NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Baillie Gifford & Co.

Baillie Gifford & Co. decreased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 5.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 318,798 shares of the utilities provider's stock after selling 18,437 shares during the quarter. Baillie Gifford & Co.'s holdings in NextEra Energy were worth $26,948,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of NEE. Tandem Capital Management Corp ADV increased its position in NextEra Energy by 1.3% during the 3rd quarter. Tandem Capital Management Corp ADV now owns 9,935 shares of the utilities provider's stock valued at $840,000 after buying an additional 125 shares in the last quarter. Insight Folios Inc grew its stake 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% during the third 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 in the last quarter. Osborne Partners Capital Management LLC raised its position in shares of 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% in 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 in the last quarter. Institutional investors own 78.72% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on NEE shares. Dbs Bank cut shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Friday, September 27th. Bank of America raised their target price on NextEra Energy from $77.00 to $81.00 and gave the stock a "neutral" rating in a research note on Thursday, August 29th. Guggenheim boosted their price target on NextEra Energy from $90.00 to $92.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Morgan Stanley lifted their target price on NextEra Energy from $87.00 to $90.00 and gave the stock an "overweight" rating in a report on Wednesday, September 25th. Finally, Barclays increased their price target on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an "equal weight" rating in a report on Friday, October 25th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, NextEra Energy currently has an average rating of "Hold" and a consensus target price of $86.54.

NextEra Energy Stock Performance

NEE traded down $0.02 on Wednesday, reaching $74.24. The stock had a trading volume of 12,084,994 shares, compared to its average volume of 10,929,067. The business's 50-day moving average price is $81.84 and its two-hundred day moving average price is $77.39. The company has a market cap of $152.67 billion, a P/E ratio of 21.96, a price-to-earnings-growth ratio of 2.68 and a beta of 0.57. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11.

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

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.515 per share. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.77%. NextEra Energy's dividend payout ratio (DPR) is 60.95%.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the company's 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 transaction, the executive vice president now directly owns 15,792 shares in the company, valued at approximately $1,193,401.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.18% of the stock is owned by corporate insiders.

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.