Carret Asset Management LLC Sells 599 Shares of NextEra Energy, Inc. (NYSE:NEE)

Carret Asset Management LLC reduced its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,962 shares of the utilities provider’s stock after selling 599 shares during the period. Carret Asset Management LLC’s holdings in NextEra Energy were worth $1,144,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Analyst IMS Investment Management Services Ltd. grew its holdings in shares of NextEra Energy by 10.6% during the fourth quarter. Analyst IMS Investment Management Services Ltd. now owns 39,024 shares of the utilities provider’s stock worth $2,797,000 after purchasing an additional 3,739 shares during the last quarter. Wellington Shields Capital Management LLC grew its holdings in shares of NextEra Energy by 612.1% during the fourth quarter. Wellington Shields Capital Management LLC now owns 230,271 shares of the utilities provider’s stock worth $16,508,000 after purchasing an additional 197,932 shares during the last quarter. Renasant Bank grew its holdings in shares of NextEra Energy by 14.8% during the fourth quarter. Renasant Bank now owns 13,751 shares of the utilities provider’s stock worth $986,000 after purchasing an additional 1,769 shares during the last quarter. LBP AM SA lifted its stake in shares of NextEra Energy by 119.5% in the fourth 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. Finally, Integras Partners LLC acquired a new position in shares of NextEra Energy in the fourth quarter worth approximately $684,000. 78.72% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CAO James Michael May sold 2,383 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on NEE shares. BMO Capital Markets lifted their price objective on NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Scotiabank lifted their price objective on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Evercore ISI cut their price objective on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research note on Monday, January 27th. Jefferies Financial Group cut their price objective on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Finally, Morgan Stanley lifted their price objective on NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, NextEra Energy has an average rating of “Hold” and an average price target of $85.92.

NextEra Energy Trading Up 1.2 %

NYSE NEE opened at $73.59 on Friday. The company has a market cap of $151.37 billion, a price-to-earnings ratio of 21.84, a P/E/G ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a 52 week low of $58.88 and a 52 week high of $86.10. The business has a 50 day moving average price of $70.51 and a 200-day moving average price of $75.87. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data 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 return on equity of 11.85% and a net margin of 28.06%. As a group, equities analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.5665 per share. This is an increase 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 3.08%. NextEra Energy’s payout ratio is currently 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.