Cutter & CO Brokerage Inc. Sells 1,363 Shares of NextEra Energy, Inc. (NYSE:NEE)

Cutter & CO Brokerage Inc. reduced its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 10.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,095 shares of the utilities provider’s stock after selling 1,363 shares during the period. Cutter & CO Brokerage Inc.’s holdings in NextEra Energy were worth $856,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC raised its stake in shares of NextEra Energy by 33.3% in the fourth quarter. International Assets Investment Management LLC now owns 35,783 shares of the utilities provider’s stock valued at $2,173,000 after purchasing an additional 8,949 shares in the last quarter. GUNN & Co INVESTMENT MANAGEMENT INC. raised its position in NextEra Energy by 1,573.0% in the fourth quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 596,204 shares of the utilities provider’s stock worth $36,213,000 after purchasing an additional 560,567 shares in the last quarter. New York Life Investment Management LLC lifted its stake in NextEra Energy by 1.9% during the fourth quarter. New York Life Investment Management LLC now owns 322,786 shares of the utilities provider’s stock worth $19,606,000 after purchasing an additional 5,880 shares during the period. Wilbanks Smith & Thomas Asset Management LLC boosted its holdings in NextEra Energy by 25.3% during the fourth quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 44,715 shares of the utilities provider’s stock valued at $2,716,000 after purchasing an additional 9,026 shares in the last quarter. Finally, LGT Group Foundation grew its stake in shares of NextEra Energy by 11.7% in the 4th quarter. LGT Group Foundation now owns 151,511 shares of the utilities provider’s stock valued at $9,245,000 after purchasing an additional 15,813 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Trading Up 1.2 %

Shares of NYSE:NEE traded up $0.99 during trading on Friday, hitting $80.51. 6,808,205 shares of the company’s stock were exchanged, compared to its average volume of 6,723,177. The firm has a 50-day moving average price of $75.39 and a two-hundred day moving average price of $69.57. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $81.07. The firm has a market cap of $165.48 billion, a P/E ratio of 21.94, a PEG ratio of 2.92 and a beta of 0.54. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The company had revenue of $6.07 billion for the quarter, compared to the consensus estimate of $7.29 billion. During the same quarter in the prior year, the business posted $0.88 EPS. Equities analysts predict that NextEra Energy, Inc. will post 3.39 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 16th. Investors of record on Friday, August 30th will be given a $0.515 dividend. The ex-dividend date is Friday, August 30th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.56%. NextEra Energy’s dividend payout ratio is 56.13%.

Insider Buying and Selling

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total value of $50,646.26. Following the sale, the executive vice president now directly owns 100 shares in the company, valued at $7,697. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.18% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently commented on the company. Bank of America boosted their price target on NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a research note on Thursday. Citigroup lifted their price target on shares of NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, June 27th. Royal Bank of Canada raised their price objective on shares of NextEra Energy from $74.00 to $84.00 and gave the stock an “outperform” rating in a report on Wednesday, June 12th. Scotiabank boosted their target price on NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Finally, Morgan Stanley raised their price target on NextEra Energy from $85.00 to $87.00 and gave the company an “overweight” rating in a report on Friday, August 23rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $81.00.

NextEra Energy Company 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.