NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Allen Mooney & Barnes Investment Advisors LLC

Allen Mooney & Barnes Investment Advisors LLC lowered its position in NextEra Energy, Inc. (NYSE:NEE) by 1.7% in the fourth quarter, HoldingsChannel reports. The firm owned 10,756 shares of the utilities provider’s stock after selling 186 shares during the period. Allen Mooney & Barnes Investment Advisors LLC’s holdings in NextEra Energy were worth $771,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of NEE. International Assets Investment Management LLC increased its holdings in shares of NextEra Energy by 8,641.5% during the 3rd quarter. International Assets Investment Management LLC now owns 3,861,208 shares of the utilities provider’s stock worth $326,388,000 after buying an additional 3,817,037 shares during the last quarter. Assenagon Asset Management S.A. raised its position in NextEra Energy by 4,058.2% in the third quarter. Assenagon Asset Management S.A. now owns 2,366,795 shares of the utilities provider’s stock valued at $200,065,000 after purchasing an additional 2,309,876 shares during the period. Nordea Investment Management AB lifted its stake in shares of NextEra Energy by 20.9% in the 4th quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock valued at $634,703,000 after purchasing an additional 1,525,436 shares during the last quarter. National Bank of Canada FI increased its position in shares of NextEra Energy by 167.7% during the 3rd quarter. National Bank of Canada FI now owns 2,186,225 shares of the utilities provider’s stock worth $184,795,000 after purchasing an additional 1,369,689 shares during the last quarter. Finally, Raymond James & Associates raised its holdings in NextEra Energy by 14.3% in the 3rd quarter. Raymond James & Associates now owns 6,809,093 shares of the utilities provider’s stock valued at $575,573,000 after buying an additional 851,873 shares during the period. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Stock Up 1.5 %

Shares of NextEra Energy stock opened at $67.98 on Wednesday. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10. The company has a 50 day moving average of $73.79 and a 200 day moving average of $77.26. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $139.79 billion, a P/E ratio of 20.11, a P/E/G ratio of 2.66 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The firm had revenue of $7.57 billion during the quarter, compared to the consensus estimate of $8.11 billion. During the same quarter in the previous year, the firm posted $0.94 earnings per share. The company’s revenue was up 5.5% compared to the same quarter last year. As a group, research analysts forecast that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 22nd were issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend was Friday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is 60.95%.

Insider Buying and Selling at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $75.57, for a total transaction of $302,808.99. Following the sale, the executive vice president now directly owns 15,792 shares in the company, valued at $1,193,401.44. This trade represents a 20.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is currently owned by insiders.

Analysts Set New Price Targets

NEE has been the subject of several research analyst reports. Morgan Stanley lowered their target price on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. Guggenheim increased their price objective on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Barclays boosted their target price on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Scotiabank upped their price target on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Finally, BMO Capital Markets boosted their price objective on NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, NextEra Energy presently has a consensus rating of “Hold” and a consensus target price of $87.15.

About NextEra Energy

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.