Compass Ion Advisors LLC Sells 458 Shares of NextEra Energy, Inc. (NYSE:NEE)

Compass Ion Advisors LLC lowered its position in NextEra Energy, Inc. (NYSE:NEE) by 1.3% during the 4th quarter, Holdings Channel reports. The fund owned 34,629 shares of the utilities provider’s stock after selling 458 shares during the period. Compass Ion Advisors LLC’s holdings in NextEra Energy were worth $2,483,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Burkett Financial Services LLC boosted its holdings in NextEra Energy by 1,229.6% in the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 332 shares in the last quarter. Sugar Maple Asset Management LLC bought a new position in NextEra Energy in the fourth quarter worth approximately $28,000. Quarry LP purchased a new stake in shares of NextEra Energy in the third quarter worth approximately $33,000. Luken Investment Analytics LLC purchased a new stake in shares of NextEra Energy in the fourth quarter worth approximately $36,000. Finally, Harvest Fund Management Co. Ltd raised its stake in shares of NextEra Energy by 2,482.6% in the third quarter. Harvest Fund Management Co. Ltd now owns 594 shares of the utilities provider’s stock worth $50,000 after purchasing an additional 571 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

NYSE:NEE opened at $70.63 on Wednesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The business has a fifty day simple moving average of $70.54 and a two-hundred day simple moving average of $75.70. NextEra Energy, Inc. has a 1 year low of $60.26 and a 1 year high of $86.10. The company has a market capitalization of $145.28 billion, a P/E ratio of 20.96, a P/E/G ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last released its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) 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%. On average, analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were issued a $0.5665 dividend. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date was Friday, February 28th. NextEra Energy’s dividend payout ratio (DPR) is presently 67.06%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NEE. Morgan Stanley increased their price objective on NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Evercore ISI lowered their price objective on 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. JPMorgan Chase & Co. increased 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, March 11th. BMO Capital Markets increased their price objective on NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Finally, Scotiabank increased their price target on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $85.92.

Insider Transactions at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total value of $162,258.47. Following the completion of the transaction, the chief accounting officer now directly owns 27,427 shares of the company’s stock, valued at $1,867,504.43. This trade represents a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.18% of the company’s stock.

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.