Cardinal Capital Management Inc. Sells 2,540 Shares of NextEra Energy, Inc. (NYSE:NEE)

Cardinal Capital Management Inc. lessened its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 430,416 shares of the utilities provider’s stock after selling 2,540 shares during the period. Cardinal Capital Management Inc.’s holdings in NextEra Energy were worth $30,857,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Semmax Financial Advisors Inc. increased its stake in shares of NextEra Energy by 197.4% in the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 225 shares in the last quarter. Burkett Financial Services LLC grew its position in shares of NextEra Energy by 1,229.6% in the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 332 shares in the last quarter. Reston Wealth Management LLC purchased a new stake in NextEra Energy during the 3rd quarter worth about $27,000. Sugar Maple Asset Management LLC purchased a new position in NextEra Energy during the 4th quarter valued at about $28,000. Finally, Quarry LP bought a new stake in shares of NextEra Energy during the third quarter valued at about $33,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. BMO Capital Markets upped their target price on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Morgan Stanley lowered their price objective on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a research report on Friday, November 22nd. Scotiabank upped their target price on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Guggenheim lifted their target price on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, Barclays lifted their price target on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $87.15.

Insider Activity at NextEra Energy

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

NextEra Energy Stock Performance

Shares of NextEra Energy stock opened at $68.47 on Thursday. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. The business has a fifty day simple moving average of $73.21 and a two-hundred day simple moving average of $77.17. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10. The firm has a market capitalization of $140.81 billion, a P/E ratio of 20.26, a P/E/G ratio of 2.38 and a beta of 0.58.

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

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.