NextEra Energy, Inc. $NEE Shares Sold by Synergy Asset Management LLC

Synergy Asset Management LLC decreased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 64.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,723 shares of the utilities provider’s stock after selling 14,305 shares during the period. Synergy Asset Management LLC’s holdings in NextEra Energy were worth $620,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Wedbush Securities Inc. grew its position in shares of NextEra Energy by 24.8% during the third quarter. Wedbush Securities Inc. now owns 64,158 shares of the utilities provider’s stock worth $4,843,000 after buying an additional 12,738 shares in the last quarter. Varma Mutual Pension Insurance Co raised its holdings in NextEra Energy by 5.0% in the third quarter. Varma Mutual Pension Insurance Co now owns 326,193 shares of the utilities provider’s stock valued at $24,624,000 after acquiring an additional 15,600 shares in the last quarter. National Pension Service raised its holdings in NextEra Energy by 1.3% in the third quarter. National Pension Service now owns 4,845,447 shares of the utilities provider’s stock valued at $365,783,000 after acquiring an additional 60,324 shares in the last quarter. Y Intercept Hong Kong Ltd boosted its stake in NextEra Energy by 61.8% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 60,985 shares of the utilities provider’s stock valued at $4,604,000 after acquiring an additional 23,288 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in NextEra Energy by 7.3% during the 3rd quarter. Jones Financial Companies Lllp now owns 849,352 shares of the utilities provider’s stock valued at $64,373,000 after acquiring an additional 57,711 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on NEE shares. Morgan Stanley reissued an “overweight” rating and issued a $106.00 target price on shares of NextEra Energy in a research report on Friday, February 20th. JPMorgan Chase & Co. increased their price target on shares of NextEra Energy from $94.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, December 11th. Wall Street Zen upgraded NextEra Energy from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Erste Group Bank raised NextEra Energy from a “hold” rating to a “buy” rating in a report on Wednesday, February 18th. Finally, The Goldman Sachs Group upped their price objective on NextEra Energy from $94.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, NextEra Energy presently has an average rating of “Moderate Buy” and an average price target of $94.44.

NextEra Energy Trading Down 0.0%

NYSE NEE opened at $91.15 on Friday. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $95.91. The company has a 50-day simple moving average of $90.33 and a 200-day simple moving average of $84.02. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.60. The firm has a market capitalization of $189.90 billion, a PE ratio of 27.70 and a beta of 0.76.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.01. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. The firm had revenue of $6.50 billion for the quarter, compared to analyst estimates of $7.07 billion. During the same quarter in the prior year, the business earned $0.53 earnings per share. NextEra Energy’s quarterly revenue was up 20.7% on a year-over-year basis. On average, equities analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Investors of record on Friday, February 27th were given a dividend of $0.6232 per share. The ex-dividend date was Friday, February 27th. This represents a $2.49 dividend on an annualized basis and a yield of 2.7%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.57. NextEra Energy’s payout ratio is presently 75.68%.

Insider Activity

In other NextEra Energy news, EVP Terrell Kirk Crews II sold 19,672 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of $90.27, for a total value of $1,775,791.44. Following the sale, the executive vice president directly owned 73,857 shares of the company’s stock, valued at $6,667,071.39. This trade represents a 21.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Treasurer James Michael May sold 7,161 shares of the business’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $90.27, for a total transaction of $646,423.47. Following the transaction, the treasurer directly owned 26,719 shares of the company’s stock, valued at approximately $2,411,924.13. This trade represents a 21.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 190,816 shares of company stock worth $17,075,619 over the last 90 days. Insiders own 0.20% of the company’s stock.

NextEra Energy Profile

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.