Lokken Investment Group LLC Sells 424 Shares of NextEra Energy, Inc. (NYSE:NEE)

Lokken Investment Group LLC cut its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,973 shares of the utilities provider’s stock after selling 424 shares during the quarter. Lokken Investment Group LLC’s holdings in NextEra Energy were worth $1,647,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of NEE. Burkett Financial Services LLC boosted 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 in the last quarter. Sugar Maple Asset Management LLC bought a new stake in NextEra Energy in the 4th quarter valued at about $28,000. Quarry LP acquired a new position in NextEra Energy during the 3rd quarter worth approximately $33,000. WealthTrak Capital Management LLC bought a new position in NextEra Energy in the fourth quarter worth approximately $33,000. Finally, Luken Investment Analytics LLC acquired a new stake in NextEra Energy in the fourth quarter valued at approximately $36,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total value of $162,258.47. Following the sale, the chief accounting officer now directly owns 27,427 shares in the company, valued at $1,867,504.43. The trade was a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.18% of the stock is owned by company insiders.

Analyst Ratings Changes

NEE has been the topic of a number of recent research reports. JPMorgan Chase & Co. increased their target price on NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a report on Tuesday, March 11th. Guggenheim reaffirmed a “buy” rating and issued a $89.00 price objective on shares of NextEra Energy in a research note on Thursday, March 20th. Morgan Stanley boosted their target price on shares of NextEra Energy from $95.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, March 20th. BMO Capital Markets raised their price target on shares of NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Finally, Jefferies Financial Group decreased their price objective on NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $85.92.

NextEra Energy Stock Up 0.7 %

NEE stock opened at $70.92 on Tuesday. The stock has a market cap of $145.87 billion, a P/E ratio of 21.04, a P/E/G ratio of 2.45 and a beta of 0.58. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The stock’s fifty day simple moving average is $70.67 and its two-hundred day simple moving average is $74.99. NextEra Energy, Inc. has a 1-year low of $61.31 and a 1-year high of $86.10.

NextEra Energy (NYSE:NEE) last issued 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%. Analysts expect 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 was paid on Monday, March 17th. Investors of record on Friday, February 28th were issued a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend was Friday, February 28th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s payout ratio is 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.