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

Middleton & Co. Inc. MA cut its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 204,588 shares of the utilities provider’s stock after selling 377 shares during the period. NextEra Energy comprises approximately 1.9% of Middleton & Co. Inc. MA’s investment portfolio, making the stock its 14th biggest position. Middleton & Co. Inc. MA’s holdings in NextEra Energy were worth $17,294,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NEE. Wealthcare Advisory Partners LLC lifted its stake in shares of NextEra Energy by 23.6% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 23,073 shares of the utilities provider’s stock valued at $1,475,000 after acquiring an additional 4,401 shares during the last quarter. Astoria Portfolio Advisors LLC. lifted its stake in shares of NextEra Energy by 4.4% in the 1st quarter. Astoria Portfolio Advisors LLC. now owns 4,718 shares of the utilities provider’s stock valued at $296,000 after acquiring an additional 200 shares during the last quarter. Toth Financial Advisory Corp lifted its stake in shares of NextEra Energy by 625.9% in the 1st quarter. Toth Financial Advisory Corp now owns 813 shares of the utilities provider’s stock valued at $52,000 after acquiring an additional 701 shares during the last quarter. Alpha Omega Wealth Management LLC lifted its stake in shares of NextEra Energy by 13.2% in the 1st quarter. Alpha Omega Wealth Management LLC now owns 8,227 shares of the utilities provider’s stock valued at $526,000 after acquiring an additional 960 shares during the last quarter. Finally, Vicus Capital lifted its stake in shares of NextEra Energy by 57.1% in the 1st quarter. Vicus Capital now owns 6,552 shares of the utilities provider’s stock valued at $419,000 after acquiring an additional 2,381 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors.

Insider Activity at NextEra Energy

In related news, EVP Nicole J. Daggs sold 658 shares of the firm’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 of the company’s stock, valued at approximately $7,697. This trade represents a 0.00 % decrease in their position. The sale 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 owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NEE. Royal Bank of Canada cut NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday. Scotiabank increased their price objective on NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. Morgan Stanley increased their price objective on NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. Bank of America increased their price objective on NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Finally, BMO Capital Markets increased their price target on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $86.54.

NextEra Energy Price Performance

NEE stock opened at $81.43 on Friday. The stock has a market capitalization of $167.30 billion, a PE ratio of 22.19, a price-to-earnings-growth ratio of 2.92 and a beta of 0.56. The company’s 50-day moving average is $82.36 and its 200-day moving average is $76.12. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41. NextEra Energy, Inc. has a 1 year low of $53.81 and a 1 year high of $86.10.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. The company had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The business’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.94 EPS. Equities research analysts expect that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.53%. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

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.