NextEra Energy, Inc. (NYSE:NEE) Shares Sold by VisionPoint Advisory Group LLC

VisionPoint Advisory Group LLC reduced its position in NextEra Energy, Inc. (NYSE:NEE) by 38.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,972 shares of the utilities provider’s stock after selling 4,412 shares during the quarter. VisionPoint Advisory Group LLC’s holdings in NextEra Energy were worth $499,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Tandem Capital Management Corp ADV increased its stake in NextEra Energy by 1.3% in the 3rd quarter. Tandem Capital Management Corp ADV now owns 9,935 shares of the utilities provider’s stock valued at $840,000 after buying an additional 125 shares during the period. Taylor & Morgan Wealth Management LLC increased its stake in NextEra Energy by 1.7% in the 3rd quarter. Taylor & Morgan Wealth Management LLC now owns 7,744 shares of the utilities provider’s stock valued at $655,000 after buying an additional 126 shares during the period. Insight Folios Inc increased its stake in NextEra Energy by 1.5% in the 3rd quarter. Insight Folios Inc now owns 8,439 shares of the utilities provider’s stock valued at $713,000 after buying an additional 126 shares during the period. Osborne Partners Capital Management LLC increased its stake in NextEra Energy by 1.2% in the 3rd quarter. Osborne Partners Capital Management LLC now owns 10,724 shares of the utilities provider’s stock valued at $906,000 after buying an additional 128 shares during the period. Finally, Boston Trust Walden Corp increased its stake in NextEra Energy by 0.4% in the 3rd quarter. Boston Trust Walden Corp now owns 30,720 shares of the utilities provider’s stock valued at $2,597,000 after buying an additional 130 shares during the period. 78.72% of the stock is 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 value of $162,258.47. Following the completion of the transaction, the chief accounting officer now owns 27,427 shares of the company’s stock, valued at approximately $1,867,504.43. The trade was a 7.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

NEE has been the topic of several recent research reports. BMO Capital Markets boosted their price objective on shares of NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Evercore ISI decreased their target price on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research report on Monday, January 27th. Jefferies Financial Group decreased their target price on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. JPMorgan Chase & Co. decreased their target price on shares of NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Finally, Scotiabank boosted their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $85.85.

NextEra Energy Price Performance

NextEra Energy stock opened at $70.12 on Friday. NextEra Energy, Inc. has a 52 week low of $53.95 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 50-day simple moving average is $70.56 and its 200 day simple moving average is $76.59. The firm has a market capitalization of $144.23 billion, a PE ratio of 20.81, a P/E/G ratio of 2.41 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. On average, equities research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be paid a $0.5665 dividend. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date is Friday, February 28th. This represents a $2.27 annualized dividend and a yield of 3.23%. NextEra Energy’s payout ratio is presently 61.13%.

NextEra Energy Company 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.