NextEra Energy, Inc. (NYSE:NEE) Stock Position Reduced by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC lowered its holdings in NextEra Energy, Inc. (NYSE:NEE) by 4.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 136,848 shares of the utilities provider’s stock after selling 5,776 shares during the period. Motley Fool Wealth Management LLC’s holdings in NextEra Energy were worth $9,658,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in NEE. Second Line Capital LLC grew its position in NextEra Energy by 4.7% in the third quarter. Second Line Capital LLC now owns 3,097 shares of the utilities provider’s stock worth $262,000 after acquiring an additional 139 shares in the last quarter. Accel Wealth Management raised its stake in shares of NextEra Energy by 1.7% during the fourth quarter. Accel Wealth Management now owns 8,615 shares of the utilities provider’s stock valued at $618,000 after acquiring an additional 145 shares during the last quarter. L.M. Kohn & Company grew its position in shares of NextEra Energy by 1.0% in the 4th quarter. L.M. Kohn & Company now owns 15,353 shares of the utilities provider’s stock worth $1,101,000 after buying an additional 145 shares during the last quarter. 1ST Source Bank increased its position in NextEra Energy by 0.4% during the 3rd quarter. 1ST Source Bank now owns 34,178 shares of the utilities provider’s stock valued at $2,889,000 after purchasing an additional 147 shares during the period. Finally, Tortoise Investment Management LLC raised its stake in NextEra Energy by 8.3% in the fourth quarter. Tortoise Investment Management LLC now owns 1,943 shares of the utilities provider’s stock worth $139,000 after buying an additional 149 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Stock Performance

Shares of NYSE:NEE opened at $68.70 on Wednesday. The business’s 50 day moving average price is $70.70 and its 200-day moving average price is $75.34. The firm has a market capitalization of $141.32 billion, a PE ratio of 20.39, 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 $61.30 and a 1 year high of $86.10.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share 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%. As a group, equities research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were given a dividend of $0.5665 per share. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a dividend yield of 3.30%. The ex-dividend date of this dividend was Friday, February 28th. NextEra Energy’s payout ratio is 67.06%.

Analyst Ratings Changes

NEE has been the topic of a number of recent research reports. Guggenheim restated a “buy” rating and issued a $89.00 price objective on shares of NextEra Energy in a report on Thursday, March 20th. JPMorgan Chase & Co. upped their target price on shares of NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday, March 11th. Scotiabank lifted 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. BMO Capital Markets upped their target price on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Finally, Evercore ISI cut their price objective on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a report on Monday, January 27th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $85.92.

Insiders Place Their Bets

In other news, CAO James Michael May sold 2,383 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total transaction of $162,258.47. Following the transaction, the chief accounting officer now directly owns 27,427 shares in the company, valued at approximately $1,867,504.43. This trade 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 link. 0.18% of the stock is owned by corporate 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.