Middleton & Co. Inc. MA Sells 377 Shares of NextEra Energy, Inc. (NYSE:NEE)

Middleton & Co. Inc. MA decreased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 0.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 204,588 shares of the utilities provider’s stock after selling 377 shares during the quarter. NextEra Energy accounts for 1.9% of Middleton & Co. Inc. MA’s investment portfolio, making the stock its 14th biggest holding. Middleton & Co. Inc. MA’s holdings in NextEra Energy were worth $17,294,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the company. St. Johns Investment Management Company LLC lifted its position in shares of NextEra Energy by 3.7% during the 3rd quarter. St. Johns Investment Management Company LLC now owns 11,638 shares of the utilities provider’s stock worth $984,000 after buying an additional 412 shares in the last quarter. BKM Wealth Management LLC lifted its position in shares of NextEra Energy by 17.0% during the 3rd quarter. BKM Wealth Management LLC now owns 20,333 shares of the utilities provider’s stock worth $1,719,000 after buying an additional 2,949 shares in the last quarter. Parcion Private Wealth LLC lifted its position in shares of NextEra Energy by 12.9% during the 3rd quarter. Parcion Private Wealth LLC now owns 6,475 shares of the utilities provider’s stock worth $547,000 after buying an additional 740 shares in the last quarter. Signet Investment Advisory Group Inc. lifted its position in shares of NextEra Energy by 2.2% during the 3rd quarter. Signet Investment Advisory Group Inc. now owns 56,857 shares of the utilities provider’s stock worth $4,806,000 after buying an additional 1,223 shares in the last quarter. Finally, Cromwell Holdings LLC bought a new position in shares of NextEra Energy during the 3rd quarter worth approximately $425,000. Institutional investors own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on NEE shares. Morgan Stanley lifted their target price on shares of NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. BMO Capital Markets raised their price target on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Wells Fargo & Company raised their price target on shares of NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 3rd. Royal Bank of Canada lowered shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday. Finally, Bank of America raised their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $86.54.

NextEra Energy Stock Down 1.7 %

NextEra Energy stock opened at $81.43 on Friday. NextEra Energy, Inc. has a 1-year low of $53.81 and a 1-year high of $86.10. The firm has a market capitalization of $167.30 billion, a price-to-earnings ratio of 22.19, a P/E/G ratio of 2.92 and a beta of 0.56. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15. The firm has a 50 day simple moving average of $82.36 and a 200 day simple moving average of $76.12.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The business had revenue of $7.57 billion during the quarter, compared to analyst estimates of $8.11 billion. During the same period in the previous year, the business earned $0.94 EPS. NextEra Energy’s revenue was up 5.5% compared to the same quarter last year. On average, analysts predict that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be paid a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy’s dividend payout ratio is presently 56.13%.

Insiders Place Their Bets

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $76.97, for a total value of $50,646.26. Following the transaction, the executive vice president now owns 100 shares in the company, valued at approximately $7,697. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is currently owned by insiders.

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.