NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Second Half Financial Partners LLC

Second Half Financial Partners LLC decreased its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 33.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,128 shares of the utilities provider's stock after selling 17,744 shares during the quarter. NextEra Energy makes up 1.6% of Second Half Financial Partners LLC's holdings, making the stock its 24th largest position. Second Half Financial Partners LLC's holdings in NextEra Energy were worth $2,969,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. Tandem Capital Management Corp ADV boosted its holdings in NextEra Energy by 1.3% in the 3rd quarter. Tandem Capital Management Corp ADV now owns 9,935 shares of the utilities provider's stock valued at $840,000 after purchasing an additional 125 shares in the last quarter. Insight Folios Inc raised its stake in shares of NextEra Energy by 1.5% during 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 in the last quarter. Taylor & Morgan Wealth Management LLC lifted 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 valued at $655,000 after buying an additional 126 shares during the period. Osborne Partners Capital Management LLC boosted its stake in shares of NextEra Energy by 1.2% in the third quarter. Osborne Partners Capital Management LLC now owns 10,724 shares of the utilities provider's stock valued at $906,000 after buying an additional 128 shares in the last quarter. Finally, Boston Trust Walden Corp grew its holdings in NextEra Energy by 0.4% during the third quarter. Boston Trust Walden Corp now owns 30,720 shares of the utilities provider's stock worth $2,597,000 after acquiring an additional 130 shares during the period. Hedge funds and other institutional investors own 78.72% of the company's stock.

NextEra Energy Price Performance

NEE stock traded up $0.69 during trading on Tuesday, hitting $77.08. The stock had a trading volume of 7,942,173 shares, compared to its average volume of 10,930,620. The stock has a market cap of $158.51 billion, a price-to-earnings ratio of 22.60, a price-to-earnings-growth ratio of 2.76 and a beta of 0.57. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. The company's 50 day moving average price is $81.43 and its two-hundred day moving average price is $77.60. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.05. The business had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $8.11 billion. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The company's quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.94 earnings per share. On average, sell-side analysts forecast that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend is Friday, November 22nd. NextEra Energy's dividend payout ratio is currently 60.95%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on NEE. Barclays boosted their target price on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an "equal weight" rating in a research report on Friday, October 25th. Wells Fargo & Company boosted their price objective 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. Scotiabank increased their target price on shares of NextEra Energy from $73.00 to $92.00 and gave the company a "sector outperform" rating in a report on Tuesday, August 20th. Dbs Bank lowered NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 27th. Finally, Guggenheim raised 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. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, NextEra Energy has an average rating of "Hold" and a consensus target price of $86.54.

Insider Activity at NextEra Energy

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 transaction of $302,808.99. Following the completion of the transaction, the executive vice president now owns 15,792 shares of the company's stock, valued at approximately $1,193,401.44. This represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.18% of the company's stock.

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.