Roffman Miller Associates Inc. PA Cuts Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Roffman Miller Associates Inc. PA cut its stake in NextEra Energy, Inc. (NYSE:NEE) by 10.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,914 shares of the utilities provider’s stock after selling 1,821 shares during the period. Roffman Miller Associates Inc. PA’s holdings in NextEra Energy were worth $1,141,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Burkett Financial Services LLC boosted its stake in shares of NextEra Energy by 1,229.6% in 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 period. Reston Wealth Management LLC acquired a new stake in NextEra Energy in the third quarter valued at approximately $27,000. Sugar Maple Asset Management LLC purchased a new position in NextEra Energy in the fourth quarter worth approximately $28,000. Quarry LP acquired a new position in NextEra Energy during the 3rd quarter worth approximately $33,000. Finally, Luken Investment Analytics LLC purchased a new stake in shares of NextEra Energy in the 4th quarter valued at approximately $36,000. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Price Performance

NEE stock opened at $71.74 on Monday. 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 company has a market capitalization of $147.56 billion, a P/E ratio of 21.29, a PEG ratio of 2.45 and a beta of 0.58. The business has a 50 day simple moving average of $70.53 and a 200-day simple moving average of $76.55. NextEra Energy, Inc. has a twelve month low of $53.95 and a twelve month high of $86.10.

NextEra Energy (NYSE:NEE) last released 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 net margin of 28.06% and a return on equity of 11.85%. As a group, equities analysts anticipate 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 issued a dividend of $0.5665 per share. The ex-dividend date is Friday, February 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.16%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s dividend payout ratio (DPR) is currently 67.06%.

Insider Activity at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 27,427 shares in the company, valued at approximately $1,867,504.43. This trade represents a 7.99 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Jefferies Financial Group decreased their price objective on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Scotiabank lifted their price target on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. dropped their price objective on NextEra Energy from $99.00 to $90.00 in a report on Monday, January 27th. Morgan Stanley raised their target price on NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, BMO Capital Markets upped their price target on NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, NextEra Energy presently has a consensus rating of “Hold” and a consensus price target of $85.85.

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.