Coastline Trust Co Decreases Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Coastline Trust Co lowered its holdings in NextEra Energy, Inc. (NYSE:NEE) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,045 shares of the utilities provider’s stock after selling 184 shares during the period. Coastline Trust Co’s holdings in NextEra Energy were worth $505,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of NEE. Burkett Financial Services LLC boosted its holdings in shares of NextEra Energy by 1,229.6% in the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after buying an additional 332 shares during the last quarter. Sugar Maple Asset Management LLC bought a new stake in NextEra Energy in the fourth quarter worth about $28,000. WealthTrak Capital Management LLC purchased a new position in NextEra Energy in the fourth quarter valued at about $33,000. Luken Investment Analytics LLC bought a new position in shares of NextEra Energy during the 4th quarter valued at approximately $36,000. Finally, Midwest Capital Advisors LLC purchased a new stake in shares of NextEra Energy during the 4th quarter worth approximately $44,000. Institutional investors own 78.72% of the company’s stock.

Insiders Place Their Bets

In other news, CAO James Michael May sold 2,383 shares of the company’s 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 owns 27,427 shares of the company’s stock, valued at approximately $1,867,504.43. This represents a 7.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.18% of the stock is owned by insiders.

Wall Street Analyst Weigh In

NEE has been the topic of several research analyst reports. Guggenheim reiterated a “buy” rating and issued a $89.00 price objective on shares of NextEra Energy in a research note on Thursday, March 20th. Erste Group Bank upgraded NextEra Energy to a “strong-buy” rating in a research note on Wednesday. Morgan Stanley lowered their price objective on NextEra Energy from $97.00 to $94.00 and set an “overweight” rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. increased their target price on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 11th. Finally, BMO Capital Markets lowered their price target on shares of NextEra Energy from $84.00 to $77.00 and set an “outperform” rating on the stock in a research report on Monday, April 14th. Eight analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, NextEra Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.15.

NextEra Energy Stock Performance

NYSE:NEE opened at $66.29 on Friday. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve 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. The stock has a market cap of $136.47 billion, a P/E ratio of 19.67, a PEG ratio of 2.45 and a beta of 0.58. The business’s 50-day moving average price is $69.63 and its two-hundred day moving average price is $73.22.

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, equities analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were issued a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.42%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date was Friday, February 28th. NextEra Energy’s dividend payout ratio (DPR) 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.