NextEra Energy, Inc. $NEE Shares Sold by Astoria Portfolio Advisors LLC.

Astoria Portfolio Advisors LLC. decreased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 62.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,912 shares of the utilities provider’s stock after selling 10,031 shares during the quarter. Astoria Portfolio Advisors LLC.’s holdings in NextEra Energy were worth $446,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in NEE. Daymark Wealth Partners LLC boosted its stake in shares of NextEra Energy by 6.5% during the second quarter. Daymark Wealth Partners LLC now owns 45,015 shares of the utilities provider’s stock worth $3,125,000 after buying an additional 2,767 shares during the period. Avity Investment Management Inc. increased its position in NextEra Energy by 1.7% in the 2nd quarter. Avity Investment Management Inc. now owns 506,515 shares of the utilities provider’s stock valued at $35,162,000 after acquiring an additional 8,565 shares during the period. Dillon & Associates Inc. raised its stake in NextEra Energy by 8.4% during the 2nd quarter. Dillon & Associates Inc. now owns 68,246 shares of the utilities provider’s stock valued at $4,709,000 after acquiring an additional 5,261 shares during the last quarter. Soltis Investment Advisors LLC raised its stake in NextEra Energy by 171.1% during the 2nd quarter. Soltis Investment Advisors LLC now owns 12,114 shares of the utilities provider’s stock valued at $841,000 after acquiring an additional 7,645 shares during the last quarter. Finally, Integrity Alliance LLC. lifted its position in NextEra Energy by 41.8% during the 1st quarter. Integrity Alliance LLC. now owns 25,092 shares of the utilities provider’s stock worth $1,779,000 after acquiring an additional 7,401 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Activity at NextEra Energy

In related news, EVP Charles E. Sieving sold 11,336 shares of NextEra Energy stock in a transaction dated Friday, October 3rd. The stock was sold at an average price of $80.00, for a total transaction of $906,880.00. Following the completion of the sale, the executive vice president owned 167,481 shares in the company, valued at approximately $13,398,480. This trade represents a 6.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Armando Pimentel, Jr. sold 145,140 shares of the company’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $83.91, for a total transaction of $12,178,697.40. Following the completion of the transaction, the chief executive officer owned 162,693 shares in the company, valued at approximately $13,651,569.63. This trade represents a 47.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 157,322 shares of company stock valued at $13,148,943 over the last quarter. Insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Jefferies Financial Group reissued a “hold” rating and issued a $85.00 target price (up previously from $77.00) on shares of NextEra Energy in a report on Tuesday, October 14th. HSBC lifted their price objective on shares of NextEra Energy from $94.00 to $95.00 in a research report on Monday, November 10th. TD Cowen started coverage on shares of NextEra Energy in a research report on Thursday, October 16th. They set a “buy” rating and a $98.00 price objective for the company. BTIG Research reaffirmed a “buy” rating and issued a $100.00 target price on shares of NextEra Energy in a report on Tuesday, December 9th. Finally, Wolfe Research boosted their price target on shares of NextEra Energy from $87.00 to $94.00 and gave the stock an “outperform” rating in a research note on Monday, December 1st. Three analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, NextEra Energy has an average rating of “Moderate Buy” and a consensus target price of $91.56.

NextEra Energy Stock Down 1.6%

Shares of NYSE NEE opened at $79.58 on Friday. The firm’s 50-day moving average is $83.43 and its two-hundred day moving average is $76.96. The company has a market capitalization of $165.73 billion, a PE ratio of 25.34, a price-to-earnings-growth ratio of 2.71 and a beta of 0.74. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $87.53. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.55 and a quick ratio of 0.45.

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

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 21st were paid a dividend of $0.5665 per share. The ex-dividend date of this dividend was Friday, November 21st. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.8%. NextEra Energy’s dividend payout ratio (DPR) is presently 72.29%.

NextEra Energy Profile

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.