West Coast Financial LLC Sells 1,031 Shares of NextEra Energy, Inc. (NYSE:NEE)

West Coast Financial LLC reduced its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 11.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 8,290 shares of the utilities provider’s stock after selling 1,031 shares during the quarter. West Coast Financial LLC’s holdings in NextEra Energy were worth $594,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Hennion & Walsh Asset Management Inc. lifted its stake in NextEra Energy by 153.9% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 20,357 shares of the utilities provider’s stock valued at $1,459,000 after buying an additional 12,339 shares during the period. StrongBox Wealth LLC boosted its stake in NextEra Energy by 2.1% during the 4th quarter. StrongBox Wealth LLC now owns 62,333 shares of the utilities provider’s stock worth $4,469,000 after acquiring an additional 1,301 shares during the last quarter. Northside Capital Management LLC boosted its position in shares of NextEra Energy by 32.3% during the fourth quarter. Northside Capital Management LLC now owns 3,279 shares of the utilities provider’s stock worth $235,000 after purchasing an additional 800 shares in the last quarter. Financial Enhancement Group LLC increased its holdings in shares of NextEra Energy by 77.4% in the fourth quarter. Financial Enhancement Group LLC now owns 91,373 shares of the utilities provider’s stock worth $6,118,000 after acquiring an additional 39,870 shares in the last quarter. Finally, Brady Family Wealth LLC lifted its holdings in shares of NextEra Energy by 1.0% during the 4th quarter. Brady Family Wealth LLC now owns 21,056 shares of the utilities provider’s stock valued at $1,509,000 after purchasing an additional 218 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Transactions at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were 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 approximately $1,193,401.44. This represents a 20.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.18% of the company’s stock.

NextEra Energy Stock Down 0.1 %

Shares of NYSE NEE opened at $69.25 on Thursday. NextEra Energy, Inc. has a 52 week low of $53.95 and a 52 week high of $86.10. The stock’s fifty day moving average is $73.79 and its 200 day moving average is $77.26. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.33 and a current ratio of 0.41. The stock has a market capitalization of $142.41 billion, a P/E ratio of 20.49, a PEG ratio of 2.26 and a beta of 0.58.

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

NextEra Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 22nd were issued a $0.515 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a yield of 2.97%. NextEra Energy’s payout ratio is presently 60.95%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Dbs Bank lowered shares of NextEra Energy from a “strong-buy” rating to a “hold” rating in a report on Friday, September 27th. Scotiabank boosted their price target on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. BMO Capital Markets increased their price objective on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Royal Bank of Canada downgraded NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Finally, Barclays boosted their price objective on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, NextEra Energy presently has a consensus rating of “Hold” and a consensus price target of $87.15.

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.