Bessemer Group Inc. Sells 540,704 Shares of NextEra Energy, Inc. (NYSE:NEE)

Bessemer Group Inc. decreased its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 6.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,706,442 shares of the utilities provider's stock after selling 540,704 shares during the period. NextEra Energy makes up about 0.9% of Bessemer Group Inc.'s investment portfolio, making the stock its 18th largest position. Bessemer Group Inc. owned 0.37% of NextEra Energy worth $552,472,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Burkett Financial Services LLC raised its holdings in shares of NextEra Energy by 1,229.6% in the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 332 shares in the last quarter. Sugar Maple Asset Management LLC purchased a new stake in shares of NextEra Energy during the fourth quarter worth $28,000. Quarry LP purchased a new position in NextEra Energy in the 3rd quarter worth approximately $33,000. WealthTrak Capital Management LLC acquired a new stake in shares of NextEra Energy in the fourth quarter valued at approximately $33,000. Finally, Luken Investment Analytics LLC acquired a new stake in shares of NextEra Energy in the 4th quarter worth $36,000. Hedge funds and other institutional investors own 78.72% of the company's stock.

Insider Activity

In other news, CAO James Michael May sold 2,383 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total transaction of $162,258.47. Following the transaction, the chief accounting officer now owns 27,427 shares in the company, valued at approximately $1,867,504.43. The trade was a 7.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.18% of the company's stock.

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Analysts Set New Price Targets

A number of research firms have commented on NEE. Evercore ISI reduced their target price on NextEra Energy from $84.00 to $79.00 and set an "in-line" rating on the stock in a research report on Monday, January 27th. Guggenheim reaffirmed a "buy" rating and set a $89.00 price objective on shares of NextEra Energy in a research report on Thursday, March 20th. Jefferies Financial Group decreased their price target on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. JPMorgan Chase & Co. boosted their price objective on NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a report on Tuesday, March 11th. Finally, Morgan Stanley boosted their price target on shares of NextEra Energy from $95.00 to $97.00 and gave the stock an "overweight" rating in a research note on Thursday, March 20th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $85.38.

NextEra Energy Stock Up 2.3 %

Shares of NextEra Energy stock traded up $1.51 during midday trading on Monday, hitting $67.32. The company's stock had a trading volume of 3,895,118 shares, compared to its average volume of 10,803,737. The firm has a market capitalization of $138.58 billion, a P/E ratio of 19.98, a PEG ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a 1-year low of $61.31 and a 1-year 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 stock has a 50-day simple moving average of $69.89 and a 200-day simple moving average of $73.78.

NextEra Energy (NYSE:NEE - Get Free Report) last released its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. As a group, sell-side analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were issued a dividend of $0.5665 per share. The ex-dividend date was Friday, February 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.37%. This is an increase from NextEra Energy's previous quarterly dividend of $0.52. NextEra Energy's dividend payout ratio (DPR) is currently 67.06%.

About NextEra Energy

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.