DE Burlo Group Inc. Cuts Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

DE Burlo Group Inc. reduced its stake in NextEra Energy, Inc. (NYSE:NEE) by 6.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,500 shares of the utilities provider’s stock after selling 300 shares during the quarter. DE Burlo Group Inc.’s holdings in NextEra Energy were worth $323,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of NEE. Howard Capital Management Group LLC lifted its stake in NextEra Energy by 1.8% during the third quarter. Howard Capital Management Group LLC now owns 299,215 shares of the utilities provider’s stock worth $25,293,000 after purchasing an additional 5,409 shares during the last quarter. SOA Wealth Advisors LLC. increased its position in shares of NextEra Energy by 3.1% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 21,790 shares of the utilities provider’s stock valued at $1,842,000 after purchasing an additional 656 shares during the last quarter. Wealthquest Corp raised its holdings in shares of NextEra Energy by 4.8% during the 3rd quarter. Wealthquest Corp now owns 9,829 shares of the utilities provider’s stock valued at $838,000 after buying an additional 446 shares in the last quarter. Tudor Financial Inc. bought a new stake in NextEra Energy in the 3rd quarter worth approximately $742,000. Finally, Anchor Investment Management LLC boosted its stake in NextEra Energy by 4.5% in the third quarter. Anchor Investment Management LLC now owns 52,178 shares of the utilities provider’s stock worth $4,411,000 after buying an additional 2,252 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on NEE. Erste Group Bank upgraded shares of NextEra Energy to a “strong-buy” rating in a report on Wednesday, April 16th. Jefferies Financial Group cut their price target on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Evercore ISI decreased their price objective on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a report on Monday, January 27th. Wells Fargo & Company dropped their target price on NextEra Energy from $102.00 to $97.00 and set an “overweight” rating for the company in a report on Thursday. Finally, Guggenheim reaffirmed a “buy” rating and issued a $89.00 price target on shares of NextEra Energy in a research note on Thursday, March 20th. Eight analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $84.08.

Insider Transactions at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the business’s stock in a transaction 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 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 legal filing with the SEC, which can be accessed through this link. Insiders own 0.18% of the company’s stock.

NextEra Energy Stock Performance

NextEra Energy stock opened at $66.10 on Friday. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10. The stock has a market cap of $136.07 billion, a price-to-earnings ratio of 19.61, a PEG ratio of 2.45 and a beta of 0.58. The stock’s 50 day simple moving average is $69.41 and its two-hundred day simple moving average is $72.73. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, hitting the consensus estimate of $0.99. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. The company had revenue of $6.25 billion for the quarter, compared to analysts’ expectations of $6.58 billion. 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 firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were issued a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 3.43%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, February 28th. NextEra Energy’s dividend payout ratio (DPR) is presently 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.