NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Canandaigua National Trust Co of Florida

Canandaigua National Trust Co of Florida trimmed its holdings in NextEra Energy, Inc. (NYSE:NEEFree Report) by 10.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,388 shares of the utilities provider’s stock after selling 1,752 shares during the quarter. NextEra Energy accounts for about 0.8% of Canandaigua National Trust Co of Florida’s portfolio, making the stock its 29th biggest holding. Canandaigua National Trust Co of Florida’s holdings in NextEra Energy were worth $1,031,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Geode Capital Management LLC lifted its stake in NextEra Energy by 2.0% during the third quarter. Geode Capital Management LLC now owns 42,418,748 shares of the utilities provider’s stock valued at $3,571,650,000 after purchasing an additional 820,704 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of NextEra Energy by 0.7% in the second quarter. Legal & General Group Plc now owns 21,298,642 shares of the utilities provider’s stock valued at $1,508,155,000 after buying an additional 143,748 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of NextEra Energy by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 13,284,785 shares of the utilities provider’s stock valued at $1,122,963,000 after acquiring an additional 86,758 shares during the last quarter. Nordea Investment Management AB boosted its stake in shares of NextEra Energy by 20.9% during the 4th quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock worth $634,703,000 after acquiring an additional 1,525,436 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of NextEra Energy by 5.5% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,630,775 shares of the utilities provider’s stock worth $729,559,000 after acquiring an additional 452,590 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Insider Transactions at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the transaction, the executive vice president now owns 15,792 shares in the company, valued at $1,193,401.44. This trade represents a 20.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.18% of the stock is owned by corporate insiders.

NextEra Energy Stock Down 1.3 %

Shares of NEE traded down $0.93 during midday trading on Monday, reaching $71.06. 6,938,096 shares of the stock were exchanged, compared to its average volume of 5,179,189. The company has a market cap of $146.13 billion, a price-to-earnings ratio of 21.02, a P/E/G ratio of 2.66 and a beta of 0.56. The firm has a 50 day simple moving average of $75.19 and a 200-day simple moving average of $77.43. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11.

NextEra Energy (NYSE:NEEGet Free Report) last posted its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $8.11 billion. During the same period in the previous year, the company earned $0.94 earnings per share. The company’s revenue was up 5.5% compared to the same quarter last year. Research analysts forecast that NextEra Energy, Inc. will post 3.41 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 22nd were issued a dividend of $0.515 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $2.06 annualized dividend and a yield of 2.90%. NextEra Energy’s dividend payout ratio (DPR) is presently 60.95%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NEE. BMO Capital Markets increased their price target on NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Jefferies Financial Group initiated coverage on shares of NextEra Energy in a research report on Thursday, September 19th. They issued a “hold” rating and a $87.00 target price on the stock. 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 note on Friday, October 25th. Morgan Stanley cut their target price on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. Finally, Guggenheim raised their target price on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, NextEra Energy has a consensus rating of “Hold” and a consensus target price of $87.15.

View Our Latest Research Report on NEE

NextEra Energy Company Profile

(Free Report)

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.

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

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