Greenfield Savings Bank Grows Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Greenfield Savings Bank grew its holdings in NextEra Energy, Inc. (NYSE:NEE) by 5.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,177 shares of the utilities provider’s stock after buying an additional 1,748 shares during the period. NextEra Energy makes up 1.4% of Greenfield Savings Bank’s portfolio, making the stock its 18th largest holding. Greenfield Savings Bank’s holdings in NextEra Energy were worth $2,974,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in NEE. XML Financial LLC boosted its stake in NextEra Energy by 16.7% during the fourth quarter. XML Financial LLC now owns 14,574 shares of the utilities provider’s stock worth $885,000 after buying an additional 2,088 shares during the period. State of Tennessee Treasury Department lifted its holdings in shares of NextEra Energy by 8.5% in the 4th quarter. State of Tennessee Treasury Department now owns 742,361 shares of the utilities provider’s stock worth $45,091,000 after acquiring an additional 57,910 shares during the last quarter. Cresset Asset Management LLC boosted its stake in shares of NextEra Energy by 8.0% during the 4th quarter. Cresset Asset Management LLC now owns 264,799 shares of the utilities provider’s stock worth $16,084,000 after purchasing an additional 19,556 shares during the period. Keyes Stange & Wooten Wealth Management LLC bought a new position in NextEra Energy during the 4th quarter valued at about $266,000. Finally, Angelo Gordon & CO. L.P. grew its holdings in NextEra Energy by 391.7% during the 4th quarter. Angelo Gordon & CO. L.P. now owns 166,200 shares of the utilities provider’s stock valued at $10,095,000 after purchasing an additional 132,400 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NEE has been the subject of several recent analyst reports. Barclays boosted their target price on NextEra Energy from $76.00 to $80.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 1st. Morgan Stanley boosted their price objective on NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. BMO Capital Markets increased their target price on NextEra Energy from $79.00 to $83.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Citigroup lifted their target price on NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. Finally, JPMorgan Chase & Co. upped their price target 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 investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $83.07.

Insiders Place Their Bets

In other news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy stock in a transaction that occurred on 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 of the company’s stock, valued at $7,697. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.18% of the stock is currently owned by corporate insiders.

NextEra Energy Trading Down 4.2 %

NYSE:NEE opened at $80.29 on Tuesday. The firm has a 50-day simple moving average of $80.74 and a 200-day simple moving average of $74.24. NextEra Energy, Inc. has a one year low of $48.38 and a one year high of $86.10. The firm has a market cap of $164.96 billion, a P/E ratio of 21.88, 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.

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

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were paid a $0.515 dividend. The ex-dividend date was Friday, August 30th. This represents a $2.06 annualized dividend and a yield of 2.57%. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

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.