Citizens Business Bank Sells 184 Shares of NextEra Energy, Inc. (NYSE:NEE)

Citizens Business Bank lessened its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 5.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,225 shares of the utilities provider’s stock after selling 184 shares during the quarter. Citizens Business Bank’s holdings in NextEra Energy were worth $273,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Proffitt & Goodson Inc. raised its position in shares of NextEra Energy by 64.0% during the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock valued at $26,000 after buying an additional 144 shares during the last quarter. Semmax Financial Advisors Inc. increased its holdings in NextEra Energy by 197.4% in 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 last quarter. Reston Wealth Management LLC purchased a new stake in NextEra Energy in the 3rd quarter worth $27,000. Valley Wealth Managers Inc. bought a new position in shares of NextEra Energy during the 2nd quarter valued at about $33,000. Finally, Quarry LP purchased a new position in shares of NextEra Energy during the third quarter valued at about $33,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the 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 owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. This trade represents a 20.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Guggenheim boosted their target price on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Dbs Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Barclays raised their target price on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Jefferies Financial Group started coverage on shares of NextEra Energy in a research note on Thursday, September 19th. They set a “hold” rating and a $87.00 price target on the stock. Finally, Wells Fargo & Company lifted their price objective on shares of NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 3rd. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, NextEra Energy currently has a consensus rating of “Hold” and a consensus price target of $86.85.

NextEra Energy Trading Down 0.7 %

NEE stock opened at $74.18 on Wednesday. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10. The firm’s 50-day moving average is $79.30 and its 200 day moving average is $77.84. The company has a market capitalization of $152.54 billion, a PE ratio of 21.95, a P/E/G ratio of 2.72 and a beta of 0.56. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The business had revenue of $7.57 billion for the quarter, compared to analyst estimates of $8.11 billion. During the same period last year, the company posted $0.94 earnings per share. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, research analysts anticipate 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 given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s payout ratio is 60.95%.

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.