NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Wealth Alliance

Wealth Alliance lessened its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 12.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,673 shares of the utilities provider's stock after selling 4,988 shares during the period. Wealth Alliance's holdings in NextEra Energy were worth $2,486,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Burkett Financial Services LLC raised its stake in shares of NextEra Energy by 1,229.6% during the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider's stock worth $26,000 after purchasing an additional 332 shares during the last quarter. Reston Wealth Management LLC acquired a new position in NextEra Energy in the 3rd quarter valued at $27,000. Sugar Maple Asset Management LLC acquired a new position in NextEra Energy in the 4th quarter valued at $28,000. Quarry LP purchased a new position in NextEra Energy during the 3rd quarter worth $33,000. Finally, Luken Investment Analytics LLC acquired a new stake in shares of NextEra Energy in the 4th quarter worth $36,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Barclays boosted their price target on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an "equal weight" rating in a research note on Friday, October 25th. Evercore ISI dropped their target price on NextEra Energy from $84.00 to $79.00 and set an "in-line" rating on the stock in a research report on Monday, January 27th. JPMorgan Chase & Co. reduced their price target on NextEra Energy from $99.00 to $90.00 in a report on Monday, January 27th. Jefferies Financial Group decreased their price target on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Finally, Morgan Stanley increased their price objective on NextEra Energy from $93.00 to $94.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $85.85.

NextEra Energy Price Performance

Shares of NYSE:NEE traded up $1.57 during midday trading on Friday, hitting $71.71. 6,206,431 shares of the stock were exchanged, compared to its average volume of 11,129,839. NextEra Energy, Inc. has a twelve month low of $53.95 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. The company has a 50 day moving average price of $70.56 and a 200-day moving average price of $76.59. The stock has a market cap of $147.52 billion, a P/E ratio of 21.29, a PEG ratio of 2.41 and a beta of 0.58.

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

NextEra Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be paid a $0.5665 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.27 dividend on an annualized basis and a yield of 3.16%. This is a positive change from NextEra Energy's previous quarterly dividend of $0.52. NextEra Energy's dividend payout ratio is presently 61.13%.

Insider Buying and Selling at NextEra Energy

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

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.