NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Prudent Man Advisors LLC

Prudent Man Advisors LLC trimmed its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 6.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,350 shares of the utilities provider’s stock after selling 1,579 shares during the period. NextEra Energy comprises about 0.6% of Prudent Man Advisors LLC’s holdings, making the stock its 27th biggest position. Prudent Man Advisors LLC’s holdings in NextEra Energy were worth $1,674,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Howard Capital Management Group LLC grew its stake in NextEra Energy by 1.8% in the 3rd quarter. Howard Capital Management Group LLC now owns 299,215 shares of the utilities provider’s stock worth $25,293,000 after acquiring an additional 5,409 shares during the period. Diversify Wealth Management LLC purchased a new stake in NextEra Energy in the 3rd quarter worth approximately $331,000. JFS Wealth Advisors LLC grew its stake in NextEra Energy by 39.5% in the 3rd quarter. JFS Wealth Advisors LLC now owns 4,388 shares of the utilities provider’s stock worth $371,000 after acquiring an additional 1,243 shares during the period. Reston Wealth Management LLC purchased a new stake in NextEra Energy in the 3rd quarter worth approximately $27,000. Finally, Aspen Wealth Strategies LLC purchased a new stake in NextEra Energy in the 3rd quarter worth approximately $495,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $70.17 on Friday. 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 quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The company has a market cap of $144.34 billion, a PE ratio of 20.82, a P/E/G ratio of 2.45 and a beta of 0.58. The firm has a 50-day simple moving average of $70.44 and a 200 day simple moving average of $76.32.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, meeting 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, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be issued a $0.5665 dividend. The ex-dividend date is Friday, February 28th. 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 3.23%. NextEra Energy’s dividend payout ratio (DPR) is 67.06%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered their price objective on shares of NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. BMO Capital Markets boosted their price objective on shares of NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Evercore ISI lowered their price objective on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research note on Monday, January 27th. Scotiabank lifted their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Finally, Jefferies Financial Group reduced their target price on shares of NextEra Energy from $81.00 to $77.00 in a 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, NextEra Energy currently has an average rating of “Hold” and a consensus price target of $85.85.

Insider Activity

In other news, CAO James Michael May sold 2,383 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were 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 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 accessible through this link. Insiders own 0.18% of the company’s stock.

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.