NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Keybank National Association OH

Keybank National Association OH cut its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,527,161 shares of the utilities provider’s stock after selling 34,771 shares during the period. Keybank National Association OH’s holdings in NextEra Energy were worth $109,482,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Burkett Financial Services LLC lifted its position in NextEra Energy by 1,229.6% during the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 332 shares in the last quarter. Sugar Maple Asset Management LLC acquired a new position in NextEra Energy during the 4th quarter worth approximately $28,000. Quarry LP acquired a new position in NextEra Energy during the 3rd quarter worth approximately $33,000. Luken Investment Analytics LLC purchased a new stake in NextEra Energy during the 4th quarter worth approximately $36,000. Finally, Harvest Fund Management Co. Ltd increased its holdings in NextEra Energy by 2,482.6% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 594 shares of the utilities provider’s stock worth $50,000 after purchasing an additional 571 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Price Performance

Shares of NEE opened at $71.64 on Tuesday. The company has a market cap of $147.37 billion, a P/E ratio of 21.26, a PEG ratio of 2.45 and a beta of 0.58. The stock has a fifty day moving average price of $70.42 and a 200 day moving average price of $76.25. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10.

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

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be paid a dividend of $0.5665 per share. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date of this dividend is Friday, February 28th. NextEra Energy’s dividend payout ratio is presently 67.06%.

Insider Buying and Selling

In other NextEra Energy 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 transaction of $162,258.47. Following the completion of the transaction, the chief accounting officer now owns 27,427 shares in the company, valued at approximately $1,867,504.43. The trade was a 7.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.18% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NEE. 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 report on Monday, January 27th. Jefferies Financial Group dropped their price objective on NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. BMO Capital Markets lifted their price objective on NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. JPMorgan Chase & Co. dropped their price objective on NextEra Energy from $99.00 to $90.00 in a report on Monday, January 27th. Finally, Morgan Stanley lifted their price objective on NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $85.85.

About NextEra Energy

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.