Norden Group LLC decreased its stock position in NextEra Energy, Inc. (NYSE:NEE)

Norden Group LLC cut its position in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) by 82.1% during the second quarter, Holdings Channel reports. The institutional investor owned 4,254 shares of the utilities provider’s stock after selling 19,506 shares during the quarter. Norden Group LLC’s holdings in NextEra Energy were worth $301,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC grew its holdings in NextEra Energy by 33.3% during the 4th quarter. International Assets Investment Management LLC now owns 35,783 shares of the utilities provider’s stock valued at $2,173,000 after buying another 8,949 shares in the last quarter. Aveo Capital Partners LLC boosted its position in shares of NextEra Energy by 17.7% in the fourth quarter. Aveo Capital Partners LLC now owns 8,033 shares of the utilities provider’s stock valued at $488,000 after buying an additional 1,206 shares during the period. Gryphon Financial Partners LLC raised its stake in NextEra Energy by 49.7% during the fourth quarter. Gryphon Financial Partners LLC now owns 12,181 shares of the utilities provider’s stock valued at $754,000 after purchasing an additional 4,046 shares in the last quarter. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of NextEra Energy by 56.7% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 20,027 shares of the utilities provider’s stock worth $1,216,000 after purchasing an additional 7,247 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in NextEra Energy by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,989,487 shares of the utilities provider’s stock, valued at $242,327,000 , after acquiring an additional 15,666 shares during the period. Institutional investors own 78.72% of the company’s shares.

Insiders place their bets

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $76.97, for a total value of $50,646.26. Following the completion of the transaction, the executive vice president now owns 100 shares of the company’s stock, valued at $7,697. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.18% of shares are held by insiders.

NextEra Energy trading rose 1.5%

NYSE:NEE opened at $81.18 on Tuesday. The firm has a 50-day moving average of $76.36 and a 200-day moving average of $70.66. The company has a quick ratio of 0.41, a current ratio of 0.49, and a debt-to-equity ratio of 1.15. NextEra Energy, Inc. it has a 52 week low of $47.15 and a 52 week high of $82.14. The stock has a market cap of $166.85 billion, a price-to-earnings ratio of 22.12, a PEG ratio of 2.90 and a beta of 0.56.

NextEra Energy (NYSE:NEE – Get Your Free Report ) last announced its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.03. The company had revenue of $6.07 billion for the quarter, compared to analyst estimates of $7.29 billion. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. During the same period in the previous year, the company posted EPS of $0.88. As a group, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be given a $0.515 dividend. This represents a dividend of $2.06 on an annualized basis and a yield of 2.54%. The ex-dividend date is Friday, August 30. NextEra Energy’s dividend payout ratio (DPR) is currently 56.13%.

Changes in Analyst Ratings

Several brokerages have commented on NEE. Scotiabank boosted their price objective on NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. Citigroup lifted their price objective on shares of NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, June 27th. Wells Fargo & Company upped their target price on shares of NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 3rd. Evercore ISI boosted their price objective on NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a report on Wednesday, June 12th. Finally, JPMorgan Chase & Co. upped their target price on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of “Moderate Buy” and an average target price of $81.50, according to MarketBeat.com.

Check out our latest research report on NextEra Energy

NextEra Energy Company Profile

(Free Report)

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes and sells electricity to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, natural gas and other clean energies. It also develops, builds and operates long-term contracted assets consisting of clean energy solutions such as renewable generation facilities, battery storage projects and electric transmission facilities; sells energy products; and owns, develops, builds, manages and operates electricity generation facilities in wholesale energy markets.

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