United Capital Financial Advisors LLC Sells 9,175 Shares of NextEra Energy, Inc. (NYSE:NEE)

United Capital Financial Advisors LLC lessened its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 7.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,217 shares of the utilities provider's stock after selling 9,175 shares during the quarter. United Capital Financial Advisors LLC's holdings in NextEra Energy were worth $8,475,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Burkett Financial Services LLC lifted its position in NextEra Energy by 1,229.6% in the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider's stock worth $26,000 after buying an additional 332 shares in the last quarter. Sugar Maple Asset Management LLC purchased a new stake in shares of NextEra Energy during the fourth quarter worth $28,000. WealthTrak Capital Management LLC purchased a new stake in shares of NextEra Energy during the fourth quarter worth $33,000. Luken Investment Analytics LLC purchased a new position in NextEra Energy in the fourth quarter valued at about $36,000. Finally, Midwest Capital Advisors LLC acquired a new position in NextEra Energy in the fourth quarter worth approximately $44,000. Institutional investors and hedge funds own 78.72% of the company's stock.

Insider Activity at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total value of $162,258.47. Following the completion of the transaction, the chief accounting officer now directly owns 27,427 shares of the company's stock, valued at approximately $1,867,504.43. The trade was a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.18% of the company's stock.

NextEra Energy Stock Performance

Shares of NEE traded up $0.65 on Friday, reaching $66.29. 11,210,902 shares of the stock traded hands, compared to its average volume of 10,804,052. The firm has a market cap of $136.47 billion, a price-to-earnings ratio of 19.67, a P/E/G ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10. The stock's 50-day moving average price is $69.63 and its 200-day moving average price is $73.30. 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 (NYSE:NEE - Get Free Report) last announced its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share (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%. Equities analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

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

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Erste Group Bank raised shares of NextEra Energy to a "strong-buy" rating in a research note on Wednesday. JPMorgan Chase & Co. boosted their price target on NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 11th. Guggenheim reissued a "buy" rating and issued a $89.00 price objective on shares of NextEra Energy in a research note on Thursday, March 20th. 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, Jefferies Financial Group dropped their price target on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Eight investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, NextEra Energy currently has a consensus rating of "Moderate Buy" and an average price target of $85.15.

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.