Morton Community Bank Has $3.48 Million Holdings in NextEra Energy, Inc. (NYSE:NEE)

Morton Community Bank raised its holdings in NextEra Energy, Inc. (NYSE:NEE) by 3.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 49,089 shares of the utilities provider’s stock after purchasing an additional 1,573 shares during the quarter. Morton Community Bank’s holdings in NextEra Energy were worth $3,476,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Proffitt & Goodson Inc. lifted its position in NextEra Energy by 64.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock worth $26,000 after buying an additional 144 shares in the last quarter. Clear Investment Research LLC grew its stake in shares of NextEra Energy by 387.2% during the fourth quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 364 shares during the last quarter. American Capital Advisory LLC increased its holdings in shares of NextEra Energy by 74.5% in the first quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 205 shares in the last quarter. Neo Ivy Capital Management bought a new position in NextEra Energy in the 4th quarter worth approximately $40,000. Finally, Family Firm Inc. bought a new position in NextEra Energy in the 2nd quarter worth approximately $40,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Down 0.4 %

Shares of NYSE:NEE traded down $0.35 during midday trading on Friday, reaching $79.98. The company had a trading volume of 8,181,470 shares, compared to its average volume of 11,005,735. The stock has a market cap of $164.32 billion, a PE ratio of 21.79, a P/E/G ratio of 2.92 and a beta of 0.56. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $82.14. The business’s 50 day moving average price is $76.13 and its 200 day moving average price is $70.40. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.03. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The company had revenue of $6.07 billion for the quarter, compared to analyst estimates of $7.29 billion. During the same period in the previous year, the business earned $0.88 EPS. Research analysts forecast that NextEra Energy, Inc. will post 3.39 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be issued a $0.515 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.06 annualized dividend and a dividend yield of 2.58%. NextEra Energy’s dividend payout ratio is currently 56.13%.

Insider Activity

In related news, EVP Nicole J. Daggs sold 658 shares of the company’s 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 transaction, the executive vice president now owns 100 shares in the company, valued at approximately $7,697. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on NEE shares. Bank of America lifted their target price on NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. Mizuho cut NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price objective for the company. in a report on Wednesday, June 12th. Scotiabank raised their target price on shares of NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. JPMorgan Chase & Co. boosted their price target on shares of NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, Evercore ISI raised their price objective on shares of NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a research note on Wednesday, June 12th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, NextEra Energy presently has an average rating of “Moderate Buy” and an average price target of $81.50.

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.