NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Huber Capital Management LLC

Huber Capital Management LLC cut its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 28,601 shares of the utilities provider’s stock after selling 1,000 shares during the period. Huber Capital Management LLC’s holdings in NextEra Energy were worth $2,025,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. M&G Plc purchased a new stake in shares of NextEra Energy during the 1st quarter worth about $303,065,000. Zimmer Partners LP grew its stake in NextEra Energy by 8,447.5% during the first quarter. Zimmer Partners LP now owns 2,735,200 shares of the utilities provider’s stock worth $174,807,000 after buying an additional 2,703,200 shares during the period. State of Michigan Retirement System increased its position in shares of NextEra Energy by 400.7% in the first quarter. State of Michigan Retirement System now owns 2,812,198 shares of the utilities provider’s stock worth $179,728,000 after acquiring an additional 2,250,500 shares in the last quarter. Raymond James & Associates increased its position in shares of NextEra Energy by 57.0% in the second quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider’s stock worth $421,831,000 after acquiring an additional 2,163,437 shares in the last quarter. Finally, Capital World Investors purchased a new position in shares of NextEra Energy in the 4th quarter valued at $114,953,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Trading Up 0.6 %

Shares of NYSE:NEE opened at $82.76 on Friday. NextEra Energy, Inc. has a 12-month low of $47.15 and a 12-month high of $85.56. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $170.03 billion, a P/E ratio of 22.55, a price-to-earnings-growth ratio of 3.03 and a beta of 0.56. The firm has a fifty day moving average of $78.33 and a two-hundred day moving average of $72.22.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The firm had revenue of $6.07 billion during the quarter, compared to analysts’ expectations of $7.29 billion. During the same quarter last year, the firm earned $0.88 earnings per share. On average, equities analysts expect that NextEra Energy, Inc. will post 3.39 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend was Friday, August 30th. NextEra Energy’s payout ratio is presently 56.13%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on NEE shares. Bank of America increased their price target on NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a report on Thursday, August 29th. Scotiabank increased their price target on NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a report on Tuesday, August 20th. Evercore ISI raised their price objective on shares of NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a report on Wednesday, June 12th. Mizuho downgraded NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price target for the company. in a report on Wednesday, June 12th. Finally, Royal Bank of Canada increased their price objective on shares of NextEra Energy from $74.00 to $84.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 12th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.87.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total value of $50,646.26. Following the completion of the sale, the executive vice president now directly owns 100 shares of the company’s stock, valued at $7,697. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

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.