NextEra Energy, Inc. $NEE Shares Sold by Wealthfront Advisers LLC

Wealthfront Advisers LLC lessened its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 11.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 187,425 shares of the utilities provider’s stock after selling 24,567 shares during the period. Wealthfront Advisers LLC’s holdings in NextEra Energy were worth $13,011,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in NEE. Vanguard Group Inc. increased its position in NextEra Energy by 1.0% during the first quarter. Vanguard Group Inc. now owns 207,322,418 shares of the utilities provider’s stock worth $14,697,086,000 after buying an additional 2,025,193 shares during the period. Northern Trust Corp increased its position in NextEra Energy by 1.1% during the first quarter. Northern Trust Corp now owns 23,353,245 shares of the utilities provider’s stock worth $1,655,512,000 after buying an additional 262,819 shares during the period. Goldman Sachs Group Inc. increased its position in NextEra Energy by 6.7% during the first quarter. Goldman Sachs Group Inc. now owns 21,269,146 shares of the utilities provider’s stock worth $1,507,770,000 after buying an additional 1,336,259 shares during the period. GQG Partners LLC increased its position in NextEra Energy by 58.4% during the first quarter. GQG Partners LLC now owns 17,236,502 shares of the utilities provider’s stock worth $1,221,896,000 after buying an additional 6,352,798 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of NextEra Energy by 20.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 16,446,413 shares of the utilities provider’s stock valued at $1,165,748,000 after purchasing an additional 2,815,629 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Transactions at NextEra Energy

In related news, EVP Charles E. Sieving sold 11,336 shares of the company’s stock in a transaction on Friday, October 3rd. The stock was sold at an average price of $80.00, for a total value of $906,880.00. Following the completion of the transaction, the executive vice president directly owned 167,481 shares in the company, valued at approximately $13,398,480. This represents a 6.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Mark Lemasney sold 846 shares of the company’s stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $74.90, for a total value of $63,365.40. Following the completion of the transaction, the executive vice president owned 9,267 shares of the company’s stock, valued at $694,098.30. The trade was a 8.37% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,028 shares of company stock valued at $1,738,973 over the last three months. 0.18% of the stock is currently owned by insiders.

NextEra Energy Stock Performance

Shares of NEE stock opened at $84.42 on Monday. The stock has a fifty day moving average price of $76.64 and a 200 day moving average price of $72.88. The stock has a market cap of $173.85 billion, a PE ratio of 29.52, a P/E/G ratio of 2.85 and a beta of 0.66. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.74. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.45 and a current ratio of 0.54.

NextEra Energy Announces Dividend

The business also recently declared 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 payout ratio is 79.37%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on NEE. Morgan Stanley reiterated an “overweight” rating and issued a $95.00 target price (down from $96.00) on shares of NextEra Energy in a research note on Thursday, September 25th. Weiss Ratings reiterated a “hold (c+)” rating on shares of NextEra Energy in a research note on Tuesday, October 14th. Cowen began coverage on NextEra Energy in a research note on Wednesday, October 15th. They issued a “buy” rating on the stock. Evercore ISI set a $92.00 target price on NextEra Energy and gave the company an “outperform” rating in a research note on Monday, October 6th. Finally, HSBC lowered their target price on NextEra Energy from $88.00 to $86.00 and set a “buy” rating on the stock in a research note on Friday, July 11th. Three research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.38.

NextEra Energy Company Profile

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.