CFO4Life Group LLC Decreases Holdings in NextEra Energy, Inc. (NYSE:NEE)

CFO4Life Group LLC reduced its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,683 shares of the utilities provider’s stock after selling 447 shares during the period. CFO4Life Group LLC’s holdings in NextEra Energy were worth $694,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Burkett Financial Services LLC raised its position 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 worth $26,000 after purchasing an additional 332 shares during the last quarter. Sugar Maple Asset Management LLC acquired a new position in shares of NextEra Energy during the 4th quarter worth approximately $28,000. Quarry LP acquired a new position in shares of NextEra Energy during the 3rd quarter worth approximately $33,000. Luken Investment Analytics LLC acquired a new position in shares of NextEra Energy during the 4th quarter worth approximately $36,000. Finally, Midwest Capital Advisors LLC acquired a new position in shares of NextEra Energy during the 4th quarter worth approximately $44,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Down 1.3 %

Shares of NYSE NEE opened at $73.03 on Thursday. NextEra Energy, Inc. has a 52-week low of $58.88 and a 52-week high of $86.10. The firm has a fifty day moving average of $70.46 and a 200-day moving average of $75.95. The stock has a market capitalization of $150.23 billion, a PE ratio of 21.67, a P/E/G ratio of 2.45 and a beta of 0.58. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. On average, analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be given a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 3.10%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date is Friday, February 28th. NextEra Energy’s dividend payout ratio is 67.06%.

Wall Street Analysts Forecast Growth

NEE has been the subject of several research reports. Jefferies Financial Group cut their price objective on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. BMO Capital Markets boosted their price target on NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Morgan Stanley boosted their price target on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Scotiabank boosted their price target on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. boosted their price target on NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $85.92.

Insider Buying and Selling

In related news, CAO James Michael May sold 2,383 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were 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 directly owns 27,427 shares of the company’s stock, 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 Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is owned by corporate insiders.

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.