OLD Second National Bank of Aurora Decreases Stock Position in NextEra Energy, Inc. $NEE

OLD Second National Bank of Aurora cut its holdings in NextEra Energy, Inc. (NYSE:NEE) by 1.9% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 35,935 shares of the utilities provider’s stock after selling 698 shares during the period. OLD Second National Bank of Aurora’s holdings in NextEra Energy were worth $2,495,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. 1 North Wealth Services LLC purchased a new stake in shares of NextEra Energy during the first quarter valued at $26,000. Nova Wealth Management Inc. bought a new position in NextEra Energy during the 1st quarter valued at about $32,000. IMA Advisory Services Inc. bought a new position in NextEra Energy during the 1st quarter valued at about $35,000. Semmax Financial Advisors Inc. boosted its holdings in shares of NextEra Energy by 335.0% during the 1st quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 392 shares during the last quarter. Finally, CBIZ Investment Advisory Services LLC grew its stake in shares of NextEra Energy by 237.7% in the first quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider’s stock worth $37,000 after acquiring an additional 366 shares during the period. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

Shares of NextEra Energy stock opened at $78.10 on Friday. The stock has a market cap of $160.83 billion, a P/E ratio of 27.31, a P/E/G ratio of 2.71 and a beta of 0.66. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54. The stock’s fifty day moving average is $72.82 and its 200 day moving average is $71.21. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The business had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.52 billion. During the same quarter in the prior year, the business posted $0.96 earnings per share. The business’s quarterly revenue was up 10.4% on a year-over-year basis. Sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Thursday, August 28th were issued a dividend of $0.5665 per share. The ex-dividend date of this dividend was Thursday, August 28th. This represents a $2.27 annualized dividend and a yield of 2.9%. NextEra Energy’s payout ratio is currently 79.02%.

Insider Activity

In related news, Treasurer James Michael May sold 2,177 shares of the company’s stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total value of $168,717.50. Following the completion of the transaction, the treasurer owned 27,662 shares of the company’s stock, valued at approximately $2,143,805. This represents a 7.30% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Michael Dunne sold 10,000 shares of the stock in a transaction on Monday, September 8th. The stock was sold at an average price of $70.79, for a total value of $707,900.00. Following the completion of the sale, the executive vice president owned 62,064 shares of the company’s stock, valued at $4,393,510.56. The trade was a 13.88% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,369 shares of company stock valued at $1,539,610. Company insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on NEE. BMO Capital Markets increased their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. JPMorgan Chase & Co. increased their price target on NextEra Energy from $86.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, August 22nd. Morgan Stanley restated an “overweight” rating and issued a $95.00 price target (down from $96.00) on shares of NextEra Energy in a research note on Thursday, September 25th. Melius initiated coverage on NextEra Energy in a research report on Wednesday, August 20th. They set a “buy” rating and a $77.00 price objective for the company. Finally, Mizuho set a $78.00 target price on NextEra Energy in a research report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, NextEra Energy presently has an average rating of “Moderate Buy” and a consensus target price of $84.08.

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,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.