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

Capital Market Strategies LLC lowered its holdings in NextEra Energy, Inc. (NYSE:NEE) by 0.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,633 shares of the utilities provider’s stock after selling 187 shares during the quarter. NextEra Energy accounts for 0.8% of Capital Market Strategies LLC’s holdings, making the stock its 26th largest holding. Capital Market Strategies LLC’s holdings in NextEra Energy were worth $1,407,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Reston Wealth Management LLC acquired a new position in NextEra Energy in the 3rd quarter valued at about $27,000. Semmax Financial Advisors Inc. increased its stake in NextEra Energy by 197.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock worth $26,000 after buying an additional 225 shares during the period. Burkett Financial Services LLC lifted its holdings in 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 in the last quarter. Quarry LP purchased a new position in NextEra Energy in the 3rd quarter valued at approximately $33,000. Finally, Valley Wealth Managers Inc. purchased a new stake in shares of NextEra Energy during the second quarter worth $33,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Performance

NYSE:NEE traded down $0.23 during mid-day trading on Monday, reaching $71.76. 3,063,620 shares of the stock were exchanged, compared to its average volume of 4,307,170. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. NextEra Energy, Inc. has a 1 year low of $53.95 and a 1 year high of $86.10. The company has a 50 day simple moving average of $75.19 and a 200-day simple moving average of $77.43. The stock has a market capitalization of $147.57 billion, a P/E ratio of 21.23, a P/E/G ratio of 2.66 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.05. The business had revenue of $7.57 billion for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the company posted $0.94 EPS. Analysts anticipate that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 22nd were paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 2.87%. The ex-dividend date was Friday, November 22nd. NextEra Energy’s dividend payout ratio is presently 60.95%.

Insiders Place Their Bets

In other news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total value of $302,808.99. Following the sale, the executive vice president now owns 15,792 shares of the company’s stock, valued at $1,193,401.44. The trade was a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.18% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Morgan Stanley lowered their target price on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. Dbs Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Scotiabank raised their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Guggenheim boosted their price target on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, Jefferies Financial Group began coverage on shares of NextEra Energy in a research report on Thursday, September 19th. They issued a “hold” rating and a $87.00 price objective on the stock. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, NextEra Energy presently has an average rating of “Hold” and a consensus target price of $87.15.

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.