Stock Yards Bank & Trust Co. Acquires 6,906 Shares of NextEra Energy, Inc. $NEE

Stock Yards Bank & Trust Co. increased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 500,797 shares of the utilities provider’s stock after purchasing an additional 6,906 shares during the period. NextEra Energy makes up about 1.2% of Stock Yards Bank & Trust Co.’s holdings, making the stock its 29th biggest position. Stock Yards Bank & Trust Co.’s holdings in NextEra Energy were worth $37,805,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of NEE. Norges Bank bought a new position in NextEra Energy in the second quarter worth approximately $2,375,545,000. Vanguard Group Inc. raised its holdings in shares of NextEra Energy by 2.7% in the second quarter. Vanguard Group Inc. now owns 212,877,021 shares of the utilities provider’s stock valued at $14,777,923,000 after purchasing an additional 5,554,603 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of NextEra Energy by 1,765.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 3,968,305 shares of the utilities provider’s stock worth $299,567,000 after buying an additional 3,755,563 shares in the last quarter. Schroder Investment Management Group boosted its position in NextEra Energy by 18.7% in the second quarter. Schroder Investment Management Group now owns 10,796,329 shares of the utilities provider’s stock worth $749,481,000 after purchasing an additional 1,701,648 shares during the last quarter. Finally, Adage Capital Partners GP L.L.C. boosted its holdings in shares of NextEra Energy by 181.9% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 2,185,513 shares of the utilities provider’s stock worth $151,718,000 after buying an additional 1,410,200 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NextEra Energy

In other news, CEO Armando Pimentel, Jr. sold 145,140 shares of NextEra Energy stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $83.91, for a total transaction of $12,178,697.40. Following the sale, the chief executive officer owned 162,693 shares of the company’s stock, valued at approximately $13,651,569.63. The trade was a 47.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

NEE has been the subject of several research reports. Evercore ISI reissued an “outperform” rating and set a $93.00 price objective on shares of NextEra Energy in a report on Tuesday, October 28th. Cowen assumed coverage on shares of NextEra Energy in a report on Wednesday, October 15th. They issued a “buy” rating on the stock. New Street Research set a $84.00 target price on shares of NextEra Energy in a research note on Monday, October 13th. Wells Fargo & Company upped their price objective on NextEra Energy from $97.00 to $98.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Jefferies Financial Group set a $87.00 target price on shares of NextEra Energy in a report on Wednesday, January 14th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $91.56.

NextEra Energy Trading Down 0.1%

NEE opened at $83.51 on Wednesday. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $87.53. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.55 and a quick ratio of 0.45. The business has a 50 day simple moving average of $82.25 and a two-hundred day simple moving average of $78.41. The firm has a market capitalization of $173.92 billion, a price-to-earnings ratio of 26.60, a PEG ratio of 2.59 and a beta of 0.74.

NextEra Energy (NYSE:NEE) last posted its earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.04 by $0.09. The firm had revenue of $7.97 billion for the quarter, compared to analysts’ expectations of $8.13 billion. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The business’s revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.03 earnings per share. Analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 21st were issued a $0.5665 dividend. The ex-dividend date was Friday, November 21st. This represents a $2.27 annualized dividend and a yield of 2.7%. NextEra Energy’s dividend payout ratio is 72.29%.

NextEra Energy Company Profile

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.