Edmond DE Rothschild Holding S.A. Sells 28,767 Shares of NextEra Energy, Inc. (NYSE:NEE)

Edmond DE Rothschild Holding S.A. decreased its position in NextEra Energy, Inc. (NYSE:NEE) by 5.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 522,919 shares of the utilities provider’s stock after selling 28,767 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in NextEra Energy were worth $37,488,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of NEE. Vanguard Group Inc. raised its stake in NextEra Energy by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 205,297,225 shares of the utilities provider’s stock valued at $14,717,758,000 after purchasing an additional 2,090,538 shares in the last quarter. Norges Bank bought a new stake in shares of NextEra Energy in the 4th quarter worth about $3,484,197,000. Geode Capital Management LLC raised its position in shares of NextEra Energy by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 42,418,748 shares of the utilities provider’s stock valued at $3,571,650,000 after buying an additional 820,704 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of NextEra Energy by 4.2% in the 4th quarter. Bank of New York Mellon Corp now owns 14,523,786 shares of the utilities provider’s stock valued at $1,041,210,000 after acquiring an additional 588,038 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in NextEra Energy by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,630,784 shares of the utilities provider’s stock worth $977,191,000 after acquiring an additional 345,999 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NEE has been the subject of several analyst reports. Jefferies Financial Group lowered their price objective on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. BMO Capital Markets lifted their price objective on shares of NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. JPMorgan Chase & Co. boosted their price objective on shares of NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. Guggenheim reaffirmed a “buy” rating and set a $89.00 price target on shares of NextEra Energy in a research note on Thursday, March 20th. Finally, Evercore ISI reduced their price objective on shares of 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. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, NextEra Energy presently has an average rating of “Hold” and a consensus price target of $85.92.

NextEra Energy Trading Up 0.6 %

NEE opened at $70.44 on Monday. NextEra Energy, Inc. has a 52 week low of $61.31 and a 52 week high of $86.10. The company has a market capitalization of $144.90 billion, a P/E ratio of 20.90, a PEG ratio of 2.45 and a beta of 0.58. The stock’s fifty day moving average is $70.67 and its two-hundred day moving average is $75.08. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. 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 disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were paid a $0.5665 dividend. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date was Friday, February 28th. This represents a $2.27 dividend on an annualized basis and a yield of 3.22%. NextEra Energy’s payout ratio is 67.06%.

Insiders Place Their Bets

In other 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 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 legal filing with the SEC, which is accessible through this link. 0.18% of the stock is owned by company insiders.

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.