Insigneo Advisory Services LLC Sells 8,435 Shares of NextEra Energy, Inc. (NYSE:NEE)

Insigneo Advisory Services LLC lowered its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 34.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,325 shares of the utilities provider's stock after selling 8,435 shares during the period. Insigneo Advisory Services LLC's holdings in NextEra Energy were worth $1,170,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Howard Capital Management Group LLC boosted its position in shares of NextEra Energy by 1.8% during the 3rd quarter. Howard Capital Management Group LLC now owns 299,215 shares of the utilities provider's stock valued at $25,293,000 after purchasing an additional 5,409 shares in the last quarter. SOA Wealth Advisors LLC. lifted its position in shares of NextEra Energy by 3.1% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 21,790 shares of the utilities provider's stock valued at $1,842,000 after acquiring an additional 656 shares during the last quarter. Wealthquest Corp boosted its stake in shares of NextEra Energy by 4.8% during the 3rd quarter. Wealthquest Corp now owns 9,829 shares of the utilities provider's stock worth $838,000 after acquiring an additional 446 shares in the last quarter. Tudor Financial Inc. acquired a new position in shares of NextEra Energy in the 3rd quarter worth $742,000. Finally, Anchor Investment Management LLC lifted its holdings in shares of NextEra Energy by 4.5% during the third quarter. Anchor Investment Management LLC now owns 52,178 shares of the utilities provider's stock valued at $4,411,000 after purchasing an additional 2,252 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on NEE shares. Erste Group Bank upgraded NextEra Energy to a "strong-buy" rating in a report on Wednesday. JPMorgan Chase & Co. raised their price objective on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 11th. BMO Capital Markets cut their target price on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Evercore ISI decreased their target price on NextEra Energy from $84.00 to $79.00 and set an "in-line" rating for the company in a research report on Monday, January 27th. Finally, Morgan Stanley reduced their price objective on NextEra Energy from $97.00 to $94.00 and set an "overweight" rating for the company in a research note on Wednesday. Eight research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $85.15.

Insider Buying and Selling at NextEra Energy

In related news, CAO James Michael May sold 2,383 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now owns 27,427 shares in the company, valued at $1,867,504.43. This trade represents a 7.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.18% of the company's stock.

NextEra Energy Stock Performance

NextEra Energy stock traded up $0.65 on Friday, reaching $66.29. 11,210,902 shares of the stock were exchanged, compared to its average volume of 10,793,549. The stock has a market cap of $136.47 billion, a PE ratio of 19.67, a PEG ratio of 2.45 and a beta of 0.58. The firm has a fifty day moving average price of $69.63 and a two-hundred day moving average price of $73.22. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month 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.

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

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were paid a dividend of $0.5665 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.27 dividend on an annualized basis and a yield of 3.42%. This is an increase from NextEra Energy's previous quarterly dividend of $0.52. NextEra Energy's payout ratio is currently 67.06%.

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.