NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Truist Financial Corp

Truist Financial Corp cut its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 3.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,197,706 shares of the utilities provider's stock after selling 40,301 shares during the period. Truist Financial Corp owned 0.06% of NextEra Energy worth $84,905,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Bellwether Advisors LLC acquired a new stake in shares of NextEra Energy during the fourth quarter worth about $30,000. WealthTrak Capital Management LLC acquired a new position in shares of NextEra Energy in the 4th quarter valued at $33,000. Copia Wealth Management acquired a new position in NextEra Energy during the 4th quarter worth about $36,000. Graney & King LLC acquired a new position in NextEra Energy during the 4th quarter worth about $46,000. Finally, Mascoma Wealth Management LLC raised its position in NextEra Energy by 41.3% in the 4th quarter. Mascoma Wealth Management LLC now owns 643 shares of the utilities provider's stock valued at $46,000 after purchasing an additional 188 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. raised their price target on NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 11th. 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 research report on Monday, April 14th. UBS Group cut their price target on NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a research note on Friday, May 23rd. Guggenheim reissued a "buy" rating and issued a $89.00 price objective on shares of NextEra Energy in a report on Thursday, March 20th. Finally, Erste Group Bank lowered NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, NextEra Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of $84.55.

Insider Activity at NextEra Energy

In other news, EVP Charles E. Sieving sold 23,684 shares of the company's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $70.00, for a total value of $1,657,880.00. Following the completion of the sale, the executive vice president owned 196,817 shares of the company's stock, valued at approximately $13,777,190. This represents a 10.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.18% of the company's stock.

NextEra Energy Trading Up 1.8%

Shares of NextEra Energy stock traded up $1.32 on Wednesday, hitting $73.78. The stock had a trading volume of 5,662,733 shares, compared to its average volume of 11,108,932. The stock's 50-day simple moving average is $70.90 and its two-hundred day simple moving average is $70.19. The stock has a market cap of $151.89 billion, a price-to-earnings ratio of 27.63, a PEG ratio of 2.63 and a beta of 0.67. 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 one year low of $61.72 and a one year high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings results 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 21.81% and a return on equity of 12.06%. The company had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.58 billion. During the same quarter last year, the firm earned $0.91 earnings per share. The firm's quarterly revenue was up 9.0% compared to the same quarter last year. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a dividend of $0.5665 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.07%. NextEra Energy's dividend 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.