NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Canton Hathaway LLC

Canton Hathaway LLC lessened its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 16.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,563 shares of the utilities provider’s stock after selling 500 shares during the quarter. Canton Hathaway LLC’s holdings in NextEra Energy were worth $217,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Tandem Capital Management Corp ADV grew its stake in shares of NextEra Energy by 1.3% during the 3rd quarter. Tandem Capital Management Corp ADV now owns 9,935 shares of the utilities provider’s stock worth $840,000 after purchasing an additional 125 shares during the period. Insight Folios Inc boosted its holdings in NextEra Energy by 1.5% during the third quarter. Insight Folios Inc now owns 8,439 shares of the utilities provider’s stock worth $713,000 after buying an additional 126 shares in the last quarter. Taylor & Morgan Wealth Management LLC boosted its holdings in NextEra Energy by 1.7% during the third quarter. Taylor & Morgan Wealth Management LLC now owns 7,744 shares of the utilities provider’s stock worth $655,000 after buying an additional 126 shares in the last quarter. Osborne Partners Capital Management LLC grew its position in NextEra Energy by 1.2% during the third quarter. Osborne Partners Capital Management LLC now owns 10,724 shares of the utilities provider’s stock worth $906,000 after buying an additional 128 shares during the period. Finally, Boston Trust Walden Corp increased its holdings in NextEra Energy by 0.4% in the third quarter. Boston Trust Walden Corp now owns 30,720 shares of the utilities provider’s stock valued at $2,597,000 after buying an additional 130 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on NEE shares. BMO Capital Markets boosted their price target on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Scotiabank boosted their target price on NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 20th. Dbs Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. JPMorgan Chase & Co. lifted their price target on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, Jefferies Financial Group began coverage on shares of NextEra Energy in a research note on Thursday, September 19th. They issued a “hold” rating and a $87.00 price objective on the stock. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $86.85.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the sale, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. This trade represents a 20.24 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.18% of the company’s stock.

NextEra Energy Price Performance

NextEra Energy stock opened at $76.29 on Monday. The stock has a market capitalization of $156.88 billion, a P/E ratio of 22.49, a P/E/G ratio of 2.75 and a beta of 0.57. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33. The firm’s 50-day moving average is $80.90 and its two-hundred day moving average is $77.75.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. The firm had revenue of $7.57 billion for the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. NextEra Energy’s revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.94 earnings per share. Equities analysts predict that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s dividend payout ratio is currently 60.95%.

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.