NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Insigneo Advisory Services LLC

Insigneo Advisory Services LLC decreased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 34.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,325 shares of the utilities provider’s stock after selling 8,435 shares during the period. Insigneo Advisory Services LLC’s holdings in NextEra Energy were worth $1,170,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Norges Bank purchased a new stake in shares of NextEra Energy during the 4th quarter worth $3,484,197,000. Boston Partners acquired a new stake in shares of NextEra Energy during the 4th quarter worth about $244,169,000. Amundi lifted its stake in NextEra Energy by 49.8% during the fourth quarter. Amundi now owns 9,543,552 shares of the utilities provider’s stock worth $676,008,000 after purchasing an additional 3,172,405 shares during the last quarter. California Public Employees Retirement System lifted its position in shares of NextEra Energy by 46.7% during the 4th quarter. California Public Employees Retirement System now owns 7,910,346 shares of the utilities provider’s stock worth $567,093,000 after buying an additional 2,517,369 shares during the last quarter. Finally, Schroder Investment Management Group grew its position in shares of NextEra Energy by 44.9% in the 4th quarter. Schroder Investment Management Group now owns 8,064,781 shares of the utilities provider’s stock valued at $578,164,000 after buying an additional 2,499,011 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total value of $162,258.47. Following the transaction, the chief accounting officer now owns 27,427 shares in the company, valued at $1,867,504.43. This represents a 7.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on NEE shares. BMO Capital Markets decreased their target price on NextEra Energy from $84.00 to $77.00 and set an “outperform” rating for the company in a research report on Monday. Jefferies Financial Group cut their target price on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Morgan Stanley lowered their price objective on shares of NextEra Energy from $97.00 to $94.00 and set an “overweight” rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. increased their target price on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 11th. Finally, Evercore ISI reduced their price objective on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research note on Monday, January 27th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, NextEra Energy presently has a consensus rating of “Hold” and a consensus target price of $85.15.

NextEra Energy Stock Down 3.0 %

Shares of NextEra Energy stock opened at $65.64 on Thursday. The stock has a market capitalization of $135.13 billion, a price-to-earnings ratio of 19.48, a PEG ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The business’s 50 day simple moving average is $69.78 and its 200-day simple moving average is $73.56.

NextEra Energy (NYSE:NEE) last announced 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%. Equities research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were issued a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 3.45%. The ex-dividend date was Friday, February 28th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s payout ratio is presently 67.06%.

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.