Maple Capital Management Inc. Sells 821 Shares of NextEra Energy, Inc. $NEE

Maple Capital Management Inc. trimmed its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 9.7% during the second quarter, HoldingsChannel.com reports. The firm owned 7,671 shares of the utilities provider’s stock after selling 821 shares during the quarter. Maple Capital Management Inc.’s holdings in NextEra Energy were worth $533,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the stock. Daymark Wealth Partners LLC increased its stake in NextEra Energy by 6.5% in the second quarter. Daymark Wealth Partners LLC now owns 45,015 shares of the utilities provider’s stock valued at $3,125,000 after acquiring an additional 2,767 shares during the last quarter. Avity Investment Management Inc. increased its position in shares of NextEra Energy by 1.7% during the 2nd quarter. Avity Investment Management Inc. now owns 506,515 shares of the utilities provider’s stock valued at $35,162,000 after purchasing an additional 8,565 shares during the last quarter. Dillon & Associates Inc. raised its holdings in shares of NextEra Energy by 8.4% during the 2nd quarter. Dillon & Associates Inc. now owns 68,246 shares of the utilities provider’s stock valued at $4,709,000 after buying an additional 5,261 shares in the last quarter. Integrity Alliance LLC. lifted its position in NextEra Energy by 41.8% in the 1st quarter. Integrity Alliance LLC. now owns 25,092 shares of the utilities provider’s stock worth $1,779,000 after buying an additional 7,401 shares during the last quarter. Finally, Soltis Investment Advisors LLC boosted its stake in NextEra Energy by 171.1% in the second quarter. Soltis Investment Advisors LLC now owns 12,114 shares of the utilities provider’s stock worth $841,000 after buying an additional 7,645 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Up 1.2%

NYSE NEE opened at $85.81 on Wednesday. The stock has a market cap of $178.71 billion, a P/E ratio of 27.33, a price-to-earnings-growth ratio of 2.76 and a beta of 0.69. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $87.53. The stock has a 50 day simple moving average of $78.69 and a two-hundred day simple moving average of $74.32. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.45 and a current ratio of 0.55.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.09. The company had revenue of $7.97 billion during the quarter, compared to analyst estimates of $8.13 billion. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The firm’s revenue was up 5.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.03 earnings per share. On average, analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 21st will be given a dividend of $0.5665 per share. The ex-dividend date is Friday, November 21st. This represents a $2.27 annualized dividend and a dividend yield of 2.6%. NextEra Energy’s payout ratio is currently 71.97%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on NEE shares. Mizuho boosted their price objective on shares of NextEra Energy from $78.00 to $88.00 and gave the stock a “neutral” rating in a report on Monday, October 27th. Citigroup reissued a “buy” rating and issued a $96.00 price target (up from $84.00) on shares of NextEra Energy in a research note on Wednesday, October 29th. UBS Group reiterated a “buy” rating and issued a $96.00 price objective (up previously from $84.00) on shares of NextEra Energy in a report on Wednesday, October 29th. Melius Research raised NextEra Energy to a “strong-buy” rating in a research note on Wednesday, August 20th. Finally, Wells Fargo & Company upgraded NextEra Energy to a “strong-buy” rating in a research report on Tuesday, October 28th. Three analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $90.22.

Insider Buying and Selling

In other NextEra Energy news, EVP Charles E. Sieving sold 11,336 shares of the firm’s stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $80.00, for a total value of $906,880.00. Following the completion of the sale, the executive vice president directly owned 167,481 shares in the company, valued at $13,398,480. This trade represents a 6.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Mark Lemasney sold 846 shares of NextEra Energy stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $74.90, for a total value of $63,365.40. Following the sale, the executive vice president directly owned 9,267 shares in the company, valued at approximately $694,098.30. The trade was a 8.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 23,028 shares of company stock valued at $1,738,973 over the last three months. Corporate insiders own 0.18% of the company’s stock.

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.