NextEra Energy, Inc. (NYSE:NEE) Position Trimmed by Claro Advisors LLC

Claro Advisors LLC lessened its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 74.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,030 shares of the utilities provider's stock after selling 17,845 shares during the period. Claro Advisors LLC's holdings in NextEra Energy were worth $432,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Enterprise Bank & Trust Co lifted its stake in shares of NextEra Energy by 5.6% in the 4th quarter. Enterprise Bank & Trust Co now owns 23,511 shares of the utilities provider's stock worth $1,686,000 after acquiring an additional 1,239 shares during the period. Harbour Capital Advisors LLC raised its holdings in NextEra Energy by 28.9% during the fourth quarter. Harbour Capital Advisors LLC now owns 27,179 shares of the utilities provider's stock worth $1,957,000 after purchasing an additional 6,100 shares in the last quarter. Cooper Financial Group lifted its position in NextEra Energy by 1.0% in the fourth quarter. Cooper Financial Group now owns 16,196 shares of the utilities provider's stock valued at $1,161,000 after purchasing an additional 158 shares during the period. Wedmont Private Capital increased its position in NextEra Energy by 3.0% during the 4th quarter. Wedmont Private Capital now owns 15,159 shares of the utilities provider's stock worth $1,021,000 after purchasing an additional 437 shares during the period. Finally, Salem Investment Counselors Inc. raised its stake in shares of NextEra Energy by 1.9% during the 4th quarter. Salem Investment Counselors Inc. now owns 67,838 shares of the utilities provider's stock worth $4,863,000 after buying an additional 1,263 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Trading Up 1.9 %

Shares of NextEra Energy stock traded up $1.27 during trading hours on Wednesday, reaching $69.25. 12,414,799 shares of the company's stock were exchanged, compared to its average volume of 10,087,837. The company has a fifty day moving average of $73.79 and a 200-day moving average of $77.26. 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 $142.41 billion, a price-to-earnings ratio of 20.49, a price-to-earnings-growth ratio of 2.66 and a beta of 0.58. 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 posted its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, beating 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 company had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. During the same quarter in the prior year, the company posted $0.94 EPS. The company's quarterly revenue was up 5.5% compared to the same quarter last year. Sell-side analysts forecast that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 22nd were issued a $0.515 dividend. The ex-dividend date was Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.97%. NextEra Energy's dividend payout ratio (DPR) is presently 60.95%.

Insider Activity

In related news, EVP Nicole J. Daggs sold 4,007 shares of the business's stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction 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. The trade was a 20.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.18% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on NEE shares. Royal Bank of Canada cut NextEra Energy from a "moderate buy" rating to a "hold" rating in a report on Tuesday, October 22nd. 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 report on Friday, October 18th. Scotiabank upped their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a "sector outperform" rating in a research note on Thursday, December 12th. Barclays raised their price objective on shares of NextEra Energy from $80.00 to $82.00 and gave the company an "equal weight" rating in a research note on Friday, October 25th. Finally, Morgan Stanley decreased their price objective on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a report on Friday, November 22nd. Eight equities research 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, the stock presently has an average rating of "Hold" and an average target price 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.