Chilton Capital Management LLC Sells 555 Shares of NextEra Energy, Inc. $NEE

Chilton Capital Management LLC reduced its stake in NextEra Energy, Inc. (NYSE:NEE) by 16.7% in 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 2,760 shares of the utilities provider’s stock after selling 555 shares during the period. Chilton Capital Management LLC’s holdings in NextEra Energy were worth $192,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of NEE. Activest Wealth Management increased its stake in shares of NextEra Energy by 79.7% during the second quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 157 shares in the last quarter. Harbor Asset Planning Inc. bought a new position in shares of NextEra Energy during the second quarter valued at approximately $25,000. 1 North Wealth Services LLC bought a new position in shares of NextEra Energy during the first quarter valued at approximately $26,000. Nova Wealth Management Inc. bought a new position in shares of NextEra Energy during the first quarter valued at approximately $32,000. Finally, IMA Advisory Services Inc. bought a new position in shares of NextEra Energy during the first quarter valued at approximately $35,000. 78.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on NEE. Cowen began coverage on shares of NextEra Energy in a research note on Wednesday, October 15th. They set a “buy” rating for the company. BMO Capital Markets raised their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. Melius initiated coverage on shares of NextEra Energy in a research report on Wednesday, August 20th. They set a “buy” rating and a $77.00 price target for the company. Morgan Stanley reissued an “overweight” rating and set a $95.00 price target (down previously from $96.00) on shares of NextEra Energy in a research report on Thursday, September 25th. Finally, Evercore ISI set a $92.00 price target on shares of NextEra Energy and gave the company an “outperform” rating in a research report on Monday, October 6th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $88.38.

Insider Buying and Selling

In related news, EVP Charles E. Sieving sold 11,336 shares of the firm’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 sale, the executive vice president owned 167,481 shares in the company, valued at approximately $13,398,480. This trade represents a 6.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Mark Lemasney sold 846 shares of the firm’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 transaction of $63,365.40. Following the completion of the sale, the executive vice president owned 9,267 shares in the company, valued at $694,098.30. This represents a 8.37% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,028 shares of company stock worth $1,738,973. 0.18% of the stock is owned by insiders.

NextEra Energy Trading Up 1.4%

Shares of NEE stock opened at $84.42 on Monday. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.74. 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 firm’s 50 day moving average is $76.64 and its 200 day moving average is $72.88. The stock has a market capitalization of $173.85 billion, a P/E ratio of 29.52, a P/E/G ratio of 2.85 and a beta of 0.66.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 21st will be issued a $0.5665 dividend. The ex-dividend date is Friday, November 21st. This represents a $2.27 annualized dividend and a yield of 2.7%. NextEra Energy’s dividend payout ratio (DPR) is currently 79.37%.

NextEra Energy 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.