NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Itau Unibanco Holding S.A.

Itau Unibanco Holding S.A. reduced its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 7.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 91,748 shares of the utilities provider's stock after selling 7,446 shares during the period. Itau Unibanco Holding S.A.'s holdings in NextEra Energy were worth $6,566,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of NEE. Burkett Financial Services LLC increased its stake in NextEra Energy by 1,229.6% in the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider's stock worth $26,000 after acquiring an additional 332 shares during the last quarter. Sugar Maple Asset Management LLC purchased a new stake in shares of NextEra Energy during the fourth quarter worth about $28,000. Bellwether Advisors LLC bought a new stake in shares of NextEra Energy in the fourth quarter worth about $30,000. WealthTrak Capital Management LLC bought a new position in NextEra Energy during the 4th quarter valued at approximately $33,000. Finally, Luken Investment Analytics LLC bought a new stake in shares of NextEra Energy in the 4th quarter worth approximately $36,000. Institutional investors own 78.72% of the company's stock.

Wall Street Analyst Weigh In

NEE has been the topic of several recent analyst reports. BMO Capital Markets cut their price target on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Guggenheim reiterated a "buy" rating and set a $89.00 target price on shares of NextEra Energy in a report on Thursday, March 20th. Morgan Stanley restated an "overweight" rating on shares of NextEra Energy in a research note on Wednesday, April 23rd. Evercore ISI decreased their price objective on NextEra Energy from $84.00 to $79.00 and set an "in-line" rating for the company in a report on Monday, January 27th. Finally, Barclays dropped their target price on shares of NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 29th. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $83.46.

NextEra Energy Trading Up 0.8 %

NYSE:NEE traded up $0.55 during mid-day trading on Tuesday, hitting $66.65. 3,285,728 shares of the stock traded hands, compared to its average volume of 10,762,797. NextEra Energy, Inc. has a 52 week low of $61.72 and a 52 week high of $86.10. The stock has a market capitalization of $137.20 billion, a price-to-earnings ratio of 19.75, a PEG ratio of 2.45 and a beta of 0.58. The firm's 50 day moving average is $68.92 and its two-hundred day moving average is $71.91. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20.

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

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were given a $0.5665 dividend. This is a positive change from NextEra Energy's previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a dividend yield of 3.40%. The ex-dividend date was Friday, February 28th. NextEra Energy's dividend payout ratio (DPR) is presently 84.64%.

Insiders Place Their Bets

In related news, CAO James Michael May sold 2,383 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total value of $162,258.47. Following the transaction, the chief accounting officer now owns 27,427 shares in the company, valued at approximately $1,867,504.43. This represents a 7.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.20% of the stock is owned by insiders.

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.