Bangor Savings Bank Reduces Position in NextEra Energy, Inc. (NEE)

Bangor Savings Bank lessened its stake in NextEra Energy, Inc. (NYSE:NEE) by 20.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 3,144 shares of the utilities provider’s stock after selling 787 shares during the period. Bangor Savings Bank’s holdings in NextEra Energy were worth $441,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of NEE. BlackRock Inc. boosted its position in NextEra Energy by 0.6% in the 2nd quarter. BlackRock Inc. now owns 38,051,440 shares of the utilities provider’s stock valued at $5,332,149,000 after buying an additional 217,972 shares during the period. Vanguard Group Inc. boosted its position in NextEra Energy by 4.6% in the 2nd quarter. Vanguard Group Inc. now owns 34,147,719 shares of the utilities provider’s stock valued at $4,785,120,000 after buying an additional 1,503,907 shares during the period. Wellington Management Group LLP boosted its position in NextEra Energy by 0.8% in the 1st quarter. Wellington Management Group LLP now owns 19,961,544 shares of the utilities provider’s stock valued at $2,562,463,000 after buying an additional 167,275 shares during the period. FMR LLC boosted its position in NextEra Energy by 1.1% in the 2nd quarter. FMR LLC now owns 7,767,929 shares of the utilities provider’s stock valued at $1,088,520,000 after buying an additional 87,224 shares during the period. Finally, Geode Capital Management LLC boosted its position in NextEra Energy by 7.9% in the 1st quarter. Geode Capital Management LLC now owns 4,578,611 shares of the utilities provider’s stock valued at $586,925,000 after buying an additional 336,562 shares during the period. Hedge funds and other institutional investors own 75.23% of the company’s stock.

In related news, EVP Joseph T. Kelliher sold 2,000 shares of the business’s stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $150.00, for a total value of $300,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Charles E. Sieving sold 30,485 shares of the business’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $146.56, for a total transaction of $4,467,881.60. Following the completion of the sale, the executive vice president now directly owns 78,167 shares of the company’s stock, valued at $11,456,155.52. The disclosure for this sale can be found here. Over the last three months, insiders sold 65,385 shares of company stock valued at $9,748,482. 0.53% of the stock is owned by corporate insiders.

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Several equities analysts have commented on NEE shares. The Goldman Sachs Group, Inc. started coverage on shares of NextEra Energy in a research report on Monday, July 24th. They issued a “buy” rating and a $160.00 price target for the company. BidaskClub raised shares of NextEra Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Morgan Stanley raised their price target on shares of NextEra Energy from $163.00 to $167.00 and gave the company an “overweight” rating in a research report on Thursday, August 10th. Zacks Investment Research cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Finally, KeyCorp reissued a “buy” rating and issued a $155.00 price target on shares of NextEra Energy in a research report on Friday, September 1st. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $155.38.

Shares of NextEra Energy, Inc. (NEE) opened at $157.29 on Friday. NextEra Energy, Inc. has a 1 year low of $112.63 and a 1 year high of $159.28. The stock has a market cap of $74,021.77, a price-to-earnings ratio of 23.59, a PEG ratio of 3.13 and a beta of 0.31. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.49 and a current ratio of 0.61.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Thursday, October 26th. The utilities provider reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.08. NextEra Energy had a net margin of 24.81% and a return on equity of 11.86%. The firm had revenue of $4.81 billion during the quarter, compared to analysts’ expectations of $4.89 billion. During the same period in the previous year, the company earned $1.74 earnings per share. NextEra Energy’s quarterly revenue was up .1% compared to the same quarter last year. research analysts anticipate that NextEra Energy, Inc. will post 6.73 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be given a $0.9825 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $3.93 dividend on an annualized basis and a yield of 2.50%. NextEra Energy’s dividend payout ratio (DPR) is presently 44.16%.

About NextEra Energy

NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.

Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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