NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Argent Capital Management LLC

Argent Capital Management LLC decreased its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 2.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 602,889 shares of the utilities provider's stock after selling 13,263 shares during the quarter. Argent Capital Management LLC's holdings in NextEra Energy were worth $43,221,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Tandem Capital Management Corp ADV increased its position in NextEra Energy by 1.3% during the third quarter. Tandem Capital Management Corp ADV now owns 9,935 shares of the utilities provider's stock worth $840,000 after buying an additional 125 shares during the period. Insight Folios Inc grew its position in shares of NextEra Energy by 1.5% during the third quarter. Insight Folios Inc now owns 8,439 shares of the utilities provider's stock worth $713,000 after acquiring an additional 126 shares during the last quarter. Taylor & Morgan Wealth Management LLC increased its holdings in shares of NextEra Energy by 1.7% in the 3rd quarter. Taylor & Morgan Wealth Management LLC now owns 7,744 shares of the utilities provider's stock valued at $655,000 after acquiring an additional 126 shares during the period. Osborne Partners Capital Management LLC raised its position in NextEra Energy by 1.2% in the 3rd quarter. Osborne Partners Capital Management LLC now owns 10,724 shares of the utilities provider's stock valued at $906,000 after purchasing an additional 128 shares during the last quarter. Finally, Boston Trust Walden Corp boosted its stake in NextEra Energy by 0.4% during the 3rd quarter. Boston Trust Walden Corp now owns 30,720 shares of the utilities provider's stock worth $2,597,000 after purchasing an additional 130 shares during the period. Hedge funds and other institutional investors own 78.72% of the company's stock.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy 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 sale, the executive vice president now directly owns 15,792 shares of the company's stock, valued at approximately $1,193,401.44. The trade was a 20.24 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

NextEra Energy Price Performance

Shares of NextEra Energy stock traded up $2.10 on Thursday, hitting $71.39. The company's stock had a trading volume of 10,916,217 shares, compared to its average volume of 10,170,949. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $146.81 billion, a P/E ratio of 21.12, a price-to-earnings-growth ratio of 2.26 and a beta of 0.58. The firm has a fifty day moving average price of $73.68 and a 200-day moving average price of $77.20. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.98 by $0.05. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The business had revenue of $7.57 billion during the quarter, compared to analysts' expectations of $8.11 billion. During the same period last year, the company posted $0.94 EPS. The company's revenue was up 5.5% on a year-over-year basis. On average, equities research analysts expect 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 was paid on Monday, December 16th. Investors of record on Friday, November 22nd were given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend was Friday, November 22nd. NextEra Energy's dividend payout ratio is presently 60.95%.

Wall Street Analyst Weigh In

A number of research firms have commented on NEE. Dbs Bank lowered shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 27th. Morgan Stanley reduced their price objective on NextEra Energy from $95.00 to $94.00 and set an "overweight" rating for the company in a research note on Friday, November 22nd. 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 initiated coverage on NextEra Energy in a research note on Thursday, September 19th. They set a "hold" rating and a $87.00 price target for the company. Finally, BMO Capital Markets lifted their price objective on shares of NextEra Energy from $83.00 to $91.00 and gave the company an "outperform" rating in a research report on Friday, October 18th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, NextEra Energy has an average rating of "Hold" and a consensus price target of $87.15.

About NextEra Energy

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.