Park National Corp OH Grows Holdings in NextEra Energy Inc (NEE)

Park National Corp OH grew its holdings in shares of NextEra Energy Inc (NYSE:NEE) by 11.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,153 shares of the utilities provider’s stock after buying an additional 5,080 shares during the quarter. Park National Corp OH’s holdings in NextEra Energy were worth $9,889,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Miller Howard Investments Inc. NY lifted its position in shares of NextEra Energy by 0.5% during the fourth quarter. Miller Howard Investments Inc. NY now owns 11,662 shares of the utilities provider’s stock worth $2,027,000 after purchasing an additional 56 shares in the last quarter. Logan Capital Management Inc. lifted its position in shares of NextEra Energy by 3.4% during the fourth quarter. Logan Capital Management Inc. now owns 1,698 shares of the utilities provider’s stock worth $295,000 after purchasing an additional 56 shares in the last quarter. Legacy Financial Advisors Inc. lifted its position in shares of NextEra Energy by 8.8% during the fourth quarter. Legacy Financial Advisors Inc. now owns 794 shares of the utilities provider’s stock worth $138,000 after purchasing an additional 64 shares in the last quarter. BTR Capital Management Inc. lifted its position in shares of NextEra Energy by 0.9% during the fourth quarter. BTR Capital Management Inc. now owns 7,669 shares of the utilities provider’s stock worth $1,333,000 after purchasing an additional 65 shares in the last quarter. Finally, Berkshire Asset Management LLC PA lifted its position in shares of NextEra Energy by 0.5% during the fourth quarter. Berkshire Asset Management LLC PA now owns 12,080 shares of the utilities provider’s stock worth $2,100,000 after purchasing an additional 65 shares in the last quarter. Institutional investors own 77.27% of the company’s stock.

NEE has been the topic of a number of recent research reports. Zacks Investment Research cut shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, December 18th. Morgan Stanley upped their price target on shares of NextEra Energy from $184.00 to $188.00 and gave the company an “overweight” rating in a report on Tuesday, February 12th. Barclays raised shares of NextEra Energy from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $187.00 to $207.00 in a report on Wednesday, March 20th. They noted that the move was a valuation call. Guggenheim reaffirmed a “buy” rating and issued a $205.00 price target on shares of NextEra Energy in a report on Monday, January 7th. Finally, Credit Suisse Group upped their price target on shares of NextEra Energy from $186.00 to $193.00 and gave the company an “outperform” rating in a report on Wednesday, December 12th. Three investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. NextEra Energy presently has an average rating of “Buy” and a consensus price target of $182.17.

In other NextEra Energy news, Director James L. Robo sold 111,864 shares of the stock in a transaction on Friday, March 15th. The shares were sold at an average price of $191.27, for a total transaction of $21,396,227.28. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Rudy E. Schupp sold 1,600 shares of the stock in a transaction on Wednesday, January 2nd. The stock was sold at an average price of $170.23, for a total transaction of $272,368.00. Following the sale, the director now directly owns 20,100 shares in the company, valued at $3,421,623. The disclosure for this sale can be found here. Insiders have sold 173,773 shares of company stock worth $33,063,147 over the last three months. 0.55% of the stock is owned by corporate insiders.

NEE opened at $190.45 on Tuesday. The firm has a market capitalization of $92.44 billion, a P/E ratio of 24.73, a P/E/G ratio of 2.97 and a beta of 0.29. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.29 and a current ratio of 0.36. NextEra Energy Inc has a 12-month low of $155.06 and a 12-month high of $195.55.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Friday, January 25th. The utilities provider reported $1.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.02). The company had revenue of $4.39 billion during the quarter, compared to analyst estimates of $4.84 billion. NextEra Energy had a net margin of 39.74% and a return on equity of 10.01%. The company’s revenue was up 9.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.25 earnings per share. As a group, equities research analysts anticipate that NextEra Energy Inc will post 8.4 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 28th were issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.63%. This is a boost from NextEra Energy’s previous quarterly dividend of $1.11. The ex-dividend date of this dividend was Wednesday, February 27th. NextEra Energy’s dividend payout ratio is 64.94%.

TRADEMARK VIOLATION NOTICE: “Park National Corp OH Grows Holdings in NextEra Energy Inc (NEE)” was reported by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this piece on another publication, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The legal version of this piece can be read at https://sportsperspectives.com/2019/04/02/park-national-corp-oh-grows-holdings-in-nextera-energy-inc-nee.html.

NextEra Energy 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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

Featured Story: Discover Your Risk Tolerance

Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy Inc (NYSE:NEE).

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

Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.