Exchange Capital Management Inc. Decreases Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Exchange Capital Management Inc. cut its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,071 shares of the utilities provider’s stock after selling 160 shares during the quarter. Exchange Capital Management Inc.’s holdings in NextEra Energy were worth $794,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of NEE. Geode Capital Management LLC boosted its stake in shares of NextEra Energy by 2.0% during the third 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 during the period. Bank of New York Mellon Corp raised its holdings in NextEra Energy by 4.2% during the 4th quarter. Bank of New York Mellon Corp now owns 14,523,786 shares of the utilities provider’s stock valued at $1,041,210,000 after buying an additional 588,038 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in NextEra Energy by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 13,284,785 shares of the utilities provider’s stock valued at $1,122,963,000 after buying an additional 86,758 shares during the period. Nordea Investment Management AB grew its holdings in NextEra Energy by 20.9% in the 4th quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock worth $634,703,000 after acquiring an additional 1,525,436 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of NextEra Energy by 5.5% during the third quarter. Massachusetts Financial Services Co. MA now owns 8,630,775 shares of the utilities provider’s stock valued at $729,559,000 after acquiring an additional 452,590 shares during the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the company’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 completion of the transaction, the chief accounting officer now directly owns 27,427 shares in the company, valued at $1,867,504.43. This represents a 7.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.18% of the stock is owned by corporate insiders.

NextEra Energy Stock Performance

NEE opened at $71.28 on Wednesday. The company has a 50 day simple moving average of $70.46 and a two-hundred day simple moving average of $76.46. 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 has a market cap of $146.62 billion, a P/E ratio of 21.15, a PEG 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 released its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Equities analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently announced 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. The ex-dividend date is Friday, February 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.18%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s dividend payout ratio (DPR) is currently 67.06%.

Analyst Ratings Changes

NEE has been the subject of a number of analyst reports. BMO Capital Markets increased their target price on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Evercore ISI dropped 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 note on Monday, January 27th. Morgan Stanley increased their target price on NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Scotiabank boosted their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. dropped their price target on shares of NextEra Energy from $99.00 to $90.00 in a report on Monday, January 27th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $85.85.

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.