FineMark National Bank & Trust Purchases 3,999 Shares of NextEra Energy, Inc. $NEE

FineMark National Bank & Trust boosted its position in NextEra Energy, Inc. (NYSE:NEE) by 1.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 278,332 shares of the utilities provider’s stock after buying an additional 3,999 shares during the quarter. FineMark National Bank & Trust’s holdings in NextEra Energy were worth $19,322,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NEE. Activest Wealth Management increased its stake in shares of NextEra Energy by 79.7% in the second quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 157 shares during the period. Harbor Asset Planning Inc. acquired a new stake in NextEra Energy in the 2nd quarter valued at approximately $25,000. 1 North Wealth Services LLC bought a new position in NextEra Energy in the 1st quarter worth approximately $26,000. Quaker Wealth Management LLC lifted its holdings in shares of NextEra Energy by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock worth $27,000 after buying an additional 772 shares during the last quarter. Finally, Nova Wealth Management Inc. acquired a new position in shares of NextEra Energy during the first quarter worth approximately $32,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Price Performance

NYSE:NEE opened at $84.74 on Wednesday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.45 and a current ratio of 0.55. The company has a 50-day moving average of $80.11 and a 200-day moving average of $74.96. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $87.53. The company has a market capitalization of $176.48 billion, a price-to-earnings ratio of 26.99, a PEG ratio of 2.76 and a beta of 0.69.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.09. The firm had revenue of $7.97 billion during the quarter, compared to analyst estimates of $8.13 billion. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.03 earnings per share. As a group, equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 21st will be given a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, November 21st. NextEra Energy’s dividend payout ratio (DPR) is 71.97%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. TD Cowen initiated coverage on shares of NextEra Energy in a research report on Thursday, October 16th. They set a “buy” rating and a $98.00 target price on the stock. Wolfe Research dropped their price objective on shares of NextEra Energy from $94.00 to $87.00 and set an “outperform” rating on the stock in a report on Thursday, November 13th. Morgan Stanley reaffirmed an “overweight” rating and set a $95.00 price objective (down previously from $96.00) on shares of NextEra Energy in a research report on Thursday, September 25th. Jefferies Financial Group reissued a “hold” rating and set a $85.00 target price (up from $77.00) on shares of NextEra Energy in a research report on Tuesday, October 14th. Finally, Melius Research upgraded NextEra Energy to a “strong-buy” rating in a research note on Wednesday, August 20th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, NextEra Energy currently has a consensus rating of “Moderate Buy” and an average target price of $90.53.

Insider Buying and Selling

In other news, EVP Michael Dunne sold 10,000 shares of the business’s stock in a transaction on Monday, September 8th. The shares were sold at an average price of $70.79, for a total value of $707,900.00. Following the sale, the executive vice president owned 62,064 shares in the company, valued at approximately $4,393,510.56. The trade was a 13.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark Lemasney sold 846 shares of the stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $74.90, for a total transaction of $63,365.40. Following the sale, the executive vice president owned 9,267 shares of the company’s stock, valued at $694,098.30. This trade represents a 8.37% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 168,168 shares of company stock worth $13,917,670 in the last quarter. Corporate insiders own 0.20% of the company’s stock.

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.