Truist Financial Corp Lowers Stock Position in NextEra Energy, Inc. (NYSE:NEE)

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

Several other hedge funds also recently bought and sold shares of NEE. Brighton Jones LLC boosted its stake in shares of NextEra Energy by 7.0% in the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock valued at $2,028,000 after purchasing an additional 1,840 shares during the period. Revolve Wealth Partners LLC increased its stake in NextEra Energy by 6.5% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider's stock worth $348,000 after buying an additional 298 shares during the period. Proficio Capital Partners LLC increased its stake in NextEra Energy by 88.0% during the 4th quarter. Proficio Capital Partners LLC now owns 13,199 shares of the utilities provider's stock worth $946,000 after buying an additional 6,177 shares during the period. Inceptionr LLC increased its stake in NextEra Energy by 36.4% during the 4th quarter. Inceptionr LLC now owns 7,772 shares of the utilities provider's stock worth $557,000 after buying an additional 2,076 shares during the period. Finally, E Fund Management Co. Ltd. increased its stake in NextEra Energy by 26.2% during the 4th quarter. E Fund Management Co. Ltd. now owns 4,987 shares of the utilities provider's stock worth $358,000 after buying an additional 1,036 shares during the period. Hedge funds and other institutional investors own 78.72% of the company's stock.

NextEra Energy Stock Down 3.6%

NYSE:NEE traded down $2.66 during mid-day trading on Tuesday, hitting $72.09. The stock had a trading volume of 10,906,636 shares, compared to its average volume of 12,502,645. The stock has a 50-day simple moving average of $70.79 and a two-hundred day simple moving average of $70.17. The company has a market capitalization of $148.41 billion, a PE ratio of 27.00, a PEG ratio of 2.60 and a beta of 0.67. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month high of $86.10. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.32.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its 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 firm had revenue of $6.25 billion for the quarter, compared to analysts' expectations of $6.58 billion. During the same quarter last year, the company earned $0.91 earnings per share. The firm's revenue was up 9.0% compared to the same quarter last year. On average, equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.5665 per share. The ex-dividend date was Monday, June 2nd. This represents a $2.27 dividend on an annualized basis and a yield of 3.14%. NextEra Energy's payout ratio is currently 84.64%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on NEE shares. Morgan Stanley cut their target price on shares of NextEra Energy from $95.00 to $94.00 and set an "overweight" rating on the stock in a research note on Wednesday, June 18th. Erste Group Bank downgraded NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Guggenheim restated a "buy" rating and set a $89.00 price target on shares of NextEra Energy in a report on Thursday, March 20th. BMO Capital Markets cut their price target on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Finally, 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 report on Friday, May 23rd. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, NextEra Energy presently has an average rating of "Moderate Buy" and an average price target of $84.55.

Insiders Place Their Bets

In other news, EVP Charles E. Sieving sold 23,684 shares of the firm'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 transaction of $1,657,880.00. Following the transaction, the executive vice president directly owned 196,817 shares in the company, valued at approximately $13,777,190. This trade represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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.