Forte Capital LLC ADV Has $687,000 Holdings in NextEra Energy, Inc. (NYSE:NEE)

Forte Capital LLC ADV cut its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 10.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,586 shares of the utilities provider’s stock after selling 1,075 shares during the quarter. Forte Capital LLC ADV’s holdings in NextEra Energy were worth $687,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Burkett Financial Services LLC lifted its holdings in shares of NextEra Energy by 1,229.6% during the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after buying an additional 332 shares during the last quarter. Reston Wealth Management LLC acquired a new stake in shares of NextEra Energy during the 3rd quarter valued at about $27,000. Sugar Maple Asset Management LLC acquired a new stake in shares of NextEra Energy during the 4th quarter valued at about $28,000. Quarry LP acquired a new stake in shares of NextEra Energy during the 3rd quarter valued at about $33,000. Finally, Luken Investment Analytics LLC acquired a new stake in shares of NextEra Energy during the 4th quarter valued at about $36,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NEE has been the subject of several research reports. BMO Capital Markets lifted their price target on NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Morgan Stanley boosted their target price on NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Scotiabank boosted their target price on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Evercore ISI reduced their target price on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a report on Monday, January 27th. Finally, Barclays boosted their target price on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $85.85.

NextEra Energy Stock Performance

Shares of NYSE NEE opened at $71.74 on Friday. 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 business’s 50 day moving average is $70.53 and its two-hundred day moving average is $76.56. The company has a market cap of $147.56 billion, a P/E ratio of 21.29, a P/E/G ratio of 2.41 and a beta of 0.58. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10.

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

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be given a dividend of $0.5665 per share. The ex-dividend date is Friday, February 28th. This is a boost 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 3.16%. NextEra Energy’s payout ratio is currently 61.13%.

Insider Activity

In other news, CAO James Michael May sold 2,383 shares of the business’s stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 27,427 shares in the company, valued at approximately $1,867,504.43. The trade was a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.18% of the stock is currently owned by company insiders.

About NextEra Energy

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.