Atlantic Union Bankshares Corp Trims Stake in NextEra Energy, Inc. (NYSE:NEE)

Atlantic Union Bankshares Corp lessened its stake in NextEra Energy, Inc. (NYSE:NEE) by 4.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 100,301 shares of the utilities provider’s stock after selling 5,170 shares during the period. Atlantic Union Bankshares Corp’s holdings in NextEra Energy were worth $8,478,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in NEE. Reston Wealth Management LLC acquired a new stake in NextEra Energy during the third quarter valued at $27,000. Semmax Financial Advisors Inc. grew its position in shares of NextEra Energy by 197.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 225 shares during the period. Proffitt & Goodson Inc. grew its position in shares of NextEra Energy by 64.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 144 shares during the period. Valley Wealth Managers Inc. purchased a new position in shares of NextEra Energy in the 2nd quarter valued at about $33,000. Finally, Maryland Capital Advisors Inc. acquired a new position in NextEra Energy in the 3rd quarter worth about $39,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NEE. Jefferies Financial Group began coverage on NextEra Energy in a research report on Thursday, September 19th. They issued a “hold” rating and a $87.00 price objective for the company. Royal Bank of Canada cut shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. lifted their target price on shares of NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Morgan Stanley reduced their price target on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. Finally, Bank of America lifted their price objective on NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a report on Thursday, August 29th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $86.85.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the company’s 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 owns 15,792 shares of the company’s stock, valued at $1,193,401.44. This represents a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.18% of the company’s stock.

NextEra Energy Stock Performance

Shares of NextEra Energy stock opened at $78.52 on Friday. The business’s 50 day moving average price is $80.40 and its 200 day moving average price is $77.80. The company has a market cap of $161.47 billion, a price-to-earnings ratio of 23.23, a PEG ratio of 2.84 and a beta of 0.57. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, topping the consensus estimate of $0.98 by $0.05. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The business had revenue of $7.57 billion for the quarter, compared to analyst estimates of $8.11 billion. During the same quarter in the previous year, the firm earned $0.94 EPS. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, research analysts predict that NextEra Energy, Inc. will post 3.41 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be issued a dividend of $0.515 per share. The ex-dividend date is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.62%. 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.