Midland Wealth Advisors LLC Cuts Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Midland Wealth Advisors LLC lowered its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 5.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,176 shares of the utilities provider’s stock after selling 361 shares during the period. Midland Wealth Advisors LLC’s holdings in NextEra Energy were worth $443,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. FWG Holdings LLC raised its stake in NextEra Energy by 6.5% during the fourth quarter. FWG Holdings LLC now owns 13,122 shares of the utilities provider’s stock worth $932,000 after purchasing an additional 806 shares during the period. Main Street Research LLC purchased a new position in NextEra Energy during the fourth quarter worth approximately $236,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in NextEra Energy by 11.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 859,113 shares of the utilities provider’s stock worth $61,590,000 after purchasing an additional 87,217 shares during the period. Essex Investment Management Co. LLC raised its stake in NextEra Energy by 6.4% during the fourth quarter. Essex Investment Management Co. LLC now owns 118,191 shares of the utilities provider’s stock worth $8,473,000 after purchasing an additional 7,090 shares during the period. Finally, Sound View Wealth Advisors Group LLC raised its stake in shares of NextEra Energy by 1.7% in the 4th quarter. Sound View Wealth Advisors Group LLC now owns 47,086 shares of the utilities provider’s stock valued at $3,376,000 after acquiring an additional 798 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insiders Place Their Bets

In other news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction dated Tuesday, February 18th. The shares were 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 directly owns 27,427 shares of the company’s stock, valued at approximately $1,867,504.43. The trade was a 7.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.18% of the stock is owned by company insiders.

NextEra Energy Price Performance

Shares of NEE stock opened at $76.14 on Tuesday. The firm has a market cap of $156.62 billion, a P/E ratio of 22.59, a P/E/G ratio of 2.45 and a beta of 0.58. 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 1-year low of $56.55 and a 1-year high of $86.10. The firm has a fifty day moving average of $70.39 and a two-hundred day moving average of $76.01.

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 net margin of 28.06% and a return on equity of 11.85%. As a group, research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.5665 per share. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a yield of 2.98%. The ex-dividend date of this dividend is Friday, February 28th. NextEra Energy’s dividend payout ratio (DPR) is currently 67.06%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Morgan Stanley raised their target price on shares of NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. BMO Capital Markets raised their target price on shares of NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Scotiabank raised their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Jefferies Financial Group cut their target price on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Finally, Evercore ISI cut their target price on shares of 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. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $85.85.

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.