Canandaigua National Trust Co of Florida Sells 1,752 Shares of NextEra Energy, Inc. (NYSE:NEE)

Canandaigua National Trust Co of Florida trimmed its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 10.9% during the 4th quarter, HoldingsChannel reports. The fund owned 14,388 shares of the utilities provider’s stock after selling 1,752 shares during the quarter. NextEra Energy makes up approximately 0.8% of Canandaigua National Trust Co of Florida’s investment 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.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NEE. Advance Capital Management Inc. grew its holdings in shares of NextEra Energy by 2.4% during the 4th quarter. Advance Capital Management Inc. now owns 8,135 shares of the utilities provider’s stock worth $583,000 after purchasing an additional 194 shares in the last quarter. Burkett Financial Services LLC lifted its position in NextEra Energy by 1,229.6% in the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 332 shares during the period. CWA Asset Management Group LLC boosted its stake in NextEra Energy by 24.0% during the fourth quarter. CWA Asset Management Group LLC now owns 21,245 shares of the utilities provider’s stock worth $1,523,000 after buying an additional 4,110 shares in the last quarter. Legacy Wealth Management LLC MS increased its holdings in NextEra Energy by 11.3% in the 4th quarter. Legacy Wealth Management LLC MS now owns 4,882 shares of the utilities provider’s stock valued at $350,000 after buying an additional 494 shares during the period. Finally, Nordea Investment Management AB raised its stake in shares of NextEra Energy by 20.9% in the 4th quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock valued at $634,703,000 after buying an additional 1,525,436 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Trading Down 1.3 %

NextEra Energy stock traded down $0.93 during trading hours on Monday, reaching $71.06. 6,938,096 shares of the company’s stock traded hands, compared to its average volume of 5,179,189. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10. The firm’s 50 day moving average is $75.19 and its 200-day moving average is $77.43. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. The firm has a market capitalization of $146.13 billion, a price-to-earnings ratio of 21.02, a PEG ratio of 2.66 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, topping 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 analyst estimates of $8.11 billion. During the same quarter in the previous year, the business earned $0.94 EPS. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, analysts predict that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 22nd were given a $0.515 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.90%. NextEra Energy’s dividend payout ratio is 60.95%.

Insider Buying and Selling

In other 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 transaction of $302,808.99. Following the sale, the executive vice president now owns 15,792 shares of the company’s stock, valued at $1,193,401.44. This trade represents a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.18% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on NEE shares. Barclays increased their price target on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Scotiabank raised their target price on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Dbs Bank lowered NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. Royal Bank of Canada lowered NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Finally, Morgan Stanley reduced 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. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, NextEra Energy has an average rating of “Hold” and an average target price of $87.15.

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.