Citizens National Bank Trust Department Sells 950 Shares of NextEra Energy, Inc. (NYSE:NEE)

Citizens National Bank Trust Department trimmed its stake in NextEra Energy, Inc. (NYSE:NEE) by 1.2% in the fourth quarter, Holdings Channel reports. The firm owned 75,632 shares of the utilities provider’s stock after selling 950 shares during the quarter. NextEra Energy comprises approximately 1.1% of Citizens National Bank Trust Department’s investment portfolio, making the stock its 27th biggest position. Citizens National Bank Trust Department’s holdings in NextEra Energy were worth $5,422,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Burkett Financial Services LLC lifted its stake in NextEra Energy by 1,229.6% in the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 332 shares during the last quarter. Reston Wealth Management LLC acquired a new stake in shares of NextEra Energy in the third quarter valued at approximately $27,000. Sugar Maple Asset Management LLC bought a new position in shares of NextEra Energy during the 4th quarter worth approximately $28,000. Quarry LP acquired a new position in shares of NextEra Energy during the 3rd quarter worth approximately $33,000. Finally, Luken Investment Analytics LLC bought a new stake in NextEra Energy in the 4th quarter valued at $36,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Up 0.8 %

Shares of NextEra Energy stock opened at $69.04 on Thursday. The firm’s 50-day moving average price is $70.62 and its two-hundred day moving average price is $76.64. The company has a market capitalization of $141.98 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 2.38 and a beta of 0.58. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. On average, analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be paid a $0.5665 dividend. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a yield of 3.28%. NextEra Energy’s dividend payout ratio (DPR) is 61.13%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Guggenheim lifted their price objective on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Jefferies Financial Group decreased their price target on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Barclays raised their price objective on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Evercore ISI decreased their target price on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research report on Monday, January 27th. Finally, BMO Capital Markets lifted their price target on NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $85.85.

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.