Hartford Investment Management Co. Sells 2,302 Shares of NextEra Energy, Inc. (NYSE:NEE)

by · The Cerbat Gem

Hartford Investment Management Co. lessened its stake in NextEra Energy, Inc. (NYSE:NEE – Free Report) by 1.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 129,321 shares of the utilities provider’s stock after selling 2,302 shares during the period. Hartford Investment Management Co.’s holdings in NextEra Energy were worth $10,932,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Sound Income Strategies LLC grew its position in shares of NextEra Energy by 1.1% during the 1st quarter. Sound Income Strategies LLC now owns 26,366 shares of the utilities provider’s stock worth $1,685,000 after buying an additional 279 shares during the period. Brookstone Capital Management raised its position in shares of NextEra Energy by 19.8% during the 1st quarter. Brookstone Capital Management now owns 71,152 shares of the utilities provider’s stock valued at $4,547,000 after acquiring an additional 11,777 shares during the last quarter. Sovereign Financial Group Inc. lifted its stake in shares of NextEra Energy by 8.4% in the 1st quarter. Sovereign Financial Group Inc. now owns 9,548 shares of the utilities provider’s stock valued at $610,000 after purchasing an additional 741 shares during the period. GoalVest Advisory LLC boosted its position in shares of NextEra Energy by 578.0% in the 1st quarter. GoalVest Advisory LLC now owns 11,078 shares of the utilities provider’s stock worth $708,000 after purchasing an additional 9,444 shares during the last quarter. Finally, Key Client Fiduciary Advisors LLC grew its stake in shares of NextEra Energy by 11.5% during the first quarter. Key Client Fiduciary Advisors LLC now owns 9,719 shares of the utilities provider’s stock worth $621,000 after purchasing an additional 1,006 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Up 0.3 %

NEE stock traded up $0.26 during mid-day trading on Wednesday, reaching $83.96. The company had a trading volume of 1,526,911 shares, compared to its average volume of 10,713,418. NextEra Energy, Inc. has a 52 week low of $53.11 and a 52 week high of $86.10. The company has a market capitalization of $172.50 billion, a price-to-earnings ratio of 22.81, a PEG ratio of 2.92 and a beta of 0.56. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41. The stock has a 50 day simple moving average of $82.05 and a two-hundred day simple moving average of $75.89.

NextEra Energy (NYSE:NEE – Get Free Report) last posted its quarterly 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. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. The firm had revenue of $6.07 billion for the quarter, compared to analyst estimates of $7.29 billion. During the same period in the prior year, the firm posted $0.88 earnings per share. As a group, equities analysts predict that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be paid a $0.515 dividend. The ex-dividend date is Friday, November 22nd. This represents a $2.06 annualized dividend and a yield of 2.45%. NextEra Energy’s dividend payout ratio (DPR) is currently 56.13%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NEE. Wells Fargo & Company raised their target price on NextEra Energy from $95.00 to $102.00 and gave the stock an “overweight” rating in a report on Tuesday, September 3rd. Barclays upped their target price on shares of NextEra Energy from $76.00 to $80.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 1st. Citigroup lifted their price target on shares of NextEra Energy from $69.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, June 27th. BMO Capital Markets upped their price objective on shares of NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research report on Friday, October 18th. Finally, Jefferies Financial Group initiated coverage on NextEra Energy in a report on Thursday, September 19th. They set a “hold” rating and a $87.00 price objective on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $85.46.

Get Our Latest Stock Analysis on NextEra Energy

Insider Buying and Selling

In other news, EVP Nicole J. Daggs sold 658 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total value of $50,646.26. Following the completion of the sale, the executive vice president now directly owns 100 shares of the company’s stock, valued at $7,697. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.18% of the stock is currently owned by corporate insiders.

About NextEra Energy

(Free Report)

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.

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