SageView Advisory Group LLC Sells 8,177 Shares of NextEra Energy, Inc. (NYSE:NEE)

SageView Advisory Group LLC trimmed its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 28.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,136 shares of the utilities provider's stock after selling 8,177 shares during the period. SageView Advisory Group LLC's holdings in NextEra Energy were worth $1,702,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Tandem Capital Management Corp ADV boosted its holdings in NextEra Energy by 1.3% during the 3rd quarter. Tandem Capital Management Corp ADV now owns 9,935 shares of the utilities provider's stock worth $840,000 after acquiring an additional 125 shares during the last quarter. Insight Folios Inc boosted its holdings in shares of NextEra Energy by 1.5% in the 3rd quarter. Insight Folios Inc now owns 8,439 shares of the utilities provider's stock worth $713,000 after buying an additional 126 shares during the last quarter. Taylor & Morgan Wealth Management LLC boosted its holdings in shares of NextEra Energy by 1.7% in the 3rd quarter. Taylor & Morgan Wealth Management LLC now owns 7,744 shares of the utilities provider's stock worth $655,000 after buying an additional 126 shares during the last quarter. Osborne Partners Capital Management LLC boosted its holdings in shares of NextEra Energy by 1.2% in the 3rd quarter. Osborne Partners Capital Management LLC now owns 10,724 shares of the utilities provider's stock worth $906,000 after buying an additional 128 shares during the last quarter. Finally, Boston Trust Walden Corp boosted its holdings in shares of NextEra Energy by 0.4% in the 3rd quarter. Boston Trust Walden Corp now owns 30,720 shares of the utilities provider's stock worth $2,597,000 after buying an additional 130 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Price Performance

Shares of NEE traded down $0.96 during midday trading on Friday, hitting $75.24. 7,079,144 shares of the company traded hands, compared to its average volume of 10,855,455. The stock has a 50-day moving average of $79.68 and a 200-day moving average of $77.83. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10. The firm has a market cap of $154.72 billion, a P/E ratio of 22.26, a PEG ratio of 2.76 and a beta of 0.56. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly 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 return on equity of 11.94% and a net margin of 26.49%. The firm had revenue of $7.57 billion for the quarter, compared to analysts' expectations of $8.11 billion. During the same period in the prior year, the business posted $0.94 earnings per share. The company's revenue was up 5.5% on a year-over-year basis. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 2.74%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy's dividend payout ratio is presently 60.95%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on NEE shares. Scotiabank boosted their price target on shares of NextEra Energy from $73.00 to $92.00 and gave the stock a "sector outperform" rating in a report on Tuesday, August 20th. Bank of America boosted their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a "neutral" rating in a report on Thursday, August 29th. Wells Fargo & Company boosted their price target on shares of NextEra Energy from $95.00 to $102.00 and gave the stock an "overweight" rating in a report on Tuesday, September 3rd. Guggenheim boosted their price objective on NextEra Energy from $90.00 to $92.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Finally, Dbs Bank cut NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 27th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $86.85.

Insider Activity

In related news, EVP Nicole J. Daggs sold 4,007 shares of the company'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 transaction, the executive vice president now directly owns 15,792 shares in the company, valued at approximately $1,193,401.44. This represents a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.18% of the company's stock.

NextEra Energy Company 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.