Conning Inc. trimmed its position in NextEra Energy, Inc. (NYSE:NEE) by 0.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,493 shares of the utilities provider’s stock after selling 110 shares during the quarter. Conning Inc.’s holdings in NextEra Energy were worth $1,891,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Genesee Valley Trust Co. grew its position in NextEra Energy by 0.3% in the first quarter. Genesee Valley Trust Co. now owns 3,133 shares of the utilities provider’s stock worth $402,000 after acquiring an additional 10 shares in the last quarter. Day & Ennis LLC grew its position in NextEra Energy by 0.6% in the first quarter. Day & Ennis LLC now owns 2,174 shares of the utilities provider’s stock worth $279,000 after acquiring an additional 14 shares in the last quarter. Paragon Capital Management LLC grew its position in NextEra Energy by 0.3% in the first quarter. Paragon Capital Management LLC now owns 5,349 shares of the utilities provider’s stock worth $686,000 after acquiring an additional 15 shares in the last quarter. Farmers & Merchants Investments Inc. grew its position in NextEra Energy by 0.3% in the second quarter. Farmers & Merchants Investments Inc. now owns 4,745 shares of the utilities provider’s stock worth $665,000 after acquiring an additional 15 shares in the last quarter. Finally, Comerica Securities Inc. grew its position in NextEra Energy by 1.3% in the first quarter. Comerica Securities Inc. now owns 1,890 shares of the utilities provider’s stock worth $243,000 after acquiring an additional 25 shares in the last quarter. 75.41% of the stock is currently owned by hedge funds and other institutional investors.

In related news, EVP Charles E. Sieving sold 30,485 shares of the stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of $146.56, for a total transaction of $4,467,881.60. Following the completion of the transaction, the executive vice president now owns 78,167 shares of the company’s stock, valued at approximately $11,456,155.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John W. Ketchum sold 2,900 shares of the stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $150.00, for a total transaction of $435,000.00. Following the transaction, the executive vice president now directly owns 18,786 shares of the company’s stock, valued at approximately $2,817,900. The disclosure for this sale can be found here. Insiders have sold a total of 63,385 shares of company stock valued at $9,314,382 in the last ninety days. 0.53% of the stock is currently owned by corporate insiders.

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Shares of NextEra Energy, Inc. (NYSE:NEE) opened at 146.55 on Friday. NextEra Energy, Inc. has a one year low of $110.49 and a one year high of $151.60. The stock has a market cap of $68.77 billion, a price-to-earnings ratio of 16.79 and a beta of 0.33. The company has a 50 day moving average price of $148.97 and a 200-day moving average price of $139.72.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.76 by $0.10. The firm had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $4.44 billion. NextEra Energy had a net margin of 24.26% and a return on equity of 11.88%. The firm’s quarterly revenue was up 15.4% on a year-over-year basis. During the same quarter last year, the company posted $1.67 EPS. Equities analysts predict that NextEra Energy, Inc. will post $6.73 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, August 25th were given a dividend of $0.9825 per share. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $3.93 dividend on an annualized basis and a dividend yield of 2.68%. NextEra Energy’s payout ratio is currently 45.02%.

NEE has been the subject of several recent research reports. KeyCorp reiterated a “buy” rating and issued a $155.00 price target on shares of NextEra Energy in a research report on Friday, September 1st. Morgan Stanley lifted their price target on NextEra Energy from $167.00 to $169.00 and gave the stock an “overweight” rating in a research report on Friday, September 8th. Goldman Sachs Group, Inc. (The) initiated coverage on NextEra Energy in a research report on Monday, July 24th. They issued a “buy” rating and a $160.00 price target for the company. J P Morgan Chase & Co initiated coverage on NextEra Energy in a research report on Thursday, September 7th. They issued an “overweight” rating and a $173.00 price target for the company. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $156.00 price target (up previously from $144.00) on shares of NextEra Energy in a research report on Friday, June 23rd. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $151.33.

About NextEra Energy

NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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