revenue of $6.07 billion during the quarter, compared to the consensus estimate of $7.29 billion. During the same quarter in the previous year, the firm posted $0.88 EPS. Research analysts anticipate that NextEra Energy, Inc. will post 3.39 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date is Friday, August 30th. NextEra Energy’s dividend payout ratio is presently 56.13%.

Insider Activity

In other news, EVP Nicole J. Daggs sold 658 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $76.97, for a total value of $50,646.26. Following the completion of the transaction, the executive vice president now owns 100 shares of the company’s stock, valued at $7,697. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

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.