Canopy Partners LLC Sells 819 Shares of NextEra Energy, Inc. (NYSE:NEE)

Canopy Partners LLC trimmed its holdings in NextEra Energy, Inc. (NYSE:NEE) by 7.1% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 10,691 shares of the utilities provider’s stock after selling 819 shares during the quarter. Canopy Partners LLC’s holdings in NextEra Energy were worth $758,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Bellwether Advisors LLC bought a new stake in NextEra Energy in the 4th quarter worth about $30,000. IMA Advisory Services Inc. bought a new stake in shares of NextEra Energy during the 1st quarter valued at about $35,000. Copia Wealth Management bought a new stake in shares of NextEra Energy during the 4th quarter valued at about $36,000. CBIZ Investment Advisory Services LLC increased its position in shares of NextEra Energy by 237.7% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 366 shares during the last quarter. Finally, Hughes Financial Services LLC purchased a new stake in shares of NextEra Energy during the 1st quarter valued at about $40,000. 78.72% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Treasurer James Michael May sold 2,177 shares of the stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total transaction of $168,717.50. Following the completion of the transaction, the treasurer directly owned 27,662 shares of the company’s stock, valued at approximately $2,143,805. This represents a 7.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Charles E. Sieving sold 23,684 shares of the firm’s stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $70.00, for a total value of $1,657,880.00. Following the transaction, the executive vice president owned 196,817 shares of the company’s stock, valued at $13,777,190. This represents a 10.74% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Wells Fargo & Company reduced their price target on shares of NextEra Energy from $102.00 to $97.00 and set an “overweight” rating for the company in a research report on Thursday, April 24th. Barclays upped their price target on shares of NextEra Energy from $65.00 to $67.00 and gave the company an “equal weight” rating in a research report on Thursday, July 10th. BMO Capital Markets upped their price objective on NextEra Energy from $77.00 to $81.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. Erste Group Bank cut NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 8th. Finally, UBS Group cut their price target on NextEra Energy from $94.00 to $84.00 and set a “buy” rating for the company in a report on Friday, May 23rd. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.42.

NextEra Energy Trading Down 0.7%

Shares of NEE stock opened at $71.34 on Tuesday. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.10. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54. The firm has a market capitalization of $146.91 billion, a PE ratio of 24.94, a PEG ratio of 2.48 and a beta of 0.67. The stock has a fifty day simple moving average of $72.19 and a two-hundred day simple moving average of $70.46.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share (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 during the quarter, compared to analyst estimates of $7.52 billion. During the same quarter in the prior year, the business posted $0.96 EPS. NextEra Energy’s revenue for the quarter was up 10.4% compared to the same quarter last year. On average, analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, August 28th will be issued a $0.5665 dividend. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.18%. NextEra Energy’s dividend payout ratio (DPR) is 79.37%.

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.