NextEra Energy, Inc. $NEE Shares Sold by Aull & Monroe Investment Management Corp

Aull & Monroe Investment Management Corp lessened its stake in NextEra Energy, Inc. (NYSE:NEE) by 0.9% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 56,513 shares of the utilities provider’s stock after selling 534 shares during the period. NextEra Energy makes up 2.1% of Aull & Monroe Investment Management Corp’s portfolio, making the stock its 15th largest position. Aull & Monroe Investment Management Corp’s holdings in NextEra Energy were worth $3,923,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Arkfeld Wealth Strategies L.L.C. boosted its holdings in NextEra Energy by 0.9% in the 2nd quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,249 shares of the utilities provider’s stock valued at $1,140,000 after purchasing an additional 136 shares in the last quarter. Pine Haven Investment Counsel Inc boosted its holdings in NextEra Energy by 2.3% in the 2nd quarter. Pine Haven Investment Counsel Inc now owns 6,350 shares of the utilities provider’s stock valued at $441,000 after purchasing an additional 140 shares in the last quarter. McKinley Carter Wealth Services Inc. boosted its holdings in NextEra Energy by 0.4% in the 2nd quarter. McKinley Carter Wealth Services Inc. now owns 33,925 shares of the utilities provider’s stock valued at $2,355,000 after purchasing an additional 142 shares in the last quarter. Tradition Wealth Management LLC boosted its holdings in NextEra Energy by 2.2% in the 1st quarter. Tradition Wealth Management LLC now owns 6,625 shares of the utilities provider’s stock valued at $470,000 after purchasing an additional 143 shares in the last quarter. Finally, Tandem Capital Management Corp ADV boosted its holdings in NextEra Energy by 1.5% in the 2nd quarter. Tandem Capital Management Corp ADV now owns 9,965 shares of the utilities provider’s stock valued at $692,000 after purchasing an additional 145 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Transactions at NextEra Energy

In related news, EVP Mark Lemasney sold 846 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $74.90, for a total value of $63,365.40. Following the sale, the executive vice president owned 9,267 shares of the company’s stock, valued at approximately $694,098.30. This represents a 8.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Charles E. Sieving sold 11,336 shares of the company’s stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $80.00, for a total value of $906,880.00. Following the completion of the sale, the executive vice president directly owned 167,481 shares in the company, valued at approximately $13,398,480. The trade was a 6.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 32,705 shares of company stock worth $2,446,490 in the last quarter. Insiders own 0.20% of the company’s stock.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $84.48 on Friday. The business’s 50 day simple moving average is $75.54 and its 200-day simple moving average is $72.24. The firm has a market capitalization of $173.97 billion, a price-to-earnings ratio of 29.54, a price-to-earnings-growth ratio of 2.85 and a beta of 0.66. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.74.

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

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Thursday, August 28th were paid a $0.5665 dividend. The ex-dividend date of this dividend was Thursday, August 28th. This represents a $2.27 dividend on an annualized basis and a yield of 2.7%. NextEra Energy’s dividend payout ratio is presently 79.37%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on NEE. Mizuho set a $78.00 price objective on NextEra Energy in a report on Thursday, August 21st. Melius began coverage on NextEra Energy in a report on Wednesday, August 20th. They issued a “buy” rating and a $77.00 price objective on the stock. Evercore ISI set a $92.00 price objective on NextEra Energy and gave the company an “outperform” rating in a report on Monday, October 6th. JPMorgan Chase & Co. boosted their price target on NextEra Energy from $86.00 to $87.00 and gave the stock an “overweight” rating in a research note on Friday, August 22nd. Finally, Melius Research raised NextEra Energy to a “strong-buy” rating in a research note on Wednesday, August 20th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.40.

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.