NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. reduced its stake in NextEra Energy, Inc. (NYSE:NEE) by 3.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 256,204 shares of the utilities provider’s stock after selling 8,974 shares during the period. Dana Investment Advisors Inc.’s holdings in NextEra Energy were worth $18,142,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. KPP Advisory Services LLC acquired a new stake in NextEra Energy during the 2nd quarter worth $737,000. New Century Financial Group LLC purchased a new position in shares of NextEra Energy during the second quarter worth about $592,000. Orleans Capital Management Corp LA grew its holdings in shares of NextEra Energy by 0.9% during the second quarter. Orleans Capital Management Corp LA now owns 45,988 shares of the utilities provider’s stock worth $3,256,000 after purchasing an additional 400 shares during the last quarter. Cetera Investment Advisers increased its position in shares of NextEra Energy by 7.4% during the second quarter. Cetera Investment Advisers now owns 575,209 shares of the utilities provider’s stock worth $40,731,000 after purchasing an additional 39,522 shares in the last quarter. Finally, 3Chopt Investment Partners LLC purchased a new stake in shares of NextEra Energy in the 2nd quarter valued at about $394,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Activity

In related news, EVP Nicole J. Daggs sold 658 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total value of $50,646.26. Following the sale, the executive vice president now owns 100 shares in the company, valued at approximately $7,697. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.18% of the company’s stock.

NextEra Energy Stock Down 0.0 %

NextEra Energy stock opened at $84.52 on Tuesday. The stock’s 50 day moving average price is $79.85 and its 200 day moving average price is $73.57. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $85.56. The company has a market cap of $173.65 billion, a PE ratio of 23.03, a price-to-earnings-growth ratio of 3.08 and a beta of 0.56. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 EPS for the quarter, topping the consensus estimate of $0.93 by $0.03. The company had revenue of $6.07 billion for the quarter, compared to analyst estimates of $7.29 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. During the same period in the previous year, the firm earned $0.88 EPS. On average, sell-side analysts predict that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were issued a $0.515 dividend. The ex-dividend date was Friday, August 30th. This represents a $2.06 dividend on an annualized basis and a yield of 2.44%. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Wall Street Analysts Forecast Growth

NEE has been the topic of a number of research reports. Bank of America raised their target price on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Barclays raised their price objective on shares of NextEra Energy from $75.00 to $76.00 and gave the stock an “equal weight” rating in a research report on Friday, August 16th. Citigroup upped their target price on shares of NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, June 27th. Dbs Bank downgraded shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday. Finally, Morgan Stanley boosted their price target on NextEra Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, NextEra Energy presently has an average rating of “Moderate Buy” and a consensus price target of $82.07.

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.