Central Pacific Bank Trust Division Trims Holdings in NextEra Energy, Inc. (NYSE:NEE)

Central Pacific Bank Trust Division lowered its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 29.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 6,500 shares of the utilities provider’s stock after selling 2,703 shares during the period. Central Pacific Bank Trust Division’s holdings in NextEra Energy were worth $466,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Reston Wealth Management LLC acquired a new stake in shares of NextEra Energy in the third quarter valued at $27,000. Semmax Financial Advisors Inc. boosted 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 acquiring an additional 225 shares during the period. Quarry LP acquired a new position in NextEra Energy in the 3rd quarter valued at about $33,000. Valley Wealth Managers Inc. purchased a new stake in NextEra Energy during the second quarter worth about $33,000. Finally, Maryland Capital Advisors Inc. acquired a new stake in shares of NextEra Energy during the third quarter worth about $39,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insider Buying and Selling

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the completion of the sale, the executive vice president now owns 15,792 shares in the company, valued at approximately $1,193,401.44. The trade was a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

NEE has been the subject of a number of research reports. BMO Capital Markets lifted their price objective on shares of NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Royal Bank of Canada lowered NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Jefferies Financial Group began coverage on NextEra Energy in a report on Thursday, September 19th. They issued a “hold” rating and a $87.00 target price for the company. Barclays boosted their target price on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Finally, Morgan Stanley reduced their price target on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $87.15.

NextEra Energy Stock Up 0.5 %

NEE stock opened at $71.99 on Friday. The stock has a market cap of $148.04 billion, a P/E ratio of 21.30, a PEG ratio of 2.67 and a beta of 0.58. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. NextEra Energy, Inc. has a twelve month low of $53.95 and a twelve month high of $86.10. The company’s 50 day moving average is $75.38 and its two-hundred day moving average is $77.34.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, topping the consensus estimate of $0.98 by $0.05. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The firm had revenue of $7.57 billion for the quarter, compared to analyst estimates of $8.11 billion. During the same period last year, the business earned $0.94 EPS. NextEra Energy’s revenue for the quarter was up 5.5% compared to the same quarter last year. Research analysts expect that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 22nd were given a $0.515 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.86%. NextEra Energy’s dividend payout ratio (DPR) is presently 60.95%.

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.