McCollum Christoferson Group LLC Sells 355 Shares of NextEra Energy, Inc. (NYSE:NEE)

McCollum Christoferson Group LLC reduced its position in NextEra Energy, Inc. (NYSE:NEE) by 0.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 118,445 shares of the utilities provider’s stock after selling 355 shares during the quarter. NextEra Energy makes up about 2.5% of McCollum Christoferson Group LLC’s holdings, making the stock its 17th largest position. McCollum Christoferson Group LLC’s holdings in NextEra Energy were worth $8,491,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in NEE. Empowered Funds LLC raised its stake in NextEra Energy by 14.7% in the 4th quarter. Empowered Funds LLC now owns 45,566 shares of the utilities provider’s stock valued at $3,267,000 after acquiring an additional 5,831 shares during the period. Empower Advisory Group LLC increased its stake in shares of NextEra Energy by 2.3% in the fourth quarter. Empower Advisory Group LLC now owns 1,823,327 shares of the utilities provider’s stock worth $130,714,000 after purchasing an additional 41,328 shares in the last quarter. Nordea Investment Management AB raised its position in shares of NextEra Energy by 20.9% in the fourth quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock valued at $634,703,000 after purchasing an additional 1,525,436 shares during the period. Czech National Bank raised its position in shares of NextEra Energy by 6.5% in the fourth quarter. Czech National Bank now owns 445,870 shares of the utilities provider’s stock valued at $31,964,000 after purchasing an additional 27,340 shares during the period. Finally, ST Germain D J Co. Inc. lifted its stake in shares of NextEra Energy by 5.8% during the 4th quarter. ST Germain D J Co. Inc. now owns 171,735 shares of the utilities provider’s stock valued at $12,312,000 after buying an additional 9,425 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.

Insider Activity at NextEra Energy

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. BMO Capital Markets boosted their target price on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Guggenheim reiterated a “buy” rating and issued a $89.00 price target on shares of NextEra Energy in a research report on Thursday. JPMorgan Chase & Co. increased their price objective on NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a report on Tuesday, March 11th. Evercore ISI reduced their target price on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a report on Monday, January 27th. Finally, Scotiabank increased their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $85.92.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $70.92 on Monday. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The stock has a market cap of $145.87 billion, a PE ratio of 21.04, a PEG ratio of 2.45 and a beta of 0.58. The company’s fifty day moving average is $70.62 and its 200 day moving average is $75.49. NextEra Energy, Inc. has a 52 week low of $61.30 and a 52 week high of $86.10.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 EPS 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%. Research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were paid a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 3.20%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, February 28th. NextEra Energy’s payout ratio is presently 67.06%.

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.