Canandaigua National Bank & Trust Co. Sells 17,580 Shares of NextEra Energy, Inc. (NYSE:NEE)

Canandaigua National Bank & Trust Co. trimmed its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 17.5% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 83,006 shares of the utilities provider's stock after selling 17,580 shares during the period. Canandaigua National Bank & Trust Co.'s holdings in NextEra Energy were worth $5,884,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of NEE. Norges Bank purchased a new stake in shares of NextEra Energy in the 4th quarter worth about $3,484,197,000. Boston Partners acquired a new stake in shares of NextEra Energy during the 4th quarter worth $244,169,000. Two Sigma Advisers LP purchased a new position in shares of NextEra Energy in the 4th quarter worth about $240,269,000. Amundi lifted its position in NextEra Energy by 49.8% during the fourth quarter. Amundi now owns 9,543,552 shares of the utilities provider's stock valued at $676,008,000 after buying an additional 3,172,405 shares in the last quarter. Finally, California Public Employees Retirement System increased its holdings in NextEra Energy by 46.7% in the 4th quarter. California Public Employees Retirement System now owns 7,910,346 shares of the utilities provider's stock valued at $567,093,000 after purchasing an additional 2,517,369 shares in the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at NextEra Energy

In related news, EVP Charles E. Sieving sold 23,684 shares of NextEra Energy stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $70.00, for a total value of $1,657,880.00. Following the transaction, the executive vice president directly owned 196,817 shares of the company's stock, valued at $13,777,190. The trade was a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.18% of the company's stock.

NextEra Energy Stock Down 2.0%

NextEra Energy stock traded down $1.39 during midday trading on Monday, reaching $69.50. The stock had a trading volume of 20,892,666 shares, compared to its average volume of 10,971,744. The firm's fifty day simple moving average is $69.99 and its 200-day simple moving average is $70.12. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.45 and a current ratio of 0.55. The stock has a market capitalization of $143.07 billion, a P/E ratio of 26.03, a price-to-earnings-growth ratio of 2.50 and a beta of 0.68. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, hitting analysts' consensus estimates of $0.99. NextEra Energy had a return on equity of 12.06% and a net margin of 21.81%. The business had revenue of $6.25 billion during the quarter, compared to analysts' expectations of $6.58 billion. During the same quarter last year, the company posted $0.91 earnings per share. NextEra Energy's quarterly revenue was up 9.0% on a year-over-year basis. As a group, analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 3.26%. The ex-dividend date was Monday, June 2nd. NextEra Energy's dividend payout ratio (DPR) is 85.02%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. BMO Capital Markets cut their target price on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Guggenheim reissued a "buy" rating and set a $89.00 price target on shares of NextEra Energy in a report on Thursday, March 20th. Erste Group Bank downgraded NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Barclays cut their target price on NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 29th. Finally, UBS Group dropped their target price on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a report on Friday, May 23rd. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, NextEra Energy has an average rating of "Moderate Buy" and an average price target of $84.55.

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.