NextEra Energy, Inc. $NEE Shares Sold by Canandaigua National Trust Co of Florida

Canandaigua National Trust Co of Florida cut its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 13.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 5,733 shares of the utilities provider’s stock after selling 892 shares during the quarter. Canandaigua National Trust Co of Florida’s holdings in NextEra Energy were worth $398,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. 1 North Wealth Services LLC acquired a new position in shares of NextEra Energy during the 1st quarter valued at $26,000. Nova Wealth Management Inc. acquired a new position in shares of NextEra Energy in the 1st quarter worth $32,000. IMA Advisory Services Inc. acquired a new position in shares of NextEra Energy in the 1st quarter worth $35,000. Copia Wealth Management acquired a new position in shares of NextEra Energy in the 4th quarter worth $36,000. Finally, Semmax Financial Advisors Inc. grew its holdings in shares of NextEra Energy by 335.0% in the 1st quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider’s stock worth $36,000 after acquiring an additional 392 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NextEra Energy

In related news, EVP Robert Coffey sold 7,500 shares of NextEra Energy stock in a transaction on Monday, July 28th. The stock was sold at an average price of $71.84, for a total transaction of $538,800.00. Following the completion of the sale, the executive vice president owned 26,539 shares of the company’s stock, valued at approximately $1,906,561.76. This trade represents a 22.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Michael Dunne sold 10,000 shares of NextEra Energy stock in a transaction on Monday, September 8th. The shares were sold at an average price of $70.79, for a total value of $707,900.00. Following the sale, the executive vice president directly owned 62,064 shares of the company’s stock, valued at approximately $4,393,510.56. The trade was a 13.88% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,677 shares of company stock valued at $1,415,418. Insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

NEE has been the topic of a number of recent research reports. Barclays lifted their target price on NextEra Energy from $65.00 to $67.00 and gave the stock an “equal weight” rating in a report on Thursday, July 10th. Melius initiated coverage on NextEra Energy in a report on Wednesday, August 20th. They issued a “buy” rating and a $77.00 target price on the stock. Melius Research upgraded NextEra Energy to a “strong-buy” rating in a report on Wednesday, August 20th. UBS Group decreased their target price on NextEra Energy from $94.00 to $84.00 and set a “buy” rating on the stock in a report on Friday, May 23rd. Finally, BMO Capital Markets lifted their target price on NextEra Energy from $77.00 to $81.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.00.

NextEra Energy Price Performance

NEE opened at $71.66 on Monday. The stock has a market cap of $147.57 billion, a price-to-earnings ratio of 25.06, a PEG ratio of 2.47 and a beta of 0.65. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. The stock has a fifty day moving average price of $73.10 and a 200 day moving average price of $71.07.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.04. The firm had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $7.52 billion. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%.The business’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.96 earnings per share. Analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Thursday, August 28th will be given a dividend of $0.5665 per share. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a yield of 3.2%. NextEra Energy’s dividend payout ratio (DPR) is presently 79.02%.

NextEra Energy Company 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.