NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Arete Wealth Advisors LLC

Arete Wealth Advisors LLC lowered its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 82.4% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,511 shares of the utilities provider's stock after selling 11,794 shares during the quarter. Arete Wealth Advisors LLC's holdings in NextEra Energy were worth $212,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC increased its position in shares of NextEra Energy by 8,641.5% during the third quarter. International Assets Investment Management LLC now owns 3,861,208 shares of the utilities provider's stock worth $326,388,000 after purchasing an additional 3,817,037 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of NextEra Energy by 4,058.2% in the third quarter. Assenagon Asset Management S.A. now owns 2,366,795 shares of the utilities provider's stock worth $200,065,000 after buying an additional 2,309,876 shares during the last quarter. LGT Group Foundation grew its holdings in NextEra Energy by 962.8% during the second quarter. LGT Group Foundation now owns 1,514,482 shares of the utilities provider's stock worth $107,240,000 after acquiring an additional 1,371,982 shares during the period. National Bank of Canada FI raised its position in NextEra Energy by 167.7% during the third quarter. National Bank of Canada FI now owns 2,186,225 shares of the utilities provider's stock valued at $184,795,000 after acquiring an additional 1,369,689 shares in the last quarter. Finally, Senator Investment Group LP lifted its holdings in NextEra Energy by 5,094.5% in the second quarter. Senator Investment Group LP now owns 1,019,629 shares of the utilities provider's stock valued at $72,200,000 after acquiring an additional 1,000,000 shares during the period. Hedge funds and other institutional investors own 78.72% of the company's stock.

NextEra Energy Trading Up 0.5 %

Shares of NEE stock traded up $0.40 during trading on Friday, hitting $73.62. 7,671,173 shares of the stock traded hands, compared to its average volume of 10,796,225. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10. The firm has a market capitalization of $151.39 billion, a P/E ratio of 21.78, a price-to-earnings-growth ratio of 2.67 and a beta of 0.56. The firm's fifty day moving average price is $78.41 and its 200-day moving average price is $77.74. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33.

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

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be given a dividend of $0.515 per share. The ex-dividend date is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.80%. NextEra Energy's payout ratio is currently 60.95%.

Insider Activity at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of the firm's stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the completion of the transaction, the executive vice president now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.18% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on NEE shares. 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 report on Thursday, October 24th. Barclays lifted their price objective on shares of NextEra Energy from $80.00 to $82.00 and gave the company an "equal weight" rating in a report on Friday, October 25th. BMO Capital Markets raised their target price on NextEra Energy from $83.00 to $91.00 and gave the company an "outperform" rating in a research report on Friday, October 18th. Scotiabank lifted their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the company a "sector outperform" rating in a research note on Thursday. Finally, Jefferies Financial Group began coverage on shares of NextEra Energy in a research note on Thursday, September 19th. They set a "hold" rating and a $87.00 target price on the stock. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $87.15.

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.