City Holding Co. Raises Holdings in NextEra Energy, Inc. (NYSE:NEE)

City Holding Co. grew its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 51,344 shares of the utilities provider’s stock after acquiring an additional 1,470 shares during the quarter. City Holding Co.’s holdings in NextEra Energy were worth $4,340,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sycomore Asset Management increased its position in shares of NextEra Energy by 0.3% during the 2nd quarter. Sycomore Asset Management now owns 47,341 shares of the utilities provider’s stock valued at $3,473,000 after purchasing an additional 131 shares during the period. BCK Partners Inc. boosted its stake in NextEra Energy by 3.8% during the second quarter. BCK Partners Inc. now owns 3,687 shares of the utilities provider’s stock valued at $261,000 after buying an additional 135 shares in the last quarter. Renasant Bank grew its holdings in NextEra Energy by 1.0% during the first quarter. Renasant Bank now owns 14,614 shares of the utilities provider’s stock worth $934,000 after acquiring an additional 142 shares during the period. Stonebridge Capital Advisors LLC raised its position in NextEra Energy by 1.8% in the first quarter. Stonebridge Capital Advisors LLC now owns 8,029 shares of the utilities provider’s stock worth $513,000 after acquiring an additional 143 shares in the last quarter. Finally, Proffitt & Goodson Inc. lifted its holdings in NextEra Energy by 64.0% in the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 144 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Stock Performance

NEE stock opened at $80.50 on Wednesday. The stock has a market cap of $165.39 billion, a P/E ratio of 21.93, a P/E/G ratio of 3.08 and a beta of 0.56. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49. The firm has a 50 day simple moving average of $80.86 and a 200 day simple moving average of $74.38. NextEra Energy, Inc. has a 52 week low of $48.38 and a 52 week high of $86.10.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.96 EPS for the quarter, beating 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 business had revenue of $6.07 billion for the quarter, compared to analysts’ expectations of $7.29 billion. During the same period in the previous year, the company posted $0.88 EPS. Research analysts anticipate that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were issued a dividend of $0.515 per share. The ex-dividend date was Friday, August 30th. This represents a $2.06 annualized dividend and a dividend yield of 2.56%. NextEra Energy’s dividend payout ratio is 56.13%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NEE. Mizuho cut shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price objective on the stock. in a research note on Wednesday, June 12th. JPMorgan Chase & Co. lifted their price target on shares of NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Wells Fargo & Company increased their price objective on NextEra Energy from $95.00 to $102.00 and gave the company an “overweight” rating in a research report on Tuesday, September 3rd. Barclays raised their price objective on NextEra Energy from $76.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 1st. Finally, Bank of America boosted their target price on NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $83.07.

Insider Activity

In other news, EVP Nicole J. Daggs sold 658 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total transaction of $50,646.26. Following the transaction, the executive vice president now owns 100 shares in the company, valued at $7,697. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is owned by corporate insiders.

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.