Motco Decreases Holdings in NextEra Energy, Inc. (NYSE:NEE)

Motco reduced its position in NextEra Energy, Inc. (NYSE:NEE) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 110,485 shares of the utilities provider’s stock after selling 967 shares during the quarter. Motco’s holdings in NextEra Energy were worth $7,921,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in NEE. Nordea Investment Management AB increased its holdings in shares of NextEra Energy by 20.9% during the fourth quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock valued at $634,703,000 after acquiring an additional 1,525,436 shares in the last quarter. National Bank of Canada FI grew its position in NextEra Energy by 167.7% during the 3rd quarter. National Bank of Canada FI now owns 2,186,225 shares of the utilities provider’s stock worth $184,795,000 after purchasing an additional 1,369,689 shares during the last quarter. Proficio Capital Partners LLC increased its stake in NextEra Energy by 13,375.2% during the 4th quarter. Proficio Capital Partners LLC now owns 946,231 shares of the utilities provider’s stock valued at $67,835,000 after purchasing an additional 939,209 shares in the last quarter. Geode Capital Management LLC increased its stake in 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 purchasing an additional 820,704 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of NextEra Energy by 4.2% in the fourth quarter. Bank of New York Mellon Corp now owns 14,523,786 shares of the utilities provider’s stock worth $1,041,210,000 after buying an additional 588,038 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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 stock was sold at an average price of $68.09, for a total value of $162,258.47. Following the transaction, the chief accounting officer now owns 27,427 shares in the company, valued at $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 SEC, which is available through this link. 0.18% of the stock is currently owned by insiders.

NextEra Energy Stock Down 2.1 %

NEE opened at $69.52 on Friday. The company has a fifty day moving average of $70.47 and a two-hundred day moving average of $76.37. The stock has a market capitalization of $143.00 billion, a price-to-earnings ratio of 20.63, a PEG ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10. 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 (NYSE:NEE) last announced its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. On average, research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be paid a $0.5665 dividend. The ex-dividend date of this dividend is Friday, February 28th. 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 yield of 3.26%. NextEra Energy’s dividend payout ratio (DPR) is currently 67.06%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Morgan Stanley upped their target price on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Jefferies Financial Group cut their price objective on NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. JPMorgan Chase & Co. decreased their target price on NextEra Energy from $99.00 to $90.00 in a report on Monday, January 27th. Scotiabank upped their target price 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. Finally, Evercore ISI reduced their price target on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research report on Monday, January 27th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, NextEra Energy currently has a consensus rating of “Hold” and an average target price of $85.85.

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.