Donaldson Capital Management LLC Trims Holdings in NextEra Energy, Inc. (NYSE:NEE)

Donaldson Capital Management LLC decreased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 76.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 159,007 shares of the utilities provider’s stock after selling 526,714 shares during the quarter. Donaldson Capital Management LLC’s holdings in NextEra Energy were worth $11,399,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. SPX Gestao de Recursos Ltda purchased a new stake in NextEra Energy in the 4th quarter valued at $1,792,000. King Luther Capital Management Corp raised its position in NextEra Energy by 1.2% in the 4th quarter. King Luther Capital Management Corp now owns 19,460 shares of the utilities provider’s stock valued at $1,395,000 after purchasing an additional 228 shares during the last quarter. Citizens Financial Group Inc. RI raised its position in NextEra Energy by 3.0% in the 4th quarter. Citizens Financial Group Inc. RI now owns 197,638 shares of the utilities provider’s stock valued at $14,169,000 after purchasing an additional 5,706 shares during the last quarter. Sage Mountain Advisors LLC raised its position in NextEra Energy by 5.0% in the 4th quarter. Sage Mountain Advisors LLC now owns 13,473 shares of the utilities provider’s stock valued at $966,000 after purchasing an additional 640 shares during the last quarter. Finally, Riverbend Wealth Management LLC purchased a new stake in NextEra Energy in the 4th quarter valued at $511,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insider Activity at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total transaction of $162,258.47. Following the sale, the chief accounting officer now directly owns 27,427 shares of the company’s stock, valued at $1,867,504.43. This trade represents a 7.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.18% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

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

NextEra Energy Price Performance

Shares of NYSE NEE opened at $76.14 on Tuesday. The stock has a market cap of $156.62 billion, a price-to-earnings ratio of 22.59, a PEG ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a 52 week low of $56.55 and a 52 week high of $86.10. The company’s 50-day moving average price is $70.39 and its 200 day moving average price is $76.01. 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 (NYSE:NEE) last issued its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, meeting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. As a group, research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be paid a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 2.98%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Friday, February 28th. NextEra Energy’s dividend payout ratio is presently 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.