Advisors Asset Management Inc. Reduces Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Advisors Asset Management Inc. reduced its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 3.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 272,853 shares of the utilities provider's stock after selling 9,256 shares during the quarter. Advisors Asset Management Inc.'s holdings in NextEra Energy were worth $23,064,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Reston Wealth Management LLC bought a new stake in NextEra Energy in the 3rd quarter valued at about $27,000. Semmax Financial Advisors Inc. raised its position 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 valued at $26,000 after purchasing an additional 225 shares during the period. Proffitt & Goodson Inc. lifted its stake in shares of NextEra Energy by 64.0% during the 2nd quarter. Proffitt & Goodson Inc. now owns 369 shares of the utilities provider's stock valued at $26,000 after buying an additional 144 shares in the last quarter. Valley Wealth Managers Inc. bought a new position in NextEra Energy in the 2nd quarter worth approximately $33,000. Finally, Maryland Capital Advisors Inc. purchased a new position in NextEra Energy in the 3rd quarter valued at approximately $39,000. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Price Performance

NEE traded down $0.21 during midday trading on Wednesday, hitting $76.87. The stock had a trading volume of 7,065,097 shares, compared to its average volume of 10,913,441. NextEra Energy, Inc. has a 1 year low of $53.95 and a 1 year high of $86.10. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. The business has a fifty day moving average of $81.33 and a 200 day moving average of $77.65. The company has a market cap of $158.08 billion, a P/E ratio of 22.83, a price-to-earnings-growth ratio of 2.76 and a beta of 0.57.

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

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.68%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy's dividend payout ratio (DPR) is presently 60.95%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on NEE shares. Guggenheim raised their price target on NextEra Energy from $90.00 to $92.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Royal Bank of Canada downgraded NextEra Energy from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, October 22nd. Jefferies Financial Group assumed coverage on NextEra Energy in a research report on Thursday, September 19th. They set a "hold" rating and a $87.00 price target on the stock. Dbs Bank downgraded shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Friday, September 27th. Finally, BMO Capital Markets increased their price objective on NextEra Energy from $83.00 to $91.00 and gave the stock an "outperform" rating in a research report on Friday, October 18th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, NextEra Energy has an average rating of "Hold" and an average price target of $86.54.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the stock in a transaction on Tuesday, November 12th. The shares were 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 $1,193,401.44. This represents a 20.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.18% of the stock is currently owned by company 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.