NextEra Energy, Inc. (NYSE:NEE) Shares Sold by First Foundation Advisors

First Foundation Advisors cut its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 6.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 96,767 shares of the utilities provider's stock after selling 6,853 shares during the period. First Foundation Advisors' holdings in NextEra Energy were worth $6,937,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Second Line Capital LLC lifted its position in shares of NextEra Energy by 4.7% during the 3rd quarter. Second Line Capital LLC now owns 3,097 shares of the utilities provider's stock worth $262,000 after purchasing an additional 139 shares during the last quarter. Accel Wealth Management lifted its holdings in NextEra Energy by 1.7% during the 4th quarter. Accel Wealth Management now owns 8,615 shares of the utilities provider's stock worth $618,000 after buying an additional 145 shares during the last quarter. L.M. Kohn & Company boosted its position in shares of NextEra Energy by 1.0% during the 4th quarter. L.M. Kohn & Company now owns 15,353 shares of the utilities provider's stock worth $1,101,000 after acquiring an additional 145 shares in the last quarter. 1ST Source Bank boosted its position in shares of NextEra Energy by 0.4% during the 3rd quarter. 1ST Source Bank now owns 34,178 shares of the utilities provider's stock worth $2,889,000 after acquiring an additional 147 shares in the last quarter. Finally, Tortoise Investment Management LLC raised its position in shares of NextEra Energy by 8.3% during the 4th quarter. Tortoise Investment Management LLC now owns 1,943 shares of the utilities provider's stock worth $139,000 after acquiring an additional 149 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

A number of brokerages recently issued reports on NEE. JPMorgan Chase & Co. upped their price target on NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a report on Tuesday, March 11th. Jefferies Financial Group dropped their target price on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Morgan Stanley lifted their price target on shares of NextEra Energy from $95.00 to $97.00 and gave the stock an "overweight" rating in a research note on Thursday, March 20th. BMO Capital Markets decreased their price objective on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a research note on Monday. Finally, Guggenheim reissued a "buy" rating and issued a $89.00 target price on shares of NextEra Energy in a report on Thursday, March 20th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $85.38.

Insiders Place Their Bets

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total transaction of $162,258.47. Following the sale, the chief accounting officer now directly owns 27,427 shares in the company, valued at approximately $1,867,504.43. The trade was a 7.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is currently owned by company insiders.

NextEra Energy Stock Performance

Shares of NEE stock traded up $1.83 during mid-day trading on Monday, hitting $67.64. The stock had a trading volume of 11,587,216 shares, compared to its average volume of 10,833,146. The firm has a market cap of $139.24 billion, a PE ratio of 20.07, a PEG ratio of 2.45 and a beta of 0.58. The company's 50-day simple moving average is $69.89 and its 200-day simple moving average is $73.78. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. NextEra Energy, Inc. has a fifty-two week low of $61.31 and a fifty-two week high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, meeting analysts' consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were issued a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date was Friday, February 28th. This is a positive change from NextEra Energy's previous quarterly dividend of $0.52. NextEra Energy's dividend payout ratio is currently 67.06%.

About NextEra Energy

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.