Renasant Bank Buys 7,139 Shares of NextEra Energy, Inc. $NEE

Renasant Bank increased its stake in NextEra Energy, Inc. (NYSE:NEE) by 154.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 11,752 shares of the utilities provider’s stock after purchasing an additional 7,139 shares during the quarter. Renasant Bank’s holdings in NextEra Energy were worth $890,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Czech National Bank raised its holdings in NextEra Energy by 4.7% during the 2nd quarter. Czech National Bank now owns 593,568 shares of the utilities provider’s stock valued at $52,097,000 after acquiring an additional 26,378 shares during the period. Annex Advisory Services LLC boosted its holdings in shares of NextEra Energy by 13.9% in the second quarter. Annex Advisory Services LLC now owns 711,009 shares of the utilities provider’s stock worth $62,405,000 after acquiring an additional 86,585 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd boosted its holdings in shares of NextEra Energy by 4.1% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 544,574 shares of the utilities provider’s stock worth $47,797,000 after acquiring an additional 21,569 shares during the period. CV Advisors LLC bought a new position in shares of NextEra Energy in the second quarter worth $1,404,000. Finally, Avity Investment Management Inc. grew its position in shares of NextEra Energy by 5.7% in the second quarter. Avity Investment Management Inc. now owns 500,576 shares of the utilities provider’s stock valued at $43,936,000 after purchasing an additional 26,848 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Down 0.7%

NYSE NEE opened at $86.27 on Wednesday. NextEra Energy, Inc. has a fifty-two week low of $74.41 and a fifty-two week high of $98.75. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.45 and a current ratio of 0.53. The stock has a 50 day simple moving average of $80.68 and a two-hundred day simple moving average of $87.29. The stock has a market cap of $180.93 billion, a P/E ratio of 15.54, a price-to-earnings-growth ratio of 2.68 and a beta of 0.60.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, October 21st. The utilities provider reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.04. NextEra Energy had a net margin of 40.37% and a return on equity of 12.27%. The business had revenue of $8.09 billion for the quarter, compared to analysts’ expectations of $8.47 billion. During the same quarter last year, the company posted $1.13 EPS. The company’s revenue was up 1.6% compared to the same quarter last year. On average, analysts forecast that NextEra Energy, Inc. will post 4.01 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Friday, November 27th will be given a dividend of $0.6232 per share. The ex-dividend date is Friday, November 27th. This represents a $2.49 annualized dividend and a yield of 2.9%. NextEra Energy’s payout ratio is 44.86%.

Analyst Ratings Changes

A number of analysts recently issued reports on NEE shares. Weiss Ratings upgraded NextEra Energy from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 22nd. HC Wainwright restated a “buy” rating on shares of NextEra Energy in a research note on Monday, July 27th. Piper Sandler set a $88.00 target price on NextEra Energy in a research note on Tuesday, October 20th. Morgan Stanley set a $110.00 target price on NextEra Energy and gave the company an “overweight” rating in a report on Wednesday, October 14th. Finally, BMO Capital Markets set a $88.00 price target on NextEra Energy and gave the company an “outperform” rating in a research report on Tuesday, October 20th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, NextEra Energy has a consensus rating of “Moderate Buy” and a consensus price target of $97.80.

About NextEra Energy

NextEra Energy, Inc. is an energy company whose businesses include Florida Power & Light Company (FPL), a regulated electric utility, and NextEra Energy Resources, a developer and operator of energy infrastructure. FPL generates, transmits and distributes electricity to customers across Florida. NextEra Energy Resources develops and operates projects in North America, including wind and solar generation, battery storage, and natural gas and nuclear facilities. The company also invests in transmission infrastructure and provides energy-related services.