Congress Wealth Management LLC DE Sells 32,166 Shares of NextEra Energy, Inc. (NYSE:NEE)

Congress Wealth Management LLC DE lowered its stake in NextEra Energy, Inc. (NYSE:NEE) by 10.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 280,935 shares of the utilities provider’s stock after selling 32,166 shares during the period. Congress Wealth Management LLC DE’s holdings in NextEra Energy were worth $20,140,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Howard Capital Management Group LLC grew its position in NextEra Energy by 1.8% in the third quarter. Howard Capital Management Group LLC now owns 299,215 shares of the utilities provider’s stock valued at $25,293,000 after acquiring an additional 5,409 shares during the last quarter. Quest Partners LLC bought a new position in NextEra Energy in the third quarter valued at about $183,000. Swedbank AB grew its position in NextEra Energy by 33.2% in the third quarter. Swedbank AB now owns 661,623 shares of the utilities provider’s stock valued at $55,927,000 after acquiring an additional 164,737 shares during the last quarter. Larson Financial Group LLC grew its position in NextEra Energy by 55.7% in the third quarter. Larson Financial Group LLC now owns 11,389 shares of the utilities provider’s stock valued at $963,000 after acquiring an additional 4,076 shares during the last quarter. Finally, Alpha DNA Investment Management LLC grew its position in NextEra Energy by 89.1% in the third quarter. Alpha DNA Investment Management LLC now owns 51,965 shares of the utilities provider’s stock valued at $4,393,000 after acquiring an additional 24,478 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the business’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 directly owns 27,427 shares of the company’s stock, valued at approximately $1,867,504.43. The trade was a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.18% of the company’s stock.

NextEra Energy Price Performance

NextEra Energy stock opened at $70.92 on Monday. The stock’s 50 day moving average is $70.62 and its 200 day moving average is $75.49. 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 $145.87 billion, a P/E ratio of 21.04, a P/E/G ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a one year low of $61.30 and a one year high of $86.10.

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

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were paid a $0.5665 dividend. 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 annualized dividend and a yield of 3.20%. NextEra Energy’s payout ratio is 67.06%.

Analyst Upgrades and Downgrades

NEE has been the topic of a number of recent analyst reports. BMO Capital Markets lifted their target price on NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. JPMorgan Chase & Co. lifted their target price on NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. Guggenheim restated a “buy” rating and set a $89.00 price target on shares of NextEra Energy in a report on Thursday. Morgan Stanley boosted their price target on NextEra Energy from $95.00 to $97.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Scotiabank boosted their price target on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $85.92.

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.