Canandaigua National Trust Co of Florida Decreases Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Canandaigua National Trust Co of Florida lessened its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 54.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 6,625 shares of the utilities provider’s stock after selling 7,763 shares during the period. Canandaigua National Trust Co of Florida’s holdings in NextEra Energy were worth $470,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bellwether Advisors LLC purchased a new stake in NextEra Energy during the 4th quarter valued at $30,000. WealthTrak Capital Management LLC purchased a new stake in NextEra Energy during the 4th quarter valued at $33,000. Copia Wealth Management purchased a new stake in NextEra Energy during the 4th quarter valued at $36,000. Promus Capital LLC purchased a new stake in NextEra Energy during the 4th quarter valued at $45,000. Finally, Graney & King LLC bought a new position in NextEra Energy in the 4th quarter valued at $46,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insider Transactions at NextEra Energy

In other news, EVP Charles E. Sieving sold 23,684 shares of the firm’s stock in a transaction on Friday, May 9th. The stock was sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the completion of the transaction, the executive vice president now directly owns 196,817 shares in the company, valued at $13,777,190. This trade represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. BMO Capital Markets cut their price objective on NextEra Energy from $84.00 to $77.00 and set an “outperform” rating on the stock in a research report on Monday, April 14th. Barclays dropped their price objective on NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 29th. UBS Group reduced their target price on NextEra Energy from $94.00 to $84.00 and set a “buy” rating on the stock in a research report on Friday, May 23rd. Morgan Stanley dropped their price target on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 18th. Finally, Wells Fargo & Company dropped their price target on NextEra Energy from $102.00 to $97.00 and set an “overweight” rating on the stock in a research note on Thursday, April 24th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $84.55.

NextEra Energy Trading Down 0.0%

Shares of NextEra Energy stock opened at $70.96 on Monday. The firm has a market capitalization of $146.07 billion, a price-to-earnings ratio of 26.57, a PEG ratio of 2.50 and a beta of 0.68. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.45 and a current ratio of 0.55. The stock has a 50 day moving average of $69.99 and a 200 day moving average of $70.12.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, hitting the consensus estimate of $0.99. The company had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.58 billion. NextEra Energy had a return on equity of 12.06% and a net margin of 21.81%. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.91 earnings per share. As a group, research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a dividend of $0.5665 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $2.27 annualized dividend and a dividend yield of 3.19%. NextEra Energy’s dividend payout ratio is currently 85.02%.

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.