NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Fairhaven Wealth Management LLC

Fairhaven Wealth Management LLC cut its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 6.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 4,045 shares of the utilities provider’s stock after selling 257 shares during the period. Fairhaven Wealth Management LLC’s holdings in NextEra Energy were worth $290,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in NEE. Tandem Capital Management Corp ADV grew its position in NextEra Energy by 1.3% during the third quarter. Tandem Capital Management Corp ADV now owns 9,935 shares of the utilities provider’s stock worth $840,000 after buying an additional 125 shares during the period. Taylor & Morgan Wealth Management LLC grew its holdings in shares of 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 worth $655,000 after acquiring 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 purchasing an additional 126 shares in the last quarter. Boston Trust Walden Corp raised its holdings in NextEra Energy by 0.4% during the third quarter. Boston Trust Walden Corp now owns 30,720 shares of the utilities provider’s stock worth $2,597,000 after purchasing an additional 130 shares during the last quarter. Finally, Fiduciary Family Office LLC boosted its position in NextEra Energy by 1.0% during the third quarter. Fiduciary Family Office LLC now owns 13,496 shares of the utilities provider’s stock worth $1,141,000 after purchasing an additional 139 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insiders Place Their Bets

In other 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 transaction of $162,258.47. Following the completion of the sale, the chief accounting officer now directly owns 27,427 shares in the company, valued at $1,867,504.43. This represents a 7.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.18% of the stock is currently owned by insiders.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $70.72 on Tuesday. The business has a fifty day simple moving average of $70.48 and a 200-day simple moving average of $76.50. NextEra Energy, Inc. has a 52 week low of $53.95 and a 52 week high of $86.10. The company has a market cap of $145.48 billion, a P/E ratio of 20.99, 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 posted its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. Equities research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The business 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 is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.27 annualized dividend and a yield of 3.20%. NextEra Energy’s dividend payout ratio is 67.06%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on NEE. BMO Capital Markets raised their price target on NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Jefferies Financial Group cut their target price on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Morgan Stanley upped their price target on shares of NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Scotiabank raised their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Finally, JPMorgan Chase & Co. cut their price objective on NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Eight research 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 presently has a consensus rating of “Hold” and a consensus target price of $85.85.

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.