NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Capital Market Strategies LLC

Capital Market Strategies LLC reduced its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,633 shares of the utilities provider’s stock after selling 187 shares during the period. NextEra Energy makes up about 0.8% of Capital Market Strategies LLC’s holdings, making the stock its 26th largest position. Capital Market Strategies LLC’s holdings in NextEra Energy were worth $1,407,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in NEE. Semmax Financial Advisors Inc. boosted its position in NextEra Energy by 197.4% during the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 225 shares in the last quarter. Burkett Financial Services LLC raised its stake in shares of NextEra Energy by 1,229.6% during 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 during the last quarter. Reston Wealth Management LLC purchased a new stake in shares of NextEra Energy in the 3rd quarter worth about $27,000. Valley Wealth Managers Inc. acquired a new stake in NextEra Energy in the 2nd quarter valued at about $33,000. Finally, Quarry LP purchased a new position in NextEra Energy during the 3rd quarter valued at about $33,000. 78.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $1,193,401.44. This trade represents a 20.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

NEE has been the subject of several research reports. Barclays lifted their price objective on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Guggenheim boosted their price objective on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. BMO Capital Markets lifted their target price on shares of NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th. Morgan Stanley reduced their price target on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. Finally, Scotiabank raised their price objective on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, NextEra Energy presently has a consensus rating of “Hold” and an average target price of $87.15.

NextEra Energy Stock Down 0.3 %

Shares of NYSE NEE traded down $0.23 during midday trading on Monday, reaching $71.76. 3,063,620 shares of the company’s stock were exchanged, compared to its average volume of 4,307,170. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10. 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 stock has a market capitalization of $147.57 billion, a PE ratio of 21.23, a price-to-earnings-growth ratio of 2.66 and a beta of 0.56. The business’s fifty day moving average price is $75.19 and its two-hundred day moving average price is $77.43.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.98 by $0.05. The company had revenue of $7.57 billion during the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The business’s revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.94 earnings per share. Analysts forecast that NextEra Energy, Inc. will post 3.41 EPS for the current year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 22nd were issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date was Friday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is 60.95%.

NextEra Energy 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.