NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Patten Group Inc.

Patten Group Inc. reduced its holdings in NextEra Energy, Inc. (NYSE:NEE) by 5.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,482 shares of the utilities provider’s stock after selling 1,728 shares during the quarter. Patten Group Inc.’s holdings in NextEra Energy were worth $2,185,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Nicola Wealth Management LTD. lifted its position in shares of NextEra Energy by 13.6% during the 4th quarter. Nicola Wealth Management LTD. now owns 46,000 shares of the utilities provider’s stock valued at $3,298,000 after acquiring an additional 5,500 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of NextEra Energy by 2.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,630,784 shares of the utilities provider’s stock worth $977,191,000 after acquiring an additional 345,999 shares during the last quarter. Reaves W H & Co. Inc. raised its position in shares of NextEra Energy by 10.5% during the fourth quarter. Reaves W H & Co. Inc. now owns 1,665,627 shares of the utilities provider’s stock worth $119,408,000 after purchasing an additional 158,783 shares during the period. HFR Wealth Management LLC lifted its holdings in shares of NextEra Energy by 1.4% during the fourth quarter. HFR Wealth Management LLC now owns 127,640 shares of the utilities provider’s stock valued at $9,151,000 after purchasing an additional 1,799 shares during the last quarter. Finally, Schechter Investment Advisors LLC boosted its position in shares of NextEra Energy by 21.7% in the 4th quarter. Schechter Investment Advisors LLC now owns 25,655 shares of the utilities provider’s stock valued at $1,839,000 after purchasing an additional 4,571 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on NEE shares. Scotiabank boosted their price objective on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. BMO Capital Markets boosted their price target on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. JPMorgan Chase & Co. decreased their price objective on shares of NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Morgan Stanley boosted their target price on shares of NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Finally, Evercore ISI decreased their target price on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research report on Monday, January 27th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $85.85.

Insider Transactions at NextEra Energy

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 value 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 approximately $1,867,504.43. This represents a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.18% of the stock is currently owned by company insiders.

NextEra Energy Price Performance

NEE opened at $71.64 on Tuesday. The stock has a fifty day moving average price of $70.42 and a 200 day moving average price of $76.25. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. NextEra Energy, Inc. has a 1 year low of $53.95 and a 1 year high of $86.10. The stock has a market cap of $147.37 billion, a price-to-earnings ratio of 21.26, a PEG ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last announced its quarterly 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%. Analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be 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 is Friday, February 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.16%. NextEra Energy’s dividend payout ratio is 67.06%.

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.