Synergy Financial Group LTD Sells 1,245 Shares of NextEra Energy, Inc. (NYSE:NEE)

Synergy Financial Group LTD lessened its stake in NextEra Energy, Inc. (NYSE:NEE) by 20.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,733 shares of the utilities provider’s stock after selling 1,245 shares during the period. Synergy Financial Group LTD’s holdings in NextEra Energy were worth $339,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Burkett Financial Services LLC lifted its position in NextEra Energy by 1,229.6% in the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 332 shares during the last quarter. Reston Wealth Management LLC purchased a new position in shares of NextEra Energy in the third quarter worth $27,000. Sugar Maple Asset Management LLC bought a new stake in NextEra Energy during the 4th quarter valued at $28,000. Quarry LP bought a new stake in NextEra Energy during the 3rd quarter valued at $33,000. Finally, Luken Investment Analytics LLC purchased a new stake in NextEra Energy during the 4th quarter valued at $36,000. Institutional investors own 78.72% of the company’s stock.

Insider Buying and Selling at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of the firm’s stock in a transaction on 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. This trade represents a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Evercore ISI decreased 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. Morgan Stanley boosted their price target on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Scotiabank increased their price objective on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. cut their price objective on NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Finally, Jefferies Financial Group decreased their target price on NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $85.85.

NextEra Energy Stock Down 1.2 %

NYSE:NEE opened at $70.72 on Tuesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The firm’s 50-day moving average price is $70.48 and its 200-day moving average price is $76.50. The company has a market capitalization of $145.48 billion, a PE ratio of 20.99, a P/E/G ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. On average, equities analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be given a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date is Friday, February 28th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s dividend payout ratio (DPR) is 67.06%.

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.