Covea Finance Sells 20,187 Shares of NextEra Energy, Inc. (NYSE:NEE)

Covea Finance trimmed its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 15.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 106,675 shares of the utilities provider's stock after selling 20,187 shares during the period. Covea Finance's holdings in NextEra Energy were worth $7,648,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Semmax Financial Advisors Inc. raised its position in shares of NextEra Energy by 197.4% during the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider's stock worth $26,000 after acquiring an additional 225 shares during the last quarter. Burkett Financial Services LLC increased its position in NextEra Energy by 1,229.6% during the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 332 shares during the period. Reston Wealth Management LLC bought a new position in NextEra Energy during the 3rd quarter worth approximately $27,000. Quarry LP acquired a new position in shares of NextEra Energy in the 3rd quarter worth approximately $33,000. Finally, Maryland Capital Advisors Inc. bought a new stake in shares of NextEra Energy in the 3rd quarter valued at $39,000. 78.72% of the stock is owned by institutional investors.

Insider Activity

In other 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 value of $302,808.99. Following the completion of the sale, the executive vice president now owns 15,792 shares in the company, valued at $1,193,401.44. This represents a 20.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.18% of the company's stock.

NextEra Energy Stock Up 1.9 %

NYSE NEE traded up $1.27 during mid-day trading on Wednesday, hitting $69.25. The company's stock had a trading volume of 12,414,799 shares, compared to its average volume of 10,087,837. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. The company's 50 day simple moving average is $73.79 and its 200 day simple moving average is $77.26. NextEra Energy, Inc. has a twelve month low of $53.95 and a twelve month high of $86.10. The firm has a market capitalization of $142.41 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 2.66 and a beta of 0.58.

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 (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 firm 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 earned $0.94 earnings per share. The business's revenue was up 5.5% on a year-over-year basis. Analysts anticipate that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Scotiabank lifted their target price 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. Guggenheim lifted their price objective on NextEra Energy from $90.00 to $92.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Dbs Bank lowered NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 27th. Royal Bank of Canada cut NextEra Energy from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, October 22nd. Finally, BMO Capital Markets boosted their price target on NextEra Energy from $83.00 to $91.00 and gave the company an "outperform" rating in a research note on Friday, October 18th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, NextEra Energy currently 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.