Montgomery Investment Management Inc. Sells 4,900 Shares of NextEra Energy, Inc. (NYSE:NEE)

Montgomery Investment Management Inc. cut its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 15.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,860 shares of the utilities provider's stock after selling 4,900 shares during the quarter. Montgomery Investment Management Inc.'s holdings in NextEra Energy were worth $1,975,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in NEE. Brighton Jones LLC increased its holdings in shares of NextEra Energy by 7.0% in the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock valued at $2,028,000 after acquiring an additional 1,840 shares during the last quarter. Revolve Wealth Partners LLC grew its stake in NextEra Energy by 6.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider's stock worth $348,000 after buying an additional 298 shares during the last quarter. Summit Global Investments bought a new position in NextEra Energy during the 4th quarter worth $223,000. Ashton Thomas Securities LLC grew its stake in NextEra Energy by 5.8% during the 4th quarter. Ashton Thomas Securities LLC now owns 8,789 shares of the utilities provider's stock worth $634,000 after buying an additional 480 shares during the last quarter. Finally, TIAA Trust National Association grew its stake in NextEra Energy by 1.9% during the 4th quarter. TIAA Trust National Association now owns 125,034 shares of the utilities provider's stock worth $8,964,000 after buying an additional 2,296 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Treasurer James Michael May sold 2,177 shares of the company's stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $77.50, for a total transaction of $168,717.50. Following the completion of the sale, the treasurer owned 27,662 shares in the company, valued at approximately $2,143,805. This represents a 7.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Charles E. Sieving sold 23,684 shares of the company's stock in a transaction dated 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 sale, the executive vice president owned 196,817 shares of the company's stock, valued at approximately $13,777,190. This trade represents a 10.74% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Wells Fargo & Company lowered their price objective on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. BMO Capital Markets boosted their price target on NextEra Energy from $77.00 to $81.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. HSBC reduced their price target on NextEra Energy from $88.00 to $86.00 and set a "buy" rating for the company in a research report on Friday, July 11th. JPMorgan Chase & Co. reduced their price target on NextEra Energy from $86.00 to $82.00 in a research report on Thursday, July 3rd. Finally, Erste Group Bank lowered NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 8th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $84.42.

NextEra Energy Stock Down 0.7%

NEE stock traded down $0.51 during mid-day trading on Monday, hitting $71.34. The stock had a trading volume of 8,155,948 shares, compared to its average volume of 12,270,016. The company has a current ratio of 0.54, a quick ratio of 0.45 and a debt-to-equity ratio of 1.36. NextEra Energy, Inc. has a 1-year low of $61.72 and a 1-year high of $86.10. The company has a fifty day moving average of $72.23 and a 200 day moving average of $70.43. The stock has a market capitalization of $146.91 billion, a price-to-earnings ratio of 24.94, a PEG ratio of 2.48 and a beta of 0.67.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The utilities provider reported $1.05 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.04. NextEra Energy had a return on equity of 12.31% and a net margin of 22.84%. The company had revenue of $6.70 billion for the quarter, compared to analyst estimates of $7.52 billion. During the same period in the prior year, the firm posted $0.96 EPS. The business's revenue was up 10.4% compared to the same quarter last year. On average, equities analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Thursday, August 28th will be paid a dividend of $0.5665 per share. The ex-dividend date of this dividend is Thursday, August 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.18%. NextEra Energy's dividend payout ratio (DPR) is presently 79.37%.

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.