Mitchell Capital Management Co. Sells 21,071 Shares of NextEra Energy, Inc. $NEE

Mitchell Capital Management Co. cut its stake in NextEra Energy, Inc. (NYSE:NEE) by 40.0% in the second quarter, HoldingsChannel.com reports. The fund owned 31,618 shares of the utilities provider’s stock after selling 21,071 shares during the period. Mitchell Capital Management Co.’s holdings in NextEra Energy were worth $2,401,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in NEE. 1 North Wealth Services LLC bought a new stake in NextEra Energy during the first quarter valued at approximately $26,000. Nova Wealth Management Inc. bought a new stake in NextEra Energy during the first quarter valued at approximately $32,000. IMA Advisory Services Inc. bought a new stake in NextEra Energy during the first quarter valued at approximately $35,000. Semmax Financial Advisors Inc. grew its position in NextEra Energy by 335.0% during the first quarter. Semmax Financial Advisors Inc. now owns 509 shares of the utilities provider’s stock valued at $36,000 after buying an additional 392 shares during the period. Finally, CBIZ Investment Advisory Services LLC grew its position in NextEra Energy by 237.7% during the first quarter. CBIZ Investment Advisory Services LLC now owns 520 shares of the utilities provider’s stock valued at $37,000 after buying an additional 366 shares during the period. 78.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Weiss Ratings restated a “hold (c)” rating on shares of NextEra Energy in a research report on Saturday, September 27th. Mizuho set a $78.00 target price on shares of NextEra Energy in a research report on Thursday, August 21st. Barclays boosted their target price 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 boosted their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the company an “outperform” rating in a research report on Monday, July 21st. Finally, Melius began coverage on shares of NextEra Energy in a report on Wednesday, August 20th. They set a “buy” rating and a $77.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.08.

Insider Activity at NextEra Energy

In related news, EVP Mark Lemasney sold 846 shares of the firm’s stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $74.90, for a total transaction of $63,365.40. Following the completion of the transaction, the executive vice president directly owned 9,267 shares of the company’s stock, valued at approximately $694,098.30. This trade represents a 8.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Robert Coffey sold 7,500 shares of the firm’s stock in a transaction on Monday, July 28th. The shares were sold at an average price of $71.84, for a total transaction of $538,800.00. Following the transaction, the executive vice president directly owned 26,539 shares of the company’s stock, valued at $1,906,561.76. The trade was a 22.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,705 shares of company stock valued at $2,446,490 in the last ninety days. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $83.30 on Monday. 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, Inc. has a 1-year low of $61.72 and a 1-year high of $86.00. The company has a market capitalization of $171.54 billion, a P/E ratio of 29.13, a P/E/G ratio of 2.82 and a beta of 0.66. The firm’s 50 day simple moving average is $74.20 and its two-hundred day simple moving average is $71.75.

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

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Thursday, August 28th were paid a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Thursday, August 28th. NextEra Energy’s dividend payout ratio (DPR) is presently 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.