Invenio Wealth Partners LLC Sells 7,470 Shares of NextEra Energy, Inc. (NYSE:NEE)

Invenio Wealth Partners LLC trimmed its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 71.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,953 shares of the utilities provider’s stock after selling 7,470 shares during the quarter. Invenio Wealth Partners LLC’s holdings in NextEra Energy were worth $212,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Burkett Financial Services LLC boosted its holdings in shares of NextEra Energy by 1,229.6% during the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after buying an additional 332 shares during the period. Sugar Maple Asset Management LLC acquired a new stake in NextEra Energy during the fourth quarter worth approximately $28,000. Quarry LP bought a new stake in shares of NextEra Energy during the third quarter worth approximately $33,000. WealthTrak Capital Management LLC bought a new position in shares of NextEra Energy during the fourth quarter worth approximately $33,000. Finally, Luken Investment Analytics LLC acquired a new stake in NextEra Energy during the 4th quarter worth approximately $36,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CAO James Michael May sold 2,383 shares of the business’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 sale, the chief accounting officer now owns 27,427 shares of the company’s stock, valued at $1,867,504.43. The trade was a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on NEE shares. Morgan Stanley boosted their target price on shares of NextEra Energy from $95.00 to $97.00 and gave the company an “overweight” rating in a research report on Thursday, March 20th. BMO Capital Markets increased their price target on NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Jefferies Financial Group dropped their price target on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Scotiabank raised their target price 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, JPMorgan Chase & Co. lifted their price objective on shares of NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research note on Tuesday, March 11th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $85.92.

NextEra Energy Trading Up 0.7 %

NYSE NEE opened at $70.92 on Tuesday. The company has a market cap of $145.87 billion, a price-to-earnings ratio of 21.04, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a twelve month low of $61.31 and a twelve month high of $86.10. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The business’s fifty day moving average is $70.67 and its 200 day moving average is $74.99.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results 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 return on equity of 11.85% and a net margin of 28.06%. As a group, sell-side analysts expect 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 was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were given a $0.5665 dividend. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend was Friday, February 28th. NextEra Energy’s dividend payout ratio is 67.06%.

NextEra Energy 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.