NextEra Energy, Inc. $NEE Shares Sold by Dakota Wealth Management

Dakota Wealth Management reduced its position in NextEra Energy, Inc. (NYSE:NEE) by 11.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 137,204 shares of the utilities provider’s stock after selling 18,576 shares during the quarter. Dakota Wealth Management’s holdings in NextEra Energy were worth $10,358,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in NextEra Energy by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 213,799,521 shares of the utilities provider’s stock worth $16,139,726,000 after purchasing an additional 922,500 shares during the period. Geode Capital Management LLC increased its stake in NextEra Energy by 1.2% in the second quarter. Geode Capital Management LLC now owns 45,724,229 shares of the utilities provider’s stock valued at $3,161,774,000 after purchasing an additional 526,996 shares during the period. Norges Bank purchased a new stake in shares of NextEra Energy in the second quarter valued at about $2,375,545,000. Charles Schwab Investment Management Inc. raised its holdings in shares of NextEra Energy by 2.1% in the second quarter. Charles Schwab Investment Management Inc. now owns 16,786,728 shares of the utilities provider’s stock valued at $1,165,896,000 after buying an additional 340,315 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of NextEra Energy by 2.6% during the second quarter. Legal & General Group Plc now owns 16,414,103 shares of the utilities provider’s stock worth $1,139,467,000 after buying an additional 408,198 shares during the period. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Charles E. Sieving sold 30,000 shares of NextEra Energy stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total value of $2,700,000.00. Following the transaction, the executive vice president directly owned 167,481 shares of the company’s stock, valued at $15,073,290. The trade was a 15.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Ronald R. Reagan sold 18,620 shares of the stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total transaction of $1,675,800.00. Following the sale, the executive vice president directly owned 9,643 shares of the company’s stock, valued at approximately $867,870. This trade represents a 65.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 159,049 shares of company stock valued at $14,194,542. Insiders own 0.18% of the company’s stock.

NextEra Energy Stock Up 2.0%

NextEra Energy stock opened at $94.03 on Tuesday. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $95.56. The firm has a market capitalization of $195.91 billion, a price-to-earnings ratio of 28.58, a price-to-earnings-growth ratio of 2.85 and a beta of 0.75. The stock’s fifty day moving average is $85.00 and its two-hundred day moving average is $81.16. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.60.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.01. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.The firm had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $7.07 billion. During the same period in the previous year, the firm posted $0.53 EPS. The company’s quarterly revenue was up 20.7% compared to the same quarter last year. Analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be issued a dividend of $0.6232 per share. This represents a $2.49 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, February 27th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.57. NextEra Energy’s payout ratio is currently 69.00%.

Analysts Set New Price Targets

Several research firms have commented on NEE. Wells Fargo & Company upped their price objective on NextEra Energy from $97.00 to $98.00 and gave the company an “overweight” rating in a research note on Tuesday, January 20th. Morgan Stanley reissued an “overweight” rating and issued a $106.00 target price on shares of NextEra Energy in a report on Friday. Wolfe Research increased their price target on NextEra Energy from $87.00 to $94.00 and gave the stock an “outperform” rating in a report on Monday, December 1st. Jefferies Financial Group set a $87.00 price objective on shares of NextEra Energy in a research note on Wednesday, January 14th. Finally, The Goldman Sachs Group upped their price objective on shares of NextEra Energy from $94.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $93.05.

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.