Los Angeles Capital Management LLC Cuts Position in NextEra Energy, Inc. (NYSE:NEE)

Los Angeles Capital Management LLC cut its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 84.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 32,256 shares of the utilities provider's stock after selling 176,596 shares during the quarter. Los Angeles Capital Management LLC's holdings in NextEra Energy were worth $2,727,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of NEE. Intech Investment Management LLC boosted its stake in NextEra Energy by 35.7% in the first quarter. Intech Investment Management LLC now owns 100,308 shares of the utilities provider's stock valued at $6,411,000 after acquiring an additional 26,382 shares in the last quarter. Border to Coast Pensions Partnership Ltd lifted its position in NextEra Energy by 2.2% during the third quarter. Border to Coast Pensions Partnership Ltd now owns 1,216,077 shares of the utilities provider's stock valued at $102,495,000 after purchasing an additional 26,270 shares during the period. Ancora Advisors LLC lifted its position in NextEra Energy by 10.6% during the first quarter. Ancora Advisors LLC now owns 79,994 shares of the utilities provider's stock valued at $5,112,000 after purchasing an additional 7,677 shares during the period. Magnolia Capital Advisors LLC lifted its position in NextEra Energy by 1,224.3% during the second quarter. Magnolia Capital Advisors LLC now owns 72,453 shares of the utilities provider's stock valued at $5,130,000 after purchasing an additional 66,982 shares during the period. Finally, Raymond James & Associates lifted its position in NextEra Energy by 57.0% during the second quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider's stock valued at $421,831,000 after purchasing an additional 2,163,437 shares during the period. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Nicole J. Daggs sold 4,007 shares of the firm's stock in a transaction that occurred 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 sale, the executive vice president now directly owns 15,792 shares of the company's stock, valued at approximately $1,193,401.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is owned by corporate insiders.

NextEra Energy Price Performance

Shares of NEE traded down $0.02 during trading hours on Wednesday, reaching $74.24. The company had a trading volume of 11,987,438 shares, compared to its average volume of 10,929,067. The firm has a 50 day simple moving average of $81.84 and a 200-day simple moving average of $77.39. 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 has a market capitalization of $152.67 billion, a price-to-earnings ratio of 21.96, a PEG ratio of 2.68 and a beta of 0.57. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month 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 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $8.11 billion. During the same period last year, the firm posted $0.94 EPS. The firm's revenue for the quarter was up 5.5% on a year-over-year basis. Research analysts expect that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be paid a dividend of $0.515 per share. The ex-dividend date is Friday, November 22nd. This represents a $2.06 annualized dividend and a dividend yield of 2.77%. NextEra Energy's dividend payout ratio is currently 60.95%.

Analyst Upgrades and Downgrades

NEE has been the subject of a number of research reports. Wells Fargo & Company boosted their target price on shares of NextEra Energy from $95.00 to $102.00 and gave the company an "overweight" rating in a research report on Tuesday, September 3rd. Barclays lifted their price objective on shares of NextEra Energy from $80.00 to $82.00 and gave the company an "equal weight" rating in a report on Friday, October 25th. Jefferies Financial Group initiated coverage on shares of NextEra Energy in a report on Thursday, September 19th. They issued a "hold" rating and a $87.00 price objective for the company. Royal Bank of Canada cut shares of NextEra Energy from a "moderate buy" rating to a "hold" rating in a report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of NextEra Energy from $91.00 to $94.00 and gave the company an "overweight" rating in a report on Friday, August 2nd. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $86.54.

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.