NextEra Energy, Inc. (NYSE:NEE) Stock Holdings Lowered by Cozad Asset Management Inc.

Cozad Asset Management Inc. reduced its holdings in NextEra Energy, Inc. (NYSE:NEE) by 1.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,490 shares of the utilities provider’s stock after selling 294 shares during the quarter. Cozad Asset Management Inc.’s holdings in NextEra Energy were worth $1,110,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in NEE. Howard Capital Management Group LLC raised its holdings in shares of NextEra Energy by 1.8% during the third quarter. Howard Capital Management Group LLC now owns 299,215 shares of the utilities provider’s stock valued at $25,293,000 after acquiring an additional 5,409 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of NextEra Energy during the third quarter valued at approximately $406,000. Empowered Funds LLC raised its holdings in shares of NextEra Energy by 8.1% during the third quarter. Empowered Funds LLC now owns 39,735 shares of the utilities provider’s stock valued at $3,359,000 after acquiring an additional 2,974 shares during the period. Atlanta Consulting Group Advisors LLC raised its holdings in shares of NextEra Energy by 6.8% during the third quarter. Atlanta Consulting Group Advisors LLC now owns 6,976 shares of the utilities provider’s stock valued at $590,000 after acquiring an additional 443 shares during the period. Finally, TrinityPoint Wealth LLC raised its holdings in shares of NextEra Energy by 2.7% during the third quarter. TrinityPoint Wealth LLC now owns 24,339 shares of the utilities provider’s stock valued at $2,057,000 after acquiring an additional 642 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Performance

NYSE:NEE opened at $72.15 on Tuesday. NextEra Energy, Inc. has a 1 year low of $59.44 and a 1 year high of $86.10. The firm’s fifty day simple moving average is $70.54 and its 200 day simple moving average is $75.77. 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 firm has a market capitalization of $148.41 billion, a PE ratio of 21.41, a PEG ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last posted its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (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%. On average, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were paid a $0.5665 dividend. The ex-dividend date of this dividend was Friday, February 28th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 dividend on an annualized basis and a yield of 3.14%. NextEra Energy’s dividend payout ratio (DPR) is presently 67.06%.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the 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 of the company’s stock, valued at $1,867,504.43. This represents a 7.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on NEE shares. JPMorgan Chase & Co. upped 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. Evercore ISI dropped their price objective on shares of 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. Morgan Stanley upped their price objective 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. BMO Capital Markets upped their price objective on shares of NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Finally, Jefferies Financial Group dropped their price objective on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, NextEra Energy presently has a consensus rating of “Hold” and an average price target of $85.92.

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.