First National Corp MA ADV Lowers Stock Position in NextEra Energy, Inc. (NYSE:NEE)

First National Corp MA ADV cut its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 6.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,120 shares of the utilities provider’s stock after selling 645 shares during the period. First National Corp MA ADV’s holdings in NextEra Energy were worth $554,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Wimmer Associates 1 LLC raised its position in NextEra Energy by 3.6% during the first quarter. Wimmer Associates 1 LLC now owns 3,935 shares of the utilities provider’s stock worth $305,000 after acquiring an additional 135 shares during the period. Kolinsky Wealth Management LLC raised its position in NextEra Energy by 2.1% during the first quarter. Kolinsky Wealth Management LLC now owns 6,669 shares of the utilities provider’s stock worth $514,000 after acquiring an additional 139 shares during the period. Baldwin Investment Management LLC raised its position in NextEra Energy by 0.4% during the first quarter. Baldwin Investment Management LLC now owns 35,437 shares of the utilities provider’s stock worth $2,731,000 after acquiring an additional 150 shares during the period. Greenfield Savings Bank raised its position in NextEra Energy by 0.5% during the fourth quarter. Greenfield Savings Bank now owns 32,220 shares of the utilities provider’s stock worth $1,957,000 after acquiring an additional 163 shares during the period. Finally, Barnes Pettey Financial Advisors LLC raised its position in NextEra Energy by 1.7% during the fourth quarter. Barnes Pettey Financial Advisors LLC now owns 10,181 shares of the utilities provider’s stock worth $851,000 after acquiring an additional 169 shares during the period. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Trading Up 0.1 %

NYSE NEE opened at $63.86 on Thursday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.47 and a current ratio of 0.55. The firm has a market cap of $131.07 billion, a price-to-earnings ratio of 17.67, a PEG ratio of 2.18 and a beta of 0.50. The firm has a 50 day simple moving average of $57.72 and a 200-day simple moving average of $58.58. NextEra Energy, Inc. has a one year low of $47.15 and a one year high of $79.78.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Thursday, January 25th. The utilities provider reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The firm had revenue of $6.88 billion during the quarter, compared to analysts’ expectations of $5.72 billion. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. During the same quarter in the previous year, the business posted $0.51 earnings per share. Equities research analysts anticipate that NextEra Energy, Inc. will post 3.44 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were issued a $0.515 dividend. The ex-dividend date was Monday, February 26th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.23%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s payout ratio is 57.06%.

Wall Street Analysts Forecast Growth

NEE has been the subject of a number of research analyst reports. Wells Fargo & Company upped their price objective on shares of NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 19th. Guggenheim increased their target price on shares of NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. Mizuho reiterated a “buy” rating and issued a $67.00 target price (up from $65.00) on shares of NextEra Energy in a research report on Friday, March 15th. Citigroup started coverage on shares of NextEra Energy in a research report on Friday, December 8th. They issued a “buy” rating and a $69.00 target price for the company. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $74.00 target price on shares of NextEra Energy in a research report on Tuesday, January 30th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $72.46.

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.