First City Capital Management Inc. Sells 194 Shares of NextEra Energy, Inc. (NYSE:NEE)

First City Capital Management Inc. reduced its holdings in NextEra Energy, Inc. (NYSE:NEE) by 2.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 7,792 shares of the utilities provider’s stock after selling 194 shares during the quarter. First City Capital Management Inc.’s holdings in NextEra Energy were worth $559,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Border to Coast Pensions Partnership Ltd lifted its stake in shares of NextEra Energy by 2.2% in the 3rd quarter. Border to Coast Pensions Partnership Ltd now owns 1,216,077 shares of the utilities provider’s stock valued at $102,495,000 after purchasing an additional 26,270 shares during the period. Swiss National Bank raised its position in NextEra Energy by 0.4% in the 3rd quarter. Swiss National Bank now owns 6,098,200 shares of the utilities provider’s stock worth $515,481,000 after buying an additional 21,400 shares during the last quarter. Dillon & Associates Inc. lifted its stake in NextEra Energy by 16.0% during the 3rd quarter. Dillon & Associates Inc. now owns 59,320 shares of the utilities provider’s stock valued at $5,042,000 after acquiring an additional 8,184 shares during the period. HITE Hedge Asset Management LLC bought a new stake in shares of NextEra Energy in the third quarter worth approximately $25,801,000. Finally, Magnolia Capital Advisors LLC raised its holdings in shares of NextEra Energy by 1,224.3% during the second quarter. Magnolia Capital Advisors LLC now owns 72,453 shares of the utilities provider’s stock valued at $5,130,000 after purchasing an additional 66,982 shares during the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the sale, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. This trade represents a 20.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.18% of the stock is currently owned by company insiders.

NextEra Energy Trading Up 0.9 %

NYSE NEE traded up $0.66 during trading on Friday, hitting $72.27. The stock had a trading volume of 2,244,060 shares, compared to its average volume of 3,766,074. The stock has a 50 day simple moving average of $75.38 and a 200 day simple moving average of $77.34. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. The stock has a market capitalization of $148.62 billion, a price-to-earnings ratio of 21.38, a P/E/G ratio of 2.67 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.98 by $0.05. The business had revenue of $7.57 billion during the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.94 EPS. Sell-side analysts predict that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 22nd were given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend was Friday, November 22nd. NextEra Energy’s dividend payout ratio is presently 60.95%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on NEE shares. Scotiabank boosted their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. BMO Capital Markets increased their price objective 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. Barclays upped their price objective on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Morgan Stanley cut their price objective on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. Finally, Jefferies Financial Group assumed coverage on shares of NextEra Energy in a research note on Thursday, September 19th. They set a “hold” rating and a $87.00 target price on the stock. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $87.15.

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.