NextEra Energy Inc (NEE) Holdings Decreased by Hartford Investment Management Co.

Hartford Investment Management Co. reduced its position in NextEra Energy Inc (NYSE:NEE) by 1.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 102,446 shares of the utilities provider’s stock after selling 1,445 shares during the quarter. Hartford Investment Management Co.’s holdings in NextEra Energy were worth $15,013,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hanson McClain Inc. boosted its position in shares of NextEra Energy by 6.0% during the second quarter. Hanson McClain Inc. now owns 763 shares of the utilities provider’s stock worth $107,000 after acquiring an additional 43 shares during the last quarter. Risk Paradigm Group LLC boosted its position in shares of NextEra Energy by 108.1% during the third quarter. Risk Paradigm Group LLC now owns 851 shares of the utilities provider’s stock worth $125,000 after acquiring an additional 442 shares during the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC boosted its position in shares of NextEra Energy by 8.9% during the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 871 shares of the utilities provider’s stock worth $112,000 after acquiring an additional 71 shares during the last quarter. Horan Capital Advisors LLC. bought a new position in shares of NextEra Energy during the third quarter worth $134,000. Finally, Highstreet Asset Management Inc. bought a new position in shares of NextEra Energy during the second quarter worth $134,000. Institutional investors and hedge funds own 75.53% of the company’s stock.

In related news, CEO Armando Pimentel, Jr. sold 42,372 shares of the company’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $157.45, for a total transaction of $6,671,471.40. Following the sale, the chief executive officer now owns 121,958 shares of the company’s stock, valued at $19,202,287.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Joseph T. Kelliher sold 2,000 shares of the company’s stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $150.00, for a total transaction of $300,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 104,857 shares of company stock worth $15,984,953. 0.53% of the stock is owned by insiders.

A number of equities analysts recently weighed in on NEE shares. Zacks Investment Research lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. KeyCorp restated a “buy” rating and set a $155.00 target price on shares of NextEra Energy in a research report on Friday, September 1st. J P Morgan Chase & Co started coverage on shares of NextEra Energy in a research report on Thursday, September 7th. They set an “overweight” rating and a $173.00 target price for the company. Morgan Stanley upped their target price on shares of NextEra Energy from $167.00 to $169.00 and gave the stock an “overweight” rating in a research report on Friday, September 8th. Finally, Bank of America started coverage on shares of NextEra Energy in a research report on Tuesday, October 24th. They set a “buy” rating and a $166.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $159.00.

Shares of NextEra Energy Inc (NEE) opened at $154.10 on Wednesday. The stock has a market cap of $73,546.67, a price-to-earnings ratio of 23.44, a P/E/G ratio of 3.12 and a beta of 0.31. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.49 and a current ratio of 0.61. NextEra Energy Inc has a 12 month low of $117.33 and a 12 month high of $159.40.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Thursday, October 26th. The utilities provider reported $1.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.77 by $0.08. The company had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.89 billion. NextEra Energy had a net margin of 24.81% and a return on equity of 11.86%. NextEra Energy’s revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.74 earnings per share. equities analysts forecast that NextEra Energy Inc will post 6.73 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, November 24th were paid a dividend of $0.9825 per share. This represents a $3.93 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend was Wednesday, November 22nd. NextEra Energy’s payout ratio is 44.16%.

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About NextEra Energy

NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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