Weaver C. Barksdale & Associates Inc. Reduces Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Weaver C. Barksdale & Associates Inc. cut its holdings in NextEra Energy, Inc. (NYSE:NEE) by 2.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,535 shares of the utilities provider’s stock after selling 709 shares during the period. NextEra Energy comprises about 2.0% of Weaver C. Barksdale & Associates Inc.’s holdings, making the stock its 17th largest position. Weaver C. Barksdale & Associates Inc.’s holdings in NextEra Energy were worth $2,046,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Account Management LLC lifted its holdings in shares of NextEra Energy by 6.6% in the fourth quarter. Account Management LLC now owns 68,065 shares of the utilities provider’s stock valued at $4,880,000 after purchasing an additional 4,225 shares in the last quarter. Excalibur Management Corp grew its position in shares of NextEra Energy by 32.4% in the fourth quarter. Excalibur Management Corp now owns 9,043 shares of the utilities provider’s stock valued at $648,000 after purchasing an additional 2,213 shares during the period. Parametrica Management Ltd purchased a new position in shares of NextEra Energy during the 4th quarter worth about $237,000. Ausdal Financial Partners Inc. raised its stake in NextEra Energy by 14.8% during the fourth quarter. Ausdal Financial Partners Inc. now owns 6,776 shares of the utilities provider’s stock worth $486,000 after purchasing an additional 871 shares during the period. Finally, Financial Engines Advisors L.L.C. boosted its holdings in NextEra Energy by 149.6% in the fourth quarter. Financial Engines Advisors L.L.C. now owns 12,375 shares of the utilities provider’s stock valued at $887,000 after acquiring an additional 7,418 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at NextEra Energy

In related news, CAO James Michael May sold 2,383 shares of the business’s stock in a transaction that occurred 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 directly owns 27,427 shares in the company, valued at $1,867,504.43. The trade was a 7.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Scotiabank boosted 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 note on Thursday, December 12th. Evercore ISI lowered their price objective on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research note on Monday, January 27th. Guggenheim restated a “buy” rating and issued a $89.00 target price on shares of NextEra Energy in a research note on Thursday, March 20th. 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 note on Thursday, March 20th. Finally, Jefferies Financial Group decreased their target price on 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 stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $85.92.

NextEra Energy Stock Down 2.0 %

NEE stock opened at $68.70 on Wednesday. The firm’s 50-day moving average is $70.70 and its two-hundred day moving average is $75.34. The company has a market capitalization of $141.32 billion, a price-to-earnings ratio of 20.39, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a 52 week low of $61.30 and a 52 week high of $86.10. 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 announced its 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 return on equity of 11.85% and a net margin of 28.06%. On average, 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 declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were given a $0.5665 dividend. The ex-dividend date was Friday, February 28th. 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 3.30%. NextEra Energy’s payout ratio is 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.