Oxford Financial Group LTD. LLC Sells 474 Shares of NextEra Energy, Inc. (NYSE:NEE)

Oxford Financial Group LTD. LLC cut its stake in NextEra Energy, Inc. (NYSE:NEE) by 3.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 14,099 shares of the utilities provider’s stock after selling 474 shares during the period. Oxford Financial Group LTD. LLC’s holdings in NextEra Energy were worth $1,011,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Empowered Funds LLC lifted its position in NextEra Energy by 14.7% in the fourth quarter. Empowered Funds LLC now owns 45,566 shares of the utilities provider’s stock worth $3,267,000 after buying an additional 5,831 shares during the last quarter. Empower Advisory Group LLC lifted its position in NextEra Energy by 2.3% in the fourth quarter. Empower Advisory Group LLC now owns 1,823,327 shares of the utilities provider’s stock worth $130,714,000 after buying an additional 41,328 shares during the last quarter. Nordea Investment Management AB lifted its position in NextEra Energy by 20.9% in the fourth quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock worth $634,703,000 after buying an additional 1,525,436 shares during the last quarter. Czech National Bank lifted its position in NextEra Energy by 6.5% in the fourth quarter. Czech National Bank now owns 445,870 shares of the utilities provider’s stock worth $31,964,000 after buying an additional 27,340 shares during the last quarter. Finally, ST Germain D J Co. Inc. lifted its position in shares of NextEra Energy by 5.8% during the fourth quarter. ST Germain D J Co. Inc. now owns 171,735 shares of the utilities provider’s stock worth $12,312,000 after purchasing an additional 9,425 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors.

Insider Transactions at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of the business’s stock in a transaction dated 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on NEE shares. Guggenheim reiterated a “buy” rating and set a $89.00 target price on shares of NextEra Energy in a research report on Thursday. Morgan Stanley lifted their target price on NextEra Energy from $95.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday. BMO Capital Markets lifted their target price on NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Scotiabank lifted their target price on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. lifted their target price on NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 11th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, NextEra Energy has an average rating of “Hold” and an average target price of $85.92.

NextEra Energy Price Performance

NEE opened at $71.17 on Friday. The business’s 50-day moving average is $70.55 and its two-hundred day moving average is $75.63. NextEra Energy, Inc. has a 1 year low of $61.29 and a 1 year high of $86.10. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The firm has a market capitalization of $146.40 billion, a PE ratio of 21.12, a price-to-earnings-growth 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, meeting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. Research 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 declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were paid 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 was Friday, February 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.18%. NextEra Energy’s payout ratio is presently 67.06%.

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.