NextEra Energy, Inc. $NEE Shares Sold by Associated Banc Corp

Associated Banc Corp lowered its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 188,289 shares of the utilities provider’s stock after selling 4,628 shares during the quarter. Associated Banc Corp’s holdings in NextEra Energy were worth $13,071,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC grew its position in shares of NextEra Energy by 7.0% during the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock worth $2,028,000 after buying an additional 1,840 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in NextEra Energy by 6.5% in the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock worth $348,000 after acquiring an additional 298 shares during the last quarter. TCW Group Inc. grew its holdings in NextEra Energy by 1.1% during the 1st quarter. TCW Group Inc. now owns 117,101 shares of the utilities provider’s stock worth $8,301,000 after acquiring an additional 1,253 shares in the last quarter. Sheaff Brock Investment Advisors LLC grew its holdings in NextEra Energy by 13.0% during the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 13,718 shares of the utilities provider’s stock worth $972,000 after acquiring an additional 1,575 shares in the last quarter. Finally, Baldwin Investment Management LLC increased its position in shares of NextEra Energy by 2.2% in the 1st quarter. Baldwin Investment Management LLC now owns 36,226 shares of the utilities provider’s stock valued at $2,568,000 after purchasing an additional 788 shares during the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at NextEra Energy

In other news, EVP Mark Lemasney sold 846 shares of the stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $74.90, for a total transaction of $63,365.40. Following the completion of the sale, the executive vice president owned 9,267 shares in the company, valued at approximately $694,098.30. This represents a 8.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael Dunne sold 10,000 shares of the business’s stock in a transaction dated Monday, September 8th. The shares were sold at an average price of $70.79, for a total value of $707,900.00. Following the completion of the transaction, the executive vice president owned 62,064 shares in the company, valued at $4,393,510.56. This trade represents a 13.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 168,168 shares of company stock valued at $13,917,670 over the last ninety days. 0.20% of the stock is currently owned by corporate insiders.

NextEra Energy Trading Up 1.1%

NYSE:NEE opened at $84.41 on Tuesday. The company has a market capitalization of $175.79 billion, a PE ratio of 26.88, a P/E/G ratio of 2.76 and a beta of 0.69. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $87.53. The stock’s 50 day moving average price is $81.13 and its 200 day moving average price is $75.44. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.30.

NextEra Energy (NYSE:NEE) last announced its earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.09. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The business had revenue of $7.97 billion for the quarter, compared to analyst estimates of $8.13 billion. During the same period last year, the firm posted $1.03 earnings per share. The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. On average, research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 21st will be issued a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, November 21st. NextEra Energy’s dividend payout ratio is presently 71.97%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on NEE shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of NextEra Energy in a research report on Monday, November 17th. Melius initiated coverage on NextEra Energy in a research note on Wednesday, August 20th. They issued a “buy” rating and a $77.00 price target on the stock. Cowen assumed coverage on NextEra Energy in a report on Wednesday, October 15th. They set a “buy” rating for the company. Jefferies Financial Group reiterated a “hold” rating and issued a $85.00 price objective (up previously from $77.00) on shares of NextEra Energy in a report on Tuesday, October 14th. Finally, Argus set a $90.00 target price on NextEra Energy in a research report on Wednesday, October 29th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, NextEra Energy has a consensus rating of “Moderate Buy” and an average target price of $90.63.

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.