Maple Capital Management Inc. Has $533,000 Holdings in NextEra Energy, Inc. $NEE

Maple Capital Management Inc. trimmed its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 9.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,671 shares of the utilities provider’s stock after selling 821 shares during the quarter. Maple Capital Management Inc.’s holdings in NextEra Energy were worth $533,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. GQG Partners LLC raised its position in shares of NextEra Energy by 58.4% in the 1st quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider’s stock worth $1,221,896,000 after acquiring an additional 6,352,798 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of NextEra Energy by 20.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider’s stock valued at $1,165,748,000 after buying an additional 2,815,629 shares during the period. Amundi increased its position in NextEra Energy by 27.8% in the 1st quarter. Amundi now owns 12,200,990 shares of the utilities provider’s stock valued at $878,447,000 after buying an additional 2,657,438 shares in the last quarter. Vanguard Group Inc. increased its position in NextEra Energy by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider’s stock valued at $14,697,086,000 after buying an additional 2,025,193 shares in the last quarter. Finally, Boston Partners raised its stake in NextEra Energy by 55.3% during the 1st quarter. Boston Partners now owns 5,300,839 shares of the utilities provider’s stock worth $374,639,000 after buying an additional 1,886,999 shares during the period. 78.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NEE has been the subject of several recent research reports. Jefferies Financial Group restated a “hold” rating and set a $85.00 price objective (up previously from $77.00) on shares of NextEra Energy in a report on Tuesday, October 14th. TD Cowen started coverage on shares of NextEra Energy in a report on Thursday, October 16th. They set a “buy” rating and a $98.00 price objective on the stock. Cowen began coverage on shares of NextEra Energy in a report on Wednesday, October 15th. They set a “buy” rating for the company. New Street Research set a $84.00 target price on shares of NextEra Energy in a research report on Monday, October 13th. Finally, UBS Group reaffirmed a “buy” rating and issued a $96.00 price target (up previously from $84.00) on shares of NextEra Energy in a research report on Wednesday, October 29th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $90.22.

Insider Buying and Selling

In other NextEra Energy news, EVP Michael Dunne sold 10,000 shares of the business’s stock in a transaction on Monday, September 8th. The stock was sold at an average price of $70.79, for a total value of $707,900.00. Following the sale, the executive vice president directly owned 62,064 shares in the company, valued at $4,393,510.56. The trade was a 13.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Mark Lemasney sold 846 shares of the stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $74.90, for a total value of $63,365.40. Following the transaction, the executive vice president owned 9,267 shares of the company’s stock, valued at $694,098.30. The trade was a 8.37% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 23,028 shares of company stock valued at $1,738,973. 0.18% of the stock is owned by company insiders.

NextEra Energy Trading Up 1.2%

Shares of NextEra Energy stock opened at $85.81 on Wednesday. The firm has a market cap of $178.71 billion, a PE ratio of 27.33, a P/E/G ratio of 2.76 and a beta of 0.69. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $87.53. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.55 and a quick ratio of 0.45. The stock has a fifty day moving average price of $78.69 and a 200-day moving average price of $74.32.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.09. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The company had revenue of $7.97 billion for the quarter, compared to the consensus estimate of $8.13 billion. During the same period in the previous year, the firm earned $1.03 EPS. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. Equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 21st will be paid a dividend of $0.5665 per share. The ex-dividend date is Friday, November 21st. This represents a $2.27 annualized dividend and a dividend yield of 2.6%. NextEra Energy’s dividend payout ratio (DPR) is presently 71.97%.

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.