NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE reduced its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 10.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 280,935 shares of the utilities provider's stock after selling 32,166 shares during the quarter. Congress Wealth Management LLC DE's holdings in NextEra Energy were worth $20,140,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of NextEra Energy by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 205,297,225 shares of the utilities provider's stock valued at $14,717,758,000 after buying an additional 2,090,538 shares during the last quarter. Geode Capital Management LLC grew its stake in NextEra Energy by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 42,418,748 shares of the utilities provider's stock valued at $3,571,650,000 after purchasing an additional 820,704 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of NextEra Energy by 4.2% in the fourth quarter. Bank of New York Mellon Corp now owns 14,523,786 shares of the utilities provider's stock valued at $1,041,210,000 after purchasing an additional 588,038 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of NextEra Energy by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,630,784 shares of the utilities provider's stock worth $977,191,000 after purchasing an additional 345,999 shares during the last quarter. Finally, Amundi lifted its holdings in shares of NextEra Energy by 49.8% during the fourth quarter. Amundi now owns 9,543,552 shares of the utilities provider's stock worth $676,008,000 after purchasing an additional 3,172,405 shares during the period. Hedge funds and other institutional investors own 78.72% of the company's stock.

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Insiders Place Their Bets

In other news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total transaction of $162,258.47. Following the transaction, the chief accounting officer now owns 27,427 shares in the company, valued at $1,867,504.43. The trade was a 7.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. BMO Capital Markets increased their price target on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Morgan Stanley raised their target price on shares of NextEra Energy from $95.00 to $97.00 and gave the stock an "overweight" rating in a report on Thursday, March 20th. Guggenheim reaffirmed a "buy" rating and issued a $89.00 price target on shares of NextEra Energy in a report on Thursday, March 20th. Jefferies Financial Group cut their price target on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Finally, Evercore ISI lowered their price objective on NextEra Energy from $84.00 to $79.00 and set an "in-line" rating on the stock in a research report on Monday, January 27th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $85.92.

NextEra Energy Price Performance

NEE stock traded up $0.41 during midday trading on Friday, reaching $70.44. The stock had a trading volume of 7,846,146 shares, compared to its average volume of 10,646,249. NextEra Energy, Inc. has a 52-week low of $61.31 and a 52-week high of $86.10. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The company's fifty day simple moving average is $70.67 and its 200 day simple moving average is $75.19. The company has a market cap of $144.90 billion, a price-to-earnings ratio of 20.90, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were given a dividend of $0.5665 per share. This is an increase from NextEra Energy's previous quarterly dividend of $0.52. The ex-dividend date was Friday, February 28th. This represents a $2.27 dividend on an annualized basis and a yield of 3.22%. NextEra Energy's dividend payout ratio (DPR) is presently 67.06%.

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.