NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Hudson Valley Investment Advisors Inc. ADV

Hudson Valley Investment Advisors Inc. ADV lessened its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 45.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,354 shares of the utilities provider’s stock after selling 4,405 shares during the quarter. Hudson Valley Investment Advisors Inc. ADV’s holdings in NextEra Energy were worth $384,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NEE. Semmax Financial Advisors Inc. grew its position in NextEra Energy by 197.4% in the second quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 225 shares in the last quarter. Burkett Financial Services LLC grew its position in NextEra Energy by 1,229.6% in the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 332 shares in the last quarter. Reston Wealth Management LLC acquired a new stake in NextEra Energy in the third quarter valued at approximately $27,000. Valley Wealth Managers Inc. acquired a new stake in NextEra Energy in the second quarter valued at approximately $33,000. Finally, Quarry LP acquired a new stake in NextEra Energy in the third quarter valued at approximately $33,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on NEE shares. BMO Capital Markets increased their price objective on shares of NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Dbs Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 27th. Royal Bank of Canada downgraded shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Barclays raised their price target on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Finally, Scotiabank raised their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $87.15.

Insider Buying and Selling

In related news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the transaction, the executive vice president now owns 15,792 shares of the company’s stock, valued at approximately $1,193,401.44. This trade represents a 20.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is owned by corporate insiders.

NextEra Energy Stock Performance

NEE stock opened at $67.39 on Friday. NextEra Energy, Inc. has a 1 year low of $53.95 and a 1 year high of $86.10. The stock’s fifty day moving average is $74.23 and its two-hundred day moving average is $77.27. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. The stock has a market capitalization of $138.58 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 2.66 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share for the quarter, beating 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 business had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. During the same period in the previous year, the business earned $0.94 earnings per share. The company’s revenue was up 5.5% on a year-over-year basis. On average, research analysts predict that NextEra Energy, Inc. will post 3.41 EPS for the current year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 22nd were issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date of this dividend was Friday, November 22nd. NextEra Energy’s payout ratio is currently 60.95%.

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.