Community Bank N.A. Reduces Position in NextEra Energy Inc (NEE)

Community Bank N.A. lessened its position in shares of NextEra Energy Inc (NYSE:NEE) by 1.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,302 shares of the utilities provider’s stock after selling 140 shares during the quarter. Community Bank N.A.’s holdings in NextEra Energy were worth $2,765,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Webster Bank N. A. grew its stake in shares of NextEra Energy by 1.4% in the 1st quarter. Webster Bank N. A. now owns 4,031 shares of the utilities provider’s stock valued at $779,000 after purchasing an additional 54 shares during the last quarter. Starfire Investment Advisers Inc. grew its stake in shares of NextEra Energy by 2.9% in the 1st quarter. Starfire Investment Advisers Inc. now owns 1,973 shares of the utilities provider’s stock valued at $381,000 after purchasing an additional 55 shares during the last quarter. Miller Howard Investments Inc. NY grew its stake in shares of NextEra Energy by 0.5% in the 4th quarter. Miller Howard Investments Inc. NY now owns 11,662 shares of the utilities provider’s stock valued at $2,027,000 after purchasing an additional 56 shares during the last quarter. Logan Capital Management Inc. grew its stake in shares of NextEra Energy by 3.4% in the 4th quarter. Logan Capital Management Inc. now owns 1,698 shares of the utilities provider’s stock valued at $295,000 after purchasing an additional 56 shares during the last quarter. Finally, Buckley Wealth Management LLC grew its stake in shares of NextEra Energy by 1.9% in the 1st quarter. Buckley Wealth Management LLC now owns 3,164 shares of the utilities provider’s stock valued at $612,000 after purchasing an additional 58 shares during the last quarter. Hedge funds and other institutional investors own 77.00% of the company’s stock.

Several brokerages have weighed in on NEE. Credit Suisse Group set a $199.00 target price on NextEra Energy and gave the company a “buy” rating in a research note on Monday, April 22nd. Goldman Sachs Group downgraded NextEra Energy from a “conviction-buy” rating to a “buy” rating and set a $194.00 price target on the stock. in a research note on Monday, April 8th. Wells Fargo & Co lifted their price target on NextEra Energy from $200.00 to $210.00 and gave the company an “outperform” rating in a research note on Wednesday, April 24th. Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $213.00 price target on the stock in a research note on Thursday, April 25th. Finally, Morgan Stanley lifted their price target on NextEra Energy from $184.00 to $188.00 and gave the company an “overweight” rating in a research note on Tuesday, February 12th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $196.33.

In related news, Director James L. Robo sold 15,000 shares of NextEra Energy stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $187.87, for a total transaction of $2,818,050.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Deborah H. Caplan sold 3,054 shares of NextEra Energy stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $183.50, for a total value of $560,409.00. Following the transaction, the executive vice president now directly owns 22,597 shares of the company’s stock, valued at $4,146,549.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 179,689 shares of company stock valued at $34,234,266. 0.48% of the stock is currently owned by insiders.

NextEra Energy stock opened at $194.90 on Wednesday. The company has a current ratio of 0.46, a quick ratio of 0.38 and a debt-to-equity ratio of 0.79. NextEra Energy Inc has a 1-year low of $155.06 and a 1-year high of $196.71. The company has a market capitalization of $93.36 billion, a P/E ratio of 25.31, a price-to-earnings-growth ratio of 2.96 and a beta of 0.28.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $2.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.01 by $0.19. The firm had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $4.11 billion. NextEra Energy had a return on equity of 10.26% and a net margin of 17.13%. During the same period in the previous year, the business earned $1.94 earnings per share. On average, equities analysts anticipate that NextEra Energy Inc will post 8.41 earnings per share for the current fiscal year.

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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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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