Amalgamated Bank Sells 2,175 Shares of NextEra Energy, Inc. (NYSE:NEE)

Amalgamated Bank decreased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 406,610 shares of the utilities provider’s stock after selling 2,175 shares during the quarter. Amalgamated Bank’s holdings in NextEra Energy were worth $29,150,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of NEE. Nordea Investment Management AB increased its stake in NextEra Energy by 20.9% in the 4th quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock valued at $634,703,000 after buying an additional 1,525,436 shares during the last quarter. National Bank of Canada FI raised its holdings in NextEra Energy by 167.7% in the 3rd quarter. National Bank of Canada FI now owns 2,186,225 shares of the utilities provider’s stock valued at $184,795,000 after acquiring an additional 1,369,689 shares in the last quarter. Geode Capital Management LLC raised its position in NextEra Energy by 2.0% during the third quarter. Geode Capital Management LLC now owns 42,418,748 shares of the utilities provider’s stock valued at $3,571,650,000 after purchasing an additional 820,704 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of NextEra Energy by 4.2% in the 4th quarter. Bank of New York Mellon Corp now owns 14,523,786 shares of the utilities provider’s stock valued at $1,041,210,000 after purchasing an additional 588,038 shares in the last quarter. Finally, RWC Asset Management LLP increased its stake in shares of NextEra Energy by 313.0% in the fourth quarter. RWC Asset Management LLP now owns 673,317 shares of the utilities provider’s stock valued at $48,270,000 after buying an additional 510,302 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NextEra Energy

In related news, CAO James Michael May sold 2,383 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total transaction of $162,258.47. Following the transaction, the chief accounting officer now directly owns 27,427 shares in the company, 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 the SEC website. 0.18% of the stock is owned by corporate insiders.

NextEra Energy Trading Down 1.2 %

NYSE NEE opened at $70.72 on Tuesday. The company has a market capitalization of $145.48 billion, a price-to-earnings ratio of 20.99, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. 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, Inc. has a one year low of $53.95 and a one year high of $86.10. The company’s 50-day simple moving average is $70.48 and its two-hundred day simple moving average is $76.50.

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

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be issued a $0.5665 dividend. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date is Friday, February 28th. This represents a $2.27 dividend on an annualized basis and a yield of 3.20%. NextEra Energy’s dividend payout ratio is presently 67.06%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Jefferies Financial Group decreased their price target on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. BMO Capital Markets upped their target price on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Scotiabank lifted 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 upped their price target on shares of NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Finally, Evercore ISI decreased their price target on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research note on Monday, January 27th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $85.85.

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.