International Assets Investment Management LLC Lowers Position in NextEra Energy, Inc. (NYSE:NEE)

International Assets Investment Management LLC decreased its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 98.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,165 shares of the utilities provider’s stock after selling 3,816,043 shares during the period. International Assets Investment Management LLC’s holdings in NextEra Energy were worth $3,234,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Semmax Financial Advisors Inc. grew its stake in shares of NextEra Energy by 197.4% in the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 225 shares in the last quarter. Burkett Financial Services LLC grew its position in 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 purchasing an additional 332 shares in the last quarter. Reston Wealth Management LLC purchased a new stake in NextEra Energy in the 3rd quarter valued at about $27,000. Valley Wealth Managers Inc. purchased a new position in shares of NextEra Energy in the 2nd quarter worth approximately $33,000. Finally, Quarry LP bought a new position in shares of NextEra Energy in the third quarter valued at approximately $33,000. Institutional investors own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

NEE has been the topic of a number of recent analyst reports. Guggenheim lifted their price target on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Scotiabank lifted their target price 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 reduced their price target on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a research report on Friday, November 22nd. Barclays boosted their target price on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Finally, Dbs Bank lowered shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, NextEra Energy has a consensus rating of “Hold” and a consensus price target of $87.15.

Insider Transactions at NextEra Energy

In related news, EVP Nicole J. Daggs sold 4,007 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the sale, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at $1,193,401.44. This trade represents a 20.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.18% of the company’s stock.

NextEra Energy Price Performance

NYSE:NEE traded down $0.88 during midday trading on Wednesday, hitting $69.55. The company had a trading volume of 1,221,944 shares, compared to its average volume of 5,407,372. The stock’s fifty day moving average price is $74.77 and its 200-day moving average price is $77.41. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $143.02 billion, a PE ratio of 20.58, a P/E/G ratio of 2.66 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.05. The business had revenue of $7.57 billion during the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. NextEra Energy’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.94 earnings per share. As a group, research analysts expect that NextEra Energy, Inc. will post 3.41 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 22nd were paid a dividend of $0.515 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.96%. NextEra Energy’s dividend payout ratio (DPR) is currently 60.95%.

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.