NextEra Energy, Inc. (NYSE:NEE) Stock Position Decreased by Advisors Asset Management Inc.

Advisors Asset Management Inc. cut its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 268,747 shares of the utilities provider’s stock after selling 4,106 shares during the quarter. Advisors Asset Management Inc.’s holdings in NextEra Energy were worth $19,266,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Clarity Wealth Development LLC acquired a new stake in shares of NextEra Energy in the fourth quarter worth $202,000. PDS Planning Inc boosted its position in NextEra Energy by 5.0% during the fourth quarter. PDS Planning Inc now owns 13,971 shares of the utilities provider’s stock valued at $1,002,000 after purchasing an additional 667 shares during the last quarter. Mystic Asset Management Inc. boosted its position in NextEra Energy by 7.2% during the fourth quarter. Mystic Asset Management Inc. now owns 22,985 shares of the utilities provider’s stock valued at $1,648,000 after purchasing an additional 1,542 shares during the last quarter. Haven Capital Group Inc. bought a new position in NextEra Energy during the fourth quarter valued at about $1,062,000. Finally, Axxcess Wealth Management LLC raised its holdings in NextEra Energy by 0.8% during the fourth quarter. Axxcess Wealth Management LLC now owns 108,818 shares of the utilities provider’s stock valued at $7,801,000 after buying an additional 829 shares in the last quarter. 78.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on NEE shares. Morgan Stanley lifted their price objective on NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. boosted their price objective on NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 11th. Jefferies Financial Group cut their price objective on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Scotiabank boosted their price objective on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Finally, BMO Capital Markets boosted their price objective on NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, NextEra Energy has a consensus rating of “Hold” and a consensus price target of $85.92.

Insider Buying and Selling

In related news, CAO James Michael May sold 2,383 shares of the stock in a transaction that occurred 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 sale, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is owned by corporate insiders.

NextEra Energy Trading Down 1.9 %

NEE stock opened at $72.15 on Tuesday. NextEra Energy, Inc. has a 1-year low of $59.44 and a 1-year high of $86.10. The firm has a market cap of $148.41 billion, a P/E ratio of 21.41, a P/E/G ratio of 2.45 and a beta of 0.58. The business’s 50 day moving average is $70.54 and its 200-day moving average is $75.77. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. Equities analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were given a dividend of $0.5665 per share. The ex-dividend date was 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 3.14%. NextEra Energy’s dividend payout ratio is 67.06%.

About NextEra Energy

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.