Park National Corp OH Boosts Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Park National Corp OH grew its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 7.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 335,194 shares of the utilities provider’s stock after purchasing an additional 24,615 shares during the quarter. Park National Corp OH’s holdings in NextEra Energy were worth $24,030,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Semmax Financial Advisors Inc. increased its holdings in NextEra Energy by 197.4% during the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock worth $26,000 after buying an additional 225 shares during the last quarter. Burkett Financial Services LLC increased its stake in shares of NextEra Energy by 1,229.6% during the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 332 shares during the last quarter. Reston Wealth Management LLC bought a new stake in shares of NextEra Energy in the 3rd quarter worth approximately $27,000. Valley Wealth Managers Inc. purchased a new position in NextEra Energy in the second quarter valued at approximately $33,000. Finally, Quarry LP bought a new position in NextEra Energy during the third quarter valued at $33,000. 78.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on NEE shares. Dbs Bank lowered NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. Guggenheim boosted their price objective on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Jefferies Financial Group began coverage on shares of NextEra Energy in a report on Thursday, September 19th. They set a “hold” rating and a $87.00 price objective on the stock. BMO Capital Markets lifted their target price on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Finally, Royal Bank of Canada cut shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $87.15.

NextEra Energy Price Performance

NextEra Energy stock opened at $70.41 on Wednesday. The stock has a market cap of $144.79 billion, a price-to-earnings ratio of 20.83, a PEG ratio of 2.66 and a beta of 0.58. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. The business has a 50-day simple moving average of $74.77 and a 200 day simple moving average of $77.41. NextEra Energy, Inc. has a 52 week low of $53.95 and a 52 week high of $86.10.

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

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 22nd were issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend was Friday, November 22nd. NextEra Energy’s dividend payout ratio is currently 60.95%.

Insider Buying and Selling

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the sale, the executive vice president now owns 15,792 shares of the company’s stock, valued at $1,193,401.44. The trade was a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.18% of the stock is owned by company insiders.

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.