B. Riley Wealth Advisors Inc. Sells 11,667 Shares of NextEra Energy, Inc. (NYSE:NEE)

B. Riley Wealth Advisors Inc. reduced its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 14.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 70,344 shares of the utilities provider's stock after selling 11,667 shares during the period. B. Riley Wealth Advisors Inc.'s holdings in NextEra Energy were worth $5,043,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in NEE. Empowered Funds LLC raised its holdings in shares of NextEra Energy by 14.7% in the 4th quarter. Empowered Funds LLC now owns 45,566 shares of the utilities provider's stock worth $3,267,000 after purchasing an additional 5,831 shares in the last quarter. Empower Advisory Group LLC raised its holdings in shares of NextEra Energy by 2.3% during the fourth quarter. Empower Advisory Group LLC now owns 1,823,327 shares of the utilities provider's stock valued at $130,714,000 after acquiring an additional 41,328 shares during the period. Brentview Investment Management LLC acquired a new stake in shares of NextEra Energy during the fourth quarter valued at approximately $3,761,000. Clarendon Private LLC acquired a new stake in shares of NextEra Energy during the fourth quarter valued at approximately $646,000. Finally, Fortress Financial Solutions LLC acquired a new stake in shares of NextEra Energy during the fourth quarter valued at approximately $315,000. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Price Performance

NEE traded down $0.82 during midday trading on Wednesday, hitting $67.22. The company had a trading volume of 7,832,693 shares, compared to its average volume of 11,134,193. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The company has a market capitalization of $138.38 billion, a PE ratio of 19.95, a P/E/G ratio of 2.45 and a beta of 0.69. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10. The firm's 50-day simple moving average is $68.38 and its 200-day simple moving average is $70.89.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, meeting the consensus estimate of $0.99. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The firm had revenue of $6.25 billion during the quarter, compared to analysts' expectations of $6.58 billion. During the same quarter last year, the company posted $0.91 EPS. The company's quarterly revenue was up 9.0% compared to the same quarter last year. Equities research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be paid a $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 3.37%. The ex-dividend date of this dividend is Monday, June 2nd. NextEra Energy's payout ratio is 84.64%.

Wall Street Analysts Forecast Growth

NEE has been the topic of a number of research analyst reports. UBS Group lowered their price objective on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a research report on Friday, May 23rd. BMO Capital Markets lowered their price objective on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. JPMorgan Chase & Co. boosted their price objective on shares of NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research report on Tuesday, March 11th. Guggenheim reissued a "buy" rating and issued a $89.00 target price on shares of NextEra Energy in a research report on Thursday, March 20th. Finally, Wells Fargo & Company decreased their target price on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Eight equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, NextEra Energy presently has a consensus rating of "Moderate Buy" and an average target price of $83.50.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $70.00, for a total value of $1,657,880.00. Following the transaction, the executive vice president now owns 196,817 shares of the company's stock, valued at approximately $13,777,190. This represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.20% 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.