Truist Financial Corp Sells 14,424 Shares of NextEra Energy, Inc. (NYSE:NEE)

Truist Financial Corp decreased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 1.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,238,007 shares of the utilities provider's stock after selling 14,424 shares during the quarter. Truist Financial Corp owned 0.06% of NextEra Energy worth $88,753,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Reston Wealth Management LLC bought a new position in NextEra Energy in the 3rd quarter valued at approximately $27,000. Burkett Financial Services LLC lifted its stake in shares of NextEra Energy by 1,229.6% in the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 332 shares during the last quarter. Sugar Maple Asset Management LLC bought a new stake in NextEra Energy during the 4th quarter worth $28,000. Quarry LP acquired a new position in NextEra Energy in the 3rd quarter worth about $33,000. Finally, Maryland Capital Advisors Inc. bought a new position in NextEra Energy in the third quarter valued at about $39,000. Institutional investors own 78.72% of the company's stock.

Insider Activity

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now owns 27,427 shares of the company's stock, valued at approximately $1,867,504.43. This trade represents 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. Company insiders own 0.18% of the company's stock.

NextEra Energy Trading Up 2.3 %

Shares of NextEra Energy stock traded up $1.60 on Friday, hitting $71.74. 16,739,967 shares of the company's stock traded hands, compared to its average volume of 11,463,395. The company has a fifty day moving average of $70.53 and a two-hundred day moving average of $76.56. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10. The company has a market capitalization of $147.56 billion, a price-to-earnings ratio of 21.29, a price-to-earnings-growth ratio of 2.41 and a beta of 0.58. 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 posted its quarterly 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 return on equity of 11.85% and a net margin of 28.06%. As a group, sell-side analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be paid 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 yield of 3.16%. The ex-dividend date is Friday, February 28th. NextEra Energy's payout ratio is 61.13%.

Analysts Set New Price Targets

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

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.