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

First City Capital Management Inc. reduced its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,792 shares of the utilities provider’s stock after selling 194 shares during the period. First City Capital Management Inc.’s holdings in NextEra Energy were worth $559,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Centre Asset Management LLC raised its position in NextEra Energy by 7.4% in the fourth quarter. Centre Asset Management LLC now owns 14,927 shares of the utilities provider’s stock valued at $1,070,000 after purchasing an additional 1,034 shares during the last quarter. Modus Advisors LLC raised its holdings in NextEra Energy by 5.4% in the 4th quarter. Modus Advisors LLC now owns 19,496 shares of the utilities provider’s stock valued at $1,398,000 after buying an additional 998 shares during the last quarter. GAMMA Investing LLC increased its position in NextEra Energy by 7.2% in the 4th quarter. GAMMA Investing LLC now owns 28,732 shares of the utilities provider’s stock valued at $2,060,000 after acquiring an additional 1,928 shares during the period. Versant Capital Management Inc lifted its holdings in shares of NextEra Energy by 19.6% during the fourth quarter. Versant Capital Management Inc now owns 4,358 shares of the utilities provider’s stock worth $312,000 after purchasing an additional 713 shares during the period. Finally, Legacy Wealth Management LLC MS acquired a new stake in NextEra Energy in the third quarter valued at $371,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on NEE. Barclays increased their price target on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Guggenheim lifted their target price on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Jefferies Financial Group initiated coverage on NextEra Energy in a research report on Thursday, September 19th. They issued a “hold” rating and a $87.00 price objective for the company. Royal Bank of Canada downgraded NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Finally, Scotiabank increased their price target on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $87.15.

NextEra Energy Price Performance

Shares of NextEra Energy stock traded up $0.66 on Friday, reaching $72.27. The stock had a trading volume of 2,244,060 shares, compared to its average volume of 3,766,074. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. NextEra Energy, Inc. has a 1 year low of $53.95 and a 1 year high of $86.10. The company has a market cap of $148.62 billion, a P/E ratio of 21.38, a price-to-earnings-growth ratio of 2.67 and a beta of 0.56. The business’s 50 day moving average is $75.38 and its two-hundred day moving average is $77.34.

NextEra Energy (NYSE:NEE) last released its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The business had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. During the same quarter in the prior year, the firm earned $0.94 earnings per share. The firm’s revenue was up 5.5% on a year-over-year basis. As a group, research analysts anticipate that NextEra Energy, Inc. will post 3.41 EPS for the current year.

NextEra Energy Announces Dividend

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

Insider Activity

In other news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the completion of the sale, the executive vice president now owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. This represents a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is owned by corporate insiders.

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.