Maxwell Wealth Strategies Inc. Lowers Stake in NextEra Energy, Inc. (NYSE:NEE)

Maxwell Wealth Strategies Inc. cut its position in NextEra Energy, Inc. (NYSE:NEE) by 4.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,434 shares of the utilities provider’s stock after selling 460 shares during the period. Maxwell Wealth Strategies Inc.’s holdings in NextEra Energy were worth $748,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in NextEra Energy by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 205,297,225 shares of the utilities provider’s stock worth $14,717,758,000 after buying an additional 2,090,538 shares in the last quarter. Norges Bank purchased a new position in shares of NextEra Energy in the fourth quarter valued at about $3,484,197,000. Geode Capital Management LLC boosted its stake in shares of NextEra Energy by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 43,778,016 shares of the utilities provider’s stock worth $3,129,132,000 after acquiring an additional 1,359,268 shares during the period. Bank of New York Mellon Corp grew its position in shares of NextEra Energy by 4.2% during the fourth quarter. Bank of New York Mellon Corp now owns 14,523,786 shares of the utilities provider’s stock worth $1,041,210,000 after purchasing an additional 588,038 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of NextEra Energy by 2.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 13,630,784 shares of the utilities provider’s stock worth $977,191,000 after purchasing an additional 345,999 shares in the last quarter. 78.72% of the stock is currently owned by 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 dated Tuesday, February 18th. The shares were 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 in the company, valued at $1,867,504.43. This represents a 7.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.18% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have weighed in on NEE shares. Scotiabank upped their price target 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. Morgan Stanley increased their price target on NextEra Energy from $95.00 to $97.00 and gave the company an “overweight” rating in a research note on Thursday, March 20th. Jefferies Financial Group lowered their price objective on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Guggenheim restated a “buy” rating and issued a $89.00 target price on shares of NextEra Energy in a report on Thursday, March 20th. Finally, JPMorgan Chase & Co. increased their price target on shares of NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday, March 11th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $85.92.

NextEra Energy Stock Down 1.5 %

Shares of NYSE:NEE opened at $64.10 on Wednesday. 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 business has a 50 day simple moving average of $70.21 and a two-hundred day simple moving average of $74.26. NextEra Energy, Inc. has a 1 year low of $61.31 and a 1 year high of $86.10. The firm has a market capitalization of $131.94 billion, a PE ratio of 19.02, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58.

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

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were paid a $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 3.54%. The ex-dividend date was Friday, February 28th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s dividend payout ratio (DPR) is currently 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.