United Capital Financial Advisers LLC reduced its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 6.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,205 shares of the utilities provider’s stock after selling 2,059 shares during the period. United Capital Financial Advisers LLC’s holdings in NextEra Energy were worth $4,006,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in NEE. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its stake in shares of NextEra Energy by 8.9% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 871 shares of the utilities provider’s stock worth $112,000 after buying an additional 71 shares during the last quarter. Baystate Wealth Management LLC raised its stake in shares of NextEra Energy by 49.4% in the first quarter. Baystate Wealth Management LLC now owns 1,333 shares of the utilities provider’s stock worth $174,000 after buying an additional 441 shares during the last quarter. Ruggie Capital Group purchased a new stake in shares of NextEra Energy during the first quarter worth approximately $191,000. Oarsman Capital Inc. purchased a new stake in shares of NextEra Energy during the first quarter worth approximately $200,000. Finally, Appleton Group LLC purchased a new stake in shares of NextEra Energy during the first quarter worth approximately $202,000. 76.84% of the stock is currently owned by institutional investors and hedge funds.

Shares of NextEra Energy, Inc. (NYSE:NEE) traded up 0.53% during trading on Friday, hitting $150.10. The stock had a trading volume of 1,259,107 shares. The firm has a 50-day moving average price of $145.70 and a 200 day moving average price of $137.05. NextEra Energy, Inc. has a 52 week low of $110.49 and a 52 week high of $151.19. The company has a market capitalization of $70.43 billion, a PE ratio of 17.19 and a beta of 0.32.

NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.76 by $0.10. NextEra Energy had a return on equity of 11.88% and a net margin of 24.26%. The business had revenue of $4.40 billion during the quarter, compared to analyst estimates of $4.44 billion. During the same quarter in the previous year, the business earned $1.67 earnings per share. The company’s revenue for the quarter was up 15.4% compared to the same quarter last year. Equities analysts anticipate that NextEra Energy, Inc. will post $6.72 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be given a dividend of $0.9825 per share. The ex-dividend date is Wednesday, August 23rd. This represents a $3.93 annualized dividend and a dividend yield of 2.62%. NextEra Energy’s dividend payout ratio (DPR) is presently 45.02%.

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A number of analysts have recently commented on the company. BidaskClub raised NextEra Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 8th. Morgan Stanley lifted their price target on NextEra Energy from $163.00 to $167.00 and gave the company an “overweight” rating in a research note on Thursday, August 10th. Zacks Investment Research lowered NextEra Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Royal Bank Of Canada reissued an “outperform” rating and set a $147.00 price target (up from $144.00) on shares of NextEra Energy in a research note on Sunday, July 9th. Finally, Wells Fargo & Company reissued an “outperform” rating and set a $158.00 price target (up from $150.00) on shares of NextEra Energy in a research note on Monday, June 19th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. NextEra Energy has a consensus rating of “Buy” and a consensus target price of $148.64.

In other NextEra Energy news, Director Eric E. Silagy sold 8,111 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $140.58, for a total transaction of $1,140,244.38. Following the completion of the transaction, the director now owns 26,884 shares in the company, valued at $3,779,352.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James L. Robo sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $147.05, for a total value of $4,411,500.00. The disclosure for this sale can be found here. 0.53% of the stock is owned by insiders.

About NextEra Energy

NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.

Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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