Dakota Community Bank & Trust NA Has $114,000 Holdings in NextEra Energy, Inc. (NYSE:NEE)

Dakota Community Bank & Trust NA increased its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 1,969.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,345 shares of the utilities provider’s stock after buying an additional 1,280 shares during the quarter. Dakota Community Bank & Trust NA’s holdings in NextEra Energy were worth $114,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Proffitt & Goodson Inc. boosted its stake in shares of 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 purchasing an additional 144 shares in the last quarter. Semmax Financial Advisors Inc. lifted its holdings in NextEra Energy by 197.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 225 shares during the last quarter. American Capital Advisory LLC boosted its position in 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 buying an additional 205 shares in the last quarter. Valley Wealth Managers Inc. bought a new stake in NextEra Energy during the second quarter worth about $33,000. Finally, Neo Ivy Capital Management bought a new stake in NextEra Energy during the fourth quarter worth about $40,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

NEE has been the topic of several recent analyst reports. Scotiabank boosted their target price on NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Mizuho lowered 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. Evercore ISI raised their target price on NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a research note on Wednesday, June 12th. BMO Capital Markets lifted their price target on NextEra Energy from $79.00 to $83.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Finally, JPMorgan Chase & Co. increased their price objective on shares of NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $83.07.

NextEra Energy Trading Up 1.4 %

NYSE NEE traded up $1.11 during trading hours on Tuesday, hitting $81.40. The company’s stock had a trading volume of 2,885,450 shares, compared to its average volume of 10,837,944. NextEra Energy, Inc. has a twelve month low of $48.38 and a twelve month high of $86.10. The firm has a market capitalization of $167.24 billion, a P/E ratio of 22.14, a PEG ratio of 3.08 and a beta of 0.56. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15. The stock has a fifty day moving average of $80.86 and a 200 day moving average of $74.38.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The company had revenue of $6.07 billion for the quarter, compared to the consensus estimate of $7.29 billion. During the same quarter in the prior year, the business posted $0.88 EPS. Equities research analysts forecast that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were given 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 2.53%. NextEra Energy’s payout ratio is currently 56.13%.

Insider Activity

In related news, EVP Nicole J. Daggs sold 658 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 100 shares in the company, valued at approximately $7,697. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is currently owned by company 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.