NextEra Energy, Inc. (NYSE:NEE) Holdings Decreased by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co lessened its stake in NextEra Energy, Inc. (NYSE:NEE) by 5.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 184,464 shares of the utilities provider’s stock after selling 10,796 shares during the period. Elo Mutual Pension Insurance Co’s holdings in NextEra Energy were worth $13,224,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Second Line Capital LLC lifted its position in NextEra Energy by 4.7% during the third quarter. Second Line Capital LLC now owns 3,097 shares of the utilities provider’s stock worth $262,000 after acquiring an additional 139 shares during the last quarter. Accel Wealth Management increased its stake in shares of NextEra Energy by 1.7% during the fourth quarter. Accel Wealth Management now owns 8,615 shares of the utilities provider’s stock worth $618,000 after purchasing an additional 145 shares during the period. L.M. Kohn & Company lifted its holdings in NextEra Energy by 1.0% during the 4th quarter. L.M. Kohn & Company now owns 15,353 shares of the utilities provider’s stock worth $1,101,000 after purchasing an additional 145 shares during the last quarter. 1ST Source Bank grew its holdings in NextEra Energy by 0.4% in the 3rd quarter. 1ST Source Bank now owns 34,178 shares of the utilities provider’s stock valued at $2,889,000 after buying an additional 147 shares in the last quarter. Finally, Tortoise Investment Management LLC increased its position in NextEra Energy by 8.3% during the 4th quarter. Tortoise Investment Management LLC now owns 1,943 shares of the utilities provider’s stock worth $139,000 after buying an additional 149 shares during the period. 78.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NEE has been the subject of a number of recent research reports. Morgan Stanley boosted their target price on shares of NextEra Energy from $95.00 to $97.00 and gave the company an “overweight” rating in a research report on Thursday, March 20th. Jefferies Financial Group cut their price objective on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. BMO Capital Markets raised their target price on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. JPMorgan Chase & Co. boosted their price target on NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research note on Tuesday, March 11th. Finally, Scotiabank raised their price objective on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, NextEra Energy presently has an average rating of “Hold” and a consensus price target of $85.92.

Insider Activity at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction 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 sale, 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.18% of the stock is owned by corporate insiders.

NextEra Energy Stock Performance

NextEra Energy stock opened at $69.66 on Thursday. The business’s 50-day moving average price is $70.70 and its two-hundred day moving average price is $75.30. The stock has a market cap of $143.28 billion, a PE ratio of 20.67, a P/E/G ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a 12-month low of $61.31 and a 12-month 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.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results 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 net margin of 28.06% and a return on equity of 11.85%. As a group, analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were paid a $0.5665 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.25%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s payout ratio is currently 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.