NextEra Energy, Inc. (NYSE:NEE) Shares Sold by L & S Advisors Inc

L & S Advisors Inc lowered its holdings in NextEra Energy, Inc. (NYSE:NEE) by 21.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 45,831 shares of the utilities provider’s stock after selling 12,659 shares during the quarter. L & S Advisors Inc’s holdings in NextEra Energy were worth $3,286,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in NEE. Strategy Asset Managers LLC increased its stake in NextEra Energy by 4.7% in the fourth quarter. Strategy Asset Managers LLC now owns 5,593 shares of the utilities provider’s stock valued at $401,000 after purchasing an additional 253 shares during the last quarter. Allianz SE acquired a new position in shares of NextEra Energy in the 4th quarter valued at $12,463,000. Cornercap Investment Counsel Inc. purchased a new position in shares of NextEra Energy in the 4th quarter valued at $792,000. WealthTrak Capital Management LLC acquired a new stake in NextEra Energy during the 4th quarter worth $33,000. Finally, Allstate Corp acquired a new stake in NextEra Energy during the 4th quarter worth $4,370,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Up 0.6 %

Shares of NextEra Energy stock opened at $70.44 on Friday. The company has a market cap of $144.90 billion, a P/E ratio of 20.90, a PEG ratio of 2.45 and a beta of 0.58. The firm has a fifty day moving average of $70.67 and a two-hundred day moving average of $75.14. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. NextEra Energy, Inc. has a one year low of $61.31 and a one year high of $86.10.

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

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were issued a $0.5665 dividend. 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 3.22%. The ex-dividend date of this dividend was Friday, February 28th. NextEra Energy’s dividend payout ratio (DPR) is currently 67.06%.

Analysts Set New Price Targets

Several equities analysts have issued reports on NEE shares. Scotiabank raised their price objective on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Guggenheim reissued a “buy” rating and issued a $89.00 target price on shares of NextEra Energy in a research report on Thursday, March 20th. Evercore ISI cut their price target on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research report on Monday, January 27th. JPMorgan Chase & Co. boosted their price objective on NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research note on Tuesday, March 11th. Finally, Morgan Stanley raised their target price on shares of NextEra Energy from $95.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, March 20th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $85.92.

Insider Activity at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the firm’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 sale, the chief accounting officer now owns 27,427 shares of the company’s stock, valued at approximately $1,867,504.43. This trade represents a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.18% of the company’s stock.

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.