Maple Capital Management Inc. Has $602,000 Position in NextEra Energy, Inc. $NEE

Maple Capital Management Inc. lessened its position in NextEra Energy, Inc. (NYSE:NEE) by 19.3% in the first quarter, Holdings Channel.com reports. The firm owned 8,492 shares of the utilities provider’s stock after selling 2,027 shares during the quarter. Maple Capital Management Inc.’s holdings in NextEra Energy were worth $602,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of NEE. Somerset Trust Co increased its stake in shares of NextEra Energy by 5.2% in the first quarter. Somerset Trust Co now owns 89,709 shares of the utilities provider’s stock valued at $6,359,000 after buying an additional 4,445 shares during the period. Elyxium Wealth LLC acquired a new stake in shares of NextEra Energy in the first quarter valued at about $783,000. Viking Fund Management LLC increased its stake in shares of NextEra Energy by 67.8% in the first quarter. Viking Fund Management LLC now owns 495,000 shares of the utilities provider’s stock valued at $35,091,000 after buying an additional 200,000 shares during the period. Trust Co. of Vermont increased its stake in shares of NextEra Energy by 2.2% in the first quarter. Trust Co. of Vermont now owns 385,592 shares of the utilities provider’s stock valued at $27,335,000 after buying an additional 8,472 shares during the period. Finally, Tema Etfs LLC increased its stake in shares of NextEra Energy by 835.9% in the first quarter. Tema Etfs LLC now owns 50,839 shares of the utilities provider’s stock valued at $3,604,000 after buying an additional 45,407 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Ratings Changes

NEE has been the subject of several recent research reports. HSBC decreased their price target on NextEra Energy from $88.00 to $86.00 and set a “buy” rating for the company in a research note on Friday, July 11th. Mizuho set a $78.00 price target on NextEra Energy in a research note on Thursday, August 21st. UBS Group decreased their price target on NextEra Energy from $94.00 to $84.00 and set a “buy” rating for the company in a research note on Friday, May 23rd. BMO Capital Markets increased their price target on NextEra Energy from $77.00 to $81.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. Finally, Melius Research raised NextEra Energy to a “strong-buy” rating in a research note on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $84.00.

NextEra Energy Trading Up 0.5%

NYSE NEE opened at $71.36 on Friday. The business has a 50 day simple moving average of $73.13 and a 200 day simple moving average of $71.05. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10. The stock has a market capitalization of $146.95 billion, a P/E ratio of 24.95, a P/E/G ratio of 2.45 and a beta of 0.65. The company has a debt-to-equity ratio of 1.36, a current ratio of 0.54 and a quick ratio of 0.45.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $7.52 billion. During the same quarter last year, the firm posted $0.96 earnings per share. The firm’s revenue was up 10.4% on a year-over-year basis. Research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Thursday, August 28th will be issued a $0.5665 dividend. The ex-dividend date is Thursday, August 28th. This represents a $2.27 annualized dividend and a yield of 3.2%. NextEra Energy’s dividend payout ratio is presently 79.02%.

Insiders Place Their Bets

In other NextEra Energy 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 value of $168,717.50. Following the transaction, the treasurer owned 27,662 shares in the company, valued at approximately $2,143,805. This represents a 7.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Robert Coffey sold 7,500 shares of the stock in a transaction that occurred on Monday, July 28th. The stock was 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 approximately $1,906,561.76. The trade was a 22.03% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,677 shares of company stock worth $1,415,418. Corporate insiders own 0.20% of the company’s stock.

About NextEra Energy

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.