NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Heritage Wealth Management Inc.

Heritage Wealth Management Inc. lessened its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 27.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,680 shares of the utilities provider's stock after selling 5,275 shares during the period. Heritage Wealth Management Inc.'s holdings in NextEra Energy were worth $970,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Tortoise Investment Management LLC grew its stake in NextEra Energy by 8.3% in the fourth quarter. Tortoise Investment Management LLC now owns 1,943 shares of the utilities provider's stock valued at $139,000 after purchasing an additional 149 shares during the last quarter. Cim LLC grew its stake in NextEra Energy by 0.5% in the fourth quarter. Cim LLC now owns 33,434 shares of the utilities provider's stock valued at $2,397,000 after purchasing an additional 158 shares during the last quarter. Conning Inc. grew its stake in NextEra Energy by 1.1% in the first quarter. Conning Inc. now owns 14,089 shares of the utilities provider's stock valued at $999,000 after purchasing an additional 160 shares during the last quarter. Wealth Dimensions Group Ltd. grew its stake in NextEra Energy by 4.3% in the fourth quarter. Wealth Dimensions Group Ltd. now owns 3,877 shares of the utilities provider's stock valued at $278,000 after purchasing an additional 161 shares during the last quarter. Finally, Premier Path Wealth Partners LLC grew its stake in NextEra Energy by 0.7% in the first quarter. Premier Path Wealth Partners LLC now owns 22,445 shares of the utilities provider's stock valued at $1,591,000 after purchasing an additional 166 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company's stock.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the business's stock in a transaction that occurred on 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 completion of the transaction, the executive vice president directly owned 196,817 shares of the company's stock, valued at approximately $13,777,190. The trade was a 10.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.20% of the company's stock.

Analysts Set New Price Targets

NEE has been the topic of several analyst reports. Guggenheim reiterated a "buy" rating and issued a $89.00 target price on shares of NextEra Energy in a research note on Thursday, March 20th. Barclays raised their price target on NextEra Energy from $65.00 to $67.00 and gave the stock an "equal weight" rating in a report on Thursday. BMO Capital Markets lowered their price target on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a report on Monday, April 14th. UBS Group lowered their price target on NextEra Energy from $94.00 to $84.00 and set a "buy" rating for the company in a report on Friday, May 23rd. Finally, Wells Fargo & Company lowered their price target on NextEra Energy from $102.00 to $97.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $84.73.

NextEra Energy Stock Performance

Shares of NextEra Energy stock traded up $1.02 on Thursday, reaching $74.67. 6,954,720 shares of the stock were exchanged, compared to its average volume of 11,112,179. The company has a quick ratio of 0.45, a current ratio of 0.55 and a debt-to-equity ratio of 1.32. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10. The firm has a market capitalization of $153.73 billion, a price-to-earnings ratio of 27.97, a PEG ratio of 2.55 and a beta of 0.67. The business has a 50 day moving average price of $71.03 and a two-hundred day moving average price of $70.21.

NextEra Energy (NYSE:NEE - Get Free Report) last released its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, hitting analysts' consensus estimates of $0.99. NextEra Energy had a return on equity of 12.06% and a net margin of 21.81%. The firm had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.58 billion. During the same quarter in the previous year, the company posted $0.91 earnings per share. The company's revenue was up 9.0% compared to the same quarter last year. Analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend was Monday, June 2nd. NextEra Energy's payout ratio is presently 85.02%.

NextEra Energy Profile

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.