Sigma Planning Corp Has $8.23 Million Stake in NextEra Energy, Inc. (NYSE:NEE)

Sigma Planning Corp decreased its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 114,802 shares of the utilities provider’s stock after selling 5,203 shares during the period. Sigma Planning Corp’s holdings in NextEra Energy were worth $8,230,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of NEE. Howard Capital Management Group LLC grew its position in NextEra Energy by 1.8% in the 3rd quarter. Howard Capital Management Group LLC now owns 299,215 shares of the utilities provider’s stock valued at $25,293,000 after purchasing an additional 5,409 shares during the period. Foundations Investment Advisors LLC grew its position in NextEra Energy by 1.9% in the 3rd quarter. Foundations Investment Advisors LLC now owns 7,317 shares of the utilities provider’s stock valued at $619,000 after purchasing an additional 138 shares during the period. McAdam LLC grew its position in NextEra Energy by 3.7% in the 3rd quarter. McAdam LLC now owns 4,289 shares of the utilities provider’s stock valued at $363,000 after purchasing an additional 154 shares during the period. International Assets Investment Management LLC grew its position in NextEra Energy by 8,641.5% in the 3rd quarter. International Assets Investment Management LLC now owns 3,861,208 shares of the utilities provider’s stock valued at $326,388,000 after purchasing an additional 3,817,037 shares during the period. Finally, Great Lakes Retirement Inc. grew its position in NextEra Energy by 16.5% in the 3rd quarter. Great Lakes Retirement Inc. now owns 10,833 shares of the utilities provider’s stock valued at $916,000 after purchasing an additional 1,537 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Trading Up 2.3 %

Shares of NEE opened at $71.74 on Friday. The business has a 50-day moving average of $70.53 and a 200 day moving average of $76.56. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10. The firm has a market cap of $147.56 billion, a P/E ratio of 21.29, a price-to-earnings-growth ratio of 2.41 and a beta of 0.58. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. As a group, research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be issued a $0.5665 dividend. The ex-dividend date is Friday, February 28th. This represents a $2.27 annualized dividend and a yield of 3.16%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s dividend payout ratio (DPR) is 61.13%.

Analysts Set New Price Targets

Several equities analysts have weighed in on NEE shares. Evercore ISI dropped their price objective on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research note on Monday, January 27th. Morgan Stanley raised their price objective on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Scotiabank raised their price objective on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Barclays raised their price objective on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Finally, Jefferies Financial Group dropped their price objective on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $85.85.

Insider Buying and Selling

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total transaction of $162,258.47. Following the completion of the transaction, the chief accounting officer now owns 27,427 shares of the company’s stock, valued at $1,867,504.43. The trade was a 7.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is currently 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.