Carret Asset Management LLC Sells 599 Shares of NextEra Energy, Inc. (NYSE:NEE)

Carret Asset Management LLC lowered its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,962 shares of the utilities provider’s stock after selling 599 shares during the quarter. Carret Asset Management LLC’s holdings in NextEra Energy were worth $1,144,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of NEE. Second Line Capital LLC lifted its position in shares of NextEra Energy by 4.7% in the third quarter. Second Line Capital LLC now owns 3,097 shares of the utilities provider’s stock worth $262,000 after buying an additional 139 shares in the last quarter. Drive Wealth Management LLC lifted its position in shares of NextEra Energy by 2.8% in the third quarter. Drive Wealth Management LLC now owns 5,332 shares of the utilities provider’s stock worth $451,000 after buying an additional 145 shares in the last quarter. Accel Wealth Management lifted its position in shares of NextEra Energy by 1.7% in the fourth quarter. Accel Wealth Management now owns 8,615 shares of the utilities provider’s stock worth $618,000 after buying an additional 145 shares in the last quarter. L.M. Kohn & Company lifted its position in shares of NextEra Energy by 1.0% in the fourth quarter. L.M. Kohn & Company now owns 15,353 shares of the utilities provider’s stock worth $1,101,000 after buying an additional 145 shares in the last quarter. Finally, 1ST Source Bank lifted its position in shares of NextEra Energy by 0.4% in the third quarter. 1ST Source Bank now owns 34,178 shares of the utilities provider’s stock worth $2,889,000 after buying an additional 147 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

Insider Activity

In other news, CAO James Michael May sold 2,383 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total transaction of $162,258.47. Following the completion of the sale, the chief accounting officer now owns 27,427 shares in the company, 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 SEC, which is accessible through this hyperlink. Company insiders own 0.18% of the company’s stock.

NextEra Energy Trading Up 1.2 %

NEE opened at $73.59 on Friday. The stock has a market cap of $151.37 billion, a price-to-earnings ratio of 21.84, a P/E/G ratio of 2.45 and a beta of 0.58. The stock’s 50 day moving average price is $70.51 and its 200-day moving average price is $75.87. NextEra Energy, Inc. has a one year low of $58.88 and a one year high of $86.10. 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 announced its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. On average, equities analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 3.08%. The ex-dividend date is Friday, February 28th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s dividend payout ratio is currently 67.06%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Evercore ISI reduced their price objective on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research note on Monday, January 27th. Scotiabank boosted their price objective 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. BMO Capital Markets boosted their price objective on NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Jefferies Financial Group reduced their price objective on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Finally, JPMorgan Chase & Co. boosted their price objective on NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a research note on Tuesday. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $85.92.

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.