Mechanics Bank Trust Department Cuts Stake in NextEra Energy, Inc. (NYSE:NEE)

Mechanics Bank Trust Department lessened its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,867 shares of the utilities provider’s stock after selling 200 shares during the period. Mechanics Bank Trust Department’s holdings in NextEra Energy were worth $834,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in NEE. Proffitt & Goodson Inc. boosted its holdings in NextEra Energy by 64.0% in the second quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 144 shares in the last quarter. Semmax Financial Advisors Inc. raised its position in shares of NextEra Energy by 197.4% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 225 shares during the last quarter. American Capital Advisory LLC boosted its stake in NextEra Energy by 74.5% in the 1st quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock worth $31,000 after purchasing an additional 205 shares in the last quarter. Valley Wealth Managers Inc. purchased a new stake in NextEra Energy during the 2nd quarter worth approximately $33,000. Finally, Neo Ivy Capital Management acquired a new position in NextEra Energy during the 4th quarter valued at approximately $40,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on NEE. JPMorgan Chase & Co. boosted their price objective on shares of NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Jefferies Financial Group began coverage on NextEra Energy in a research note on Thursday, September 19th. They set a “hold” rating and a $87.00 price target on the stock. Dbs Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. BMO Capital Markets upped their target price on NextEra Energy from $79.00 to $83.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Finally, Barclays raised their price target on shares of NextEra Energy from $76.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, NextEra Energy currently has an average rating of “Hold” and an average price target of $83.07.

Insider Buying and Selling

In other news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $76.97, for a total value of $50,646.26. Following the sale, the executive vice president now owns 100 shares in the company, valued at $7,697. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is owned by insiders.

NextEra Energy Trading Up 1.1 %

Shares of NextEra Energy stock opened at $81.86 on Monday. The firm has a 50-day simple moving average of $81.17 and a two-hundred day simple moving average of $74.90. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49. NextEra Energy, Inc. has a fifty-two week low of $50.95 and a fifty-two week high of $86.10. The company has a market cap of $168.18 billion, a P/E ratio of 22.31, a price-to-earnings-growth ratio of 2.92 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The company had revenue of $6.07 billion during the quarter, compared to analysts’ expectations of $7.29 billion. During the same quarter in the prior year, the firm posted $0.88 EPS. As a group, equities analysts predict that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were issued a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 2.52%. The ex-dividend date was Friday, August 30th. NextEra Energy’s payout ratio is presently 56.13%.

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.