Intact Investment Management Inc. Sells 121,380 Shares of NextEra Energy, Inc. (NYSE:NEE)

Intact Investment Management Inc. trimmed its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 60.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 78,300 shares of the utilities provider’s stock after selling 121,380 shares during the period. Intact Investment Management Inc.’s holdings in NextEra Energy were worth $5,613,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Wellington Shields Capital Management LLC lifted its holdings in shares of NextEra Energy by 612.1% during the 4th quarter. Wellington Shields Capital Management LLC now owns 230,271 shares of the utilities provider’s stock worth $16,508,000 after acquiring an additional 197,932 shares during the period. Renasant Bank lifted its holdings in shares of NextEra Energy by 14.8% during the 4th quarter. Renasant Bank now owns 13,751 shares of the utilities provider’s stock worth $986,000 after acquiring an additional 1,769 shares during the period. LBP AM SA lifted its holdings in shares of NextEra Energy by 119.5% during the 4th quarter. LBP AM SA now owns 598,406 shares of the utilities provider’s stock worth $42,900,000 after acquiring an additional 325,840 shares during the period. Integras Partners LLC bought a new position in shares of NextEra Energy during the 4th quarter worth about $684,000. Finally, Madison Investment Advisors LLC bought a new position in shares of NextEra Energy during the 4th quarter worth about $50,394,000. 78.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on NEE shares. Jefferies Financial Group cut their price target on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. JPMorgan Chase & Co. lifted their price target on shares of NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday. BMO Capital Markets lifted their price target on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Scotiabank lifted their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Finally, Evercore ISI cut their price target on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a report on Monday, January 27th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $85.92.

NextEra Energy Trading Down 0.3 %

NEE opened at $72.70 on Friday. NextEra Energy, Inc. has a 1-year low of $58.88 and a 1-year high of $86.10. The firm has a 50-day moving average price of $70.48 and a two-hundred day moving average price of $75.92. 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 has a market capitalization of $149.55 billion, a PE ratio of 21.57, a PEG ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, hitting 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 earnings per share 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 given a dividend of $0.5665 per share. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date is Friday, February 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.12%. NextEra Energy’s payout ratio is currently 67.06%.

Insider Transactions at NextEra Energy

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

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.