Boston Family Office LLC Sells 2,890 Shares of NextEra Energy, Inc. (NYSE:NEE)

Boston Family Office LLC decreased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 1.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 281,910 shares of the utilities provider’s stock after selling 2,890 shares during the quarter. NextEra Energy accounts for approximately 1.4% of Boston Family Office LLC’s investment portfolio, making the stock its 25th biggest holding. Boston Family Office LLC’s holdings in NextEra Energy were worth $20,210,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NEE. Burkett Financial Services LLC boosted its position in shares of NextEra Energy by 1,229.6% during the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after buying an additional 332 shares during the last quarter. Sugar Maple Asset Management LLC bought a new position in NextEra Energy during the 4th quarter valued at $28,000. Quarry LP purchased a new position in NextEra Energy during the 3rd quarter worth $33,000. WealthTrak Capital Management LLC bought a new stake in shares of NextEra Energy in the 4th quarter worth $33,000. Finally, Luken Investment Analytics LLC purchased a new stake in shares of NextEra Energy in the fourth quarter valued at about $36,000. 78.72% of the stock is owned by institutional investors.

Insider Transactions at NextEra Energy

In related news, CAO James Michael May sold 2,383 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was 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 in the company, valued at $1,867,504.43. The trade was a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.18% of the company’s stock.

NextEra Energy Stock Performance

NYSE:NEE opened at $70.92 on Tuesday. The business’s fifty day moving average is $70.67 and its 200 day moving average is $74.99. The firm has a market cap of $145.87 billion, a price-to-earnings ratio of 21.04, a PEG ratio of 2.45 and a beta of 0.58. 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 52-week low of $61.31 and a 52-week high of $86.10.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results 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%. Research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The company also recently declared 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 positive change from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date was Friday, February 28th. NextEra Energy’s payout ratio is 67.06%.

Analyst Upgrades and Downgrades

NEE has been the topic of several analyst reports. Jefferies Financial Group cut their price target on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Evercore ISI cut their target price on 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. JPMorgan Chase & Co. increased their price target on NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. Scotiabank boosted their price objective on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Finally, Morgan Stanley raised their target price on NextEra Energy from $95.00 to $97.00 and gave the company an “overweight” rating in a research report on Thursday, March 20th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $85.92.

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.