Edge Capital Group LLC Sells 1,359 Shares of NextEra Energy, Inc. (NYSE:NEE)

Edge Capital Group LLC lessened its position in NextEra Energy, Inc. (NYSE:NEE) by 8.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,082 shares of the utilities provider’s stock after selling 1,359 shares during the period. Edge Capital Group LLC’s holdings in NextEra Energy were worth $1,081,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in NEE. Burkett Financial Services LLC raised its holdings in shares of NextEra Energy by 1,229.6% during the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 332 shares in the last quarter. Reston Wealth Management LLC purchased a new position in NextEra Energy during the 3rd quarter valued at $27,000. Sugar Maple Asset Management LLC bought a new position in NextEra Energy in the 4th quarter worth $28,000. Quarry LP purchased a new stake in shares of NextEra Energy in the 3rd quarter worth about $33,000. Finally, Luken Investment Analytics LLC purchased a new stake in shares of NextEra Energy in the 4th quarter worth about $36,000. Institutional investors own 78.72% of the company’s stock.

Insider Buying and Selling at NextEra Energy

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on NEE shares. Morgan Stanley boosted their price target on shares of NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. BMO Capital Markets increased their target price on NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. JPMorgan Chase & Co. lowered their target price on NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Evercore ISI reduced their price target 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. Finally, 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 report on Thursday, December 12th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $85.85.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $70.72 on Tuesday. The business has a fifty day moving average price of $70.48 and a 200-day moving average price of $76.50. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The company has a market capitalization of $145.48 billion, a PE ratio of 20.99, a PEG ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10.

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

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be given a $0.5665 dividend. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a yield of 3.20%. NextEra Energy’s dividend payout ratio is 67.06%.

NextEra Energy Company 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.