NextEra Energy, Inc. (NYSE:NEE) Shares Sold by American Trust

American Trust lessened its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 17.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 44,315 shares of the utilities provider's stock after selling 9,200 shares during the period. American Trust's holdings in NextEra Energy were worth $3,746,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Geode Capital Management LLC raised its position in shares of 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 worth $3,571,650,000 after acquiring an additional 820,704 shares in the last quarter. Legal & General Group Plc raised its position in shares of NextEra Energy by 0.7% during the 2nd quarter. Legal & General Group Plc now owns 21,298,642 shares of the utilities provider's stock worth $1,508,155,000 after acquiring an additional 143,748 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in NextEra Energy by 0.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 13,284,785 shares of the utilities provider's stock worth $1,122,963,000 after buying an additional 86,758 shares during the period. Massachusetts Financial Services Co. MA increased its position in NextEra Energy by 5.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,630,775 shares of the utilities provider's stock worth $729,559,000 after buying an additional 452,590 shares during the period. Finally, Raymond James & Associates increased its position in NextEra Energy by 14.3% during the third quarter. Raymond James & Associates now owns 6,809,093 shares of the utilities provider's stock worth $575,573,000 after buying an additional 851,873 shares during the period. Institutional investors and hedge funds own 78.72% of the company's stock.

Wall Street Analysts Forecast Growth

NEE has been the topic of several research analyst reports. Wells Fargo & Company lifted their price target on NextEra Energy from $95.00 to $102.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 3rd. Guggenheim lifted their price target on NextEra Energy from $90.00 to $92.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Bank of America lifted their target price on NextEra Energy from $77.00 to $81.00 and gave the company a "neutral" rating in a research note on Thursday, August 29th. Royal Bank of Canada downgraded NextEra Energy from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, October 22nd. Finally, Jefferies Financial Group started coverage on NextEra Energy in a research note on Thursday, September 19th. They issued a "hold" rating and a $87.00 target price on the stock. 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, NextEra Energy presently has a consensus rating of "Hold" and a consensus price target of $87.15.

Insider Transactions at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of the business's stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the completion of the transaction, the executive vice president now directly owns 15,792 shares of the company's stock, valued at $1,193,401.44. The trade was a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.18% of the company's stock.

NextEra Energy Price Performance

NEE traded up $0.40 during trading on Friday, reaching $73.62. 7,670,186 shares of the stock were exchanged, compared to its average volume of 10,796,225. The business's 50 day moving average price is $78.61 and its two-hundred day moving average price is $77.76. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33. The company has a market capitalization of $151.39 billion, a price-to-earnings ratio of 21.66, a P/E/G ratio of 2.67 and a beta of 0.56. NextEra Energy, Inc. has a 1 year low of $53.95 and a 1 year high of $86.10.

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

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be issued a $0.515 dividend. The ex-dividend date is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.80%. NextEra Energy's dividend payout ratio (DPR) is 60.95%.

NextEra Energy 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.