NextEra Energy, Inc. $NEE Shares Sold by Cidel Asset Management Inc.

Cidel Asset Management Inc. cut its holdings in NextEra Energy, Inc. (NYSE:NEE) by 9.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,861 shares of the utilities provider’s stock after selling 2,963 shares during the period. Cidel Asset Management Inc.’s holdings in NextEra Energy were worth $2,073,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Chicago Partners Investment Group LLC increased its holdings in shares of NextEra Energy by 7.4% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 22,322 shares of the utilities provider’s stock valued at $1,625,000 after acquiring an additional 1,533 shares during the last quarter. Sigma Investment Counselors Inc. lifted its stake in NextEra Energy by 6.2% during the second quarter. Sigma Investment Counselors Inc. now owns 61,457 shares of the utilities provider’s stock worth $4,266,000 after purchasing an additional 3,604 shares during the last quarter. First Bancorp Inc ME boosted its holdings in NextEra Energy by 6.6% in the second quarter. First Bancorp Inc ME now owns 8,032 shares of the utilities provider’s stock valued at $558,000 after purchasing an additional 498 shares in the last quarter. Gladwyn Financial Advisors Inc. purchased a new position in NextEra Energy in the second quarter valued at approximately $627,000. Finally, TrueMark Investments LLC increased its stake in NextEra Energy by 8.9% in the second quarter. TrueMark Investments LLC now owns 101,893 shares of the utilities provider’s stock valued at $7,073,000 after purchasing an additional 8,302 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on NEE. New Street Research set a $84.00 price objective on shares of NextEra Energy in a research report on Monday, October 13th. Melius began coverage on shares of NextEra Energy in a research report on Wednesday, August 20th. They issued a “buy” rating and a $77.00 price target for the company. BMO Capital Markets raised their price objective on NextEra Energy from $77.00 to $81.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. Melius Research upgraded NextEra Energy to a “strong-buy” rating in a research report on Wednesday, August 20th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $85.00 target price (up from $77.00) on shares of NextEra Energy in a research report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $86.40.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, Treasurer James Michael May sold 2,177 shares of the business’s stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $77.50, for a total value of $168,717.50. Following the transaction, the treasurer directly owned 27,662 shares of the company’s stock, valued at approximately $2,143,805. The trade was a 7.30% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Charles E. Sieving sold 11,336 shares of the company’s stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $80.00, for a total transaction of $906,880.00. Following the transaction, the executive vice president owned 167,481 shares of the company’s stock, 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. Over the last three months, insiders have sold 32,705 shares of company stock valued at $2,446,490. Corporate insiders own 0.20% of the company’s stock.

NextEra Energy Price Performance

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

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.04. The firm 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 business’s revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the company posted $0.96 earnings per share. On average, analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were issued 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 dividend yield of 2.7%. NextEra Energy’s payout ratio is presently 79.37%.

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.