NextEra Energy, Inc. (NYSE:NEE) Shares Sold by AGF Management Ltd.

AGF Management Ltd. trimmed its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 3.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 905,887 shares of the utilities provider's stock after selling 35,946 shares during the period. AGF Management Ltd.'s holdings in NextEra Energy were worth $55,024,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of NEE. BOK Financial Private Wealth Inc. purchased a new stake in NextEra Energy during the fourth quarter valued at approximately $29,000. Stuart Chaussee & Associates Inc. lifted its holdings in shares of NextEra Energy by 315.4% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider's stock valued at $33,000 after purchasing an additional 410 shares during the last quarter. Rakuten Securities Inc. acquired a new stake in shares of NextEra Energy in the 4th quarter worth $34,000. Alaska Permanent Fund Corp grew its stake in NextEra Energy by 59.8% during the 3rd quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider's stock worth $32,000 after buying an additional 208 shares during the last quarter. Finally, Valued Wealth Advisors LLC acquired a new position in NextEra Energy during the 4th quarter valued at about $34,000. Institutional investors own 78.72% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NEE. Guggenheim upped their price objective on shares of NextEra Energy from $70.00 to $80.00 and gave the company a "buy" rating in a report on Monday, January 22nd. Bank of America upped their target price on NextEra Energy from $61.00 to $67.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 23rd. Barclays began coverage on shares of NextEra Energy in a research note on Wednesday, April 10th. They issued an "equal weight" rating and a $66.00 price target on the stock. Mizuho upped their price objective on shares of NextEra Energy from $67.00 to $71.00 and gave the stock a "buy" rating in a research report on Wednesday, April 24th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $74.00 target price on shares of NextEra Energy in a research report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $71.93.

NextEra Energy Trading Down 1.1 %

NextEra Energy stock traded down $0.79 during trading on Friday, reaching $73.79. 12,046,747 shares of the company were exchanged, compared to its average volume of 12,264,612. The stock's 50 day simple moving average is $63.77 and its two-hundred day simple moving average is $60.28. The company has a market capitalization of $151.60 billion, a P/E ratio of 20.11, a PEG ratio of 2.75 and a beta of 0.50. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.43. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $78.53.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, topping the consensus estimate of $0.80 by $0.11. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The business had revenue of $5.73 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same quarter in the previous year, the firm earned $0.84 EPS. The company's quarterly revenue was down 14.7% compared to the same quarter last year. On average, equities research analysts expect that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were issued a dividend of $0.515 per share. The ex-dividend date of this dividend was Monday, February 26th. This is a boost from NextEra Energy's previous quarterly dividend of $0.47. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.79%. NextEra Energy's dividend payout ratio is currently 56.13%.

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.