Carret Asset Management LLC lowered its stake in shares of NextEra Energy, Inc. (NYSE:NEE – Free Report) 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 %
NextEra Energy (NYSE:NEE – Get Free Report) 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.
Get Our Latest Stock Analysis on NEE
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.
See Also
- Five stocks we like better than NextEra Energy
- Election Stocks: How Elections Affect the Stock Market
- Rubrik Stock’s V-Bottom Reversal Signals a Major Rally Ahead
- How to Invest in the FAANG Stocks
- How Super Micro Computer Stock Is Defying the Market Sell-Off
- 3 Stocks to Consider Buying in October
- AppLovin vs. HPE: Which Tech Stock Can Bounce Back Faster?
Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy, Inc. (NYSE:NEE – Free Report).
Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.