NextEra Energy, Inc. $NEE Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. lessened its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 7.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 99,452 shares of the utilities provider’s stock after selling 8,179 shares during the quarter. Securian Asset Management Inc.’s holdings in NextEra Energy were worth $7,508,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Sax Wealth Advisors LLC grew its position in shares of NextEra Energy by 0.6% during the third quarter. Sax Wealth Advisors LLC now owns 19,380 shares of the utilities provider’s stock worth $1,463,000 after buying an additional 118 shares in the last quarter. apricus wealth LLC grew its holdings in NextEra Energy by 3.8% during the 3rd quarter. apricus wealth LLC now owns 3,272 shares of the utilities provider’s stock worth $247,000 after acquiring an additional 120 shares in the last quarter. Princeton Global Asset Management LLC increased its position in shares of NextEra Energy by 0.3% in the 3rd quarter. Princeton Global Asset Management LLC now owns 48,300 shares of the utilities provider’s stock worth $3,646,000 after purchasing an additional 134 shares during the last quarter. Arkfeld Wealth Strategies L.L.C. raised its stake in shares of NextEra Energy by 0.9% in the 2nd quarter. Arkfeld Wealth Strategies L.L.C. now owns 15,249 shares of the utilities provider’s stock valued at $1,140,000 after purchasing an additional 136 shares in the last quarter. Finally, Veltria Advisors Corp. raised its stake in shares of NextEra Energy by 4.8% in the 2nd quarter. Veltria Advisors Corp. now owns 3,024 shares of the utilities provider’s stock valued at $210,000 after purchasing an additional 139 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Stock Down 0.3%

Shares of NextEra Energy stock opened at $81.04 on Wednesday. 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, Inc. has a 1-year low of $61.72 and a 1-year high of $87.53. The business’s fifty day moving average price is $82.47 and its two-hundred day moving average price is $77.72. The company has a market capitalization of $168.77 billion, a P/E ratio of 25.81, a PEG ratio of 2.52 and a beta of 0.74.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.09. The business had revenue of $7.97 billion for the quarter, compared to analysts’ expectations of $8.13 billion. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The company’s revenue was up 5.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.03 earnings per share. As a group, research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

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

Analysts Set New Price Targets

Several analysts recently weighed in on NEE shares. TD Cowen started coverage on NextEra Energy in a report on Thursday, October 16th. They issued a “buy” rating and a $98.00 price objective for the company. New Street Research set a $84.00 price target on NextEra Energy in a report on Monday, October 13th. Barclays set a $88.00 price target on NextEra Energy and gave the company an “equal weight” rating in a research report on Wednesday, October 29th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of NextEra Energy in a report on Monday, December 29th. Finally, BTIG Research reissued a “buy” rating and set a $100.00 target price on shares of NextEra Energy in a report on Tuesday, December 9th. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $91.72.

Insider Activity at NextEra Energy

In related news, CEO Armando Pimentel, Jr. sold 145,140 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer owned 162,693 shares in the company, valued at $13,651,569.63. This trade represents a 47.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is owned by corporate insiders.

NextEra Energy Company 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.