Motley Fool Wealth Management LLC Sells 5,776 Shares of NextEra Energy, Inc. (NYSE:NEE)

Motley Fool Wealth Management LLC decreased its position in NextEra Energy, Inc. (NYSE:NEE) by 4.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 136,848 shares of the utilities provider’s stock after selling 5,776 shares during the quarter. Motley Fool Wealth Management LLC’s holdings in NextEra Energy were worth $9,658,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Boston Partners bought a new position in NextEra Energy in the fourth quarter valued at approximately $244,169,000. Amundi lifted its holdings in NextEra Energy by 49.8% during the 4th quarter. Amundi now owns 9,543,552 shares of the utilities provider’s stock worth $676,008,000 after buying an additional 3,172,405 shares during the period. Vanguard Group Inc. increased its position in shares of NextEra Energy by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 205,297,225 shares of the utilities provider’s stock worth $14,717,758,000 after buying an additional 2,090,538 shares during the period. Nordea Investment Management AB raised its position in shares of 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 worth $634,703,000 after acquiring an additional 1,525,436 shares in the last quarter. Finally, National Bank of Canada FI lifted its stake in NextEra Energy by 167.7% in the third quarter. National Bank of Canada FI now owns 2,186,225 shares of the utilities provider’s stock valued at $184,795,000 after buying an additional 1,369,689 shares during the period. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

NEE opened at $68.70 on Wednesday. NextEra Energy, Inc. has a 52-week low of $61.30 and a 52-week high of $86.10. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The firm’s fifty day simple moving average is $70.70 and its two-hundred day simple moving average is $75.34. The company has a market cap of $141.32 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last posted its earnings results 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%. Equities analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were issued a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date of this dividend was 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%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on NEE shares. Morgan Stanley lifted their price target on shares of NextEra Energy from $95.00 to $97.00 and gave the company an “overweight” rating in a research report on Thursday, March 20th. BMO Capital Markets boosted their price objective on NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Evercore ISI reduced their target price on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research report on Monday, January 27th. Guggenheim restated a “buy” rating and issued a $89.00 price objective on shares of NextEra Energy in a research note on Thursday, March 20th. Finally, Scotiabank lifted 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 investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, NextEra Energy presently has a consensus rating of “Hold” and a consensus price target of $85.92.

Insider Activity at NextEra Energy

In related news, CAO James Michael May sold 2,383 shares of the company’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 in the company, valued at approximately $1,867,504.43. This represents a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company 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.