Aull & Monroe Investment Management Corp Reduces Stock Position in NextEra Energy, Inc. $NEE

Aull & Monroe Investment Management Corp trimmed its holdings in NextEra Energy, Inc. (NYSE:NEE) by 0.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 56,513 shares of the utilities provider’s stock after selling 534 shares during the period. NextEra Energy makes up about 2.1% of Aull & Monroe Investment Management Corp’s holdings, making the stock its 15th largest holding. Aull & Monroe Investment Management Corp’s holdings in NextEra Energy were worth $3,923,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Activest Wealth Management grew its position in NextEra Energy by 79.7% in the second quarter. Activest Wealth Management now owns 354 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 157 shares during the period. Harbor Asset Planning Inc. purchased a new position in NextEra Energy in the second quarter worth approximately $25,000. 1 North Wealth Services LLC purchased a new position in NextEra Energy in the first quarter worth approximately $26,000. Nova Wealth Management Inc. purchased a new position in NextEra Energy in the first quarter worth approximately $32,000. Finally, IMA Advisory Services Inc. purchased a new position in NextEra Energy in the first quarter worth approximately $35,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NEE has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their price target on NextEra Energy from $86.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, August 22nd. TD Cowen initiated coverage on NextEra Energy in a research note on Thursday. They issued a “buy” rating and a $98.00 price target on the stock. HSBC cut their price target on NextEra Energy from $88.00 to $86.00 and set a “buy” rating on the stock in a research note on Friday, July 11th. Melius Research upgraded NextEra Energy to a “strong-buy” rating in a research note on Wednesday, August 20th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of NextEra Energy in a research note on Tuesday, October 14th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, NextEra Energy presently has an average rating of “Moderate Buy” and an average price target of $86.40.

Insider Buying and Selling at NextEra Energy

In related news, EVP Michael Dunne sold 10,000 shares of the business’s stock in a transaction dated Monday, September 8th. The stock was sold at an average price of $70.79, for a total value of $707,900.00. Following the transaction, the executive vice president owned 62,064 shares in the company, valued at $4,393,510.56. The trade was a 13.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Robert Coffey sold 7,500 shares of the business’s stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $71.84, for a total value of $538,800.00. Following the completion of the transaction, the executive vice president owned 26,539 shares in the company, valued at $1,906,561.76. This trade represents a 22.03% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,705 shares of company stock valued at $2,446,490. 0.20% of the stock is owned by insiders.

NextEra Energy Stock Down 0.7%

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 company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.74. The stock has a market capitalization of $173.97 billion, a P/E ratio of 29.54, a price-to-earnings-growth ratio of 2.85 and a beta of 0.66.

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

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Thursday, August 28th were given a dividend of $0.5665 per share. The ex-dividend date 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 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.