NextEra Energy, Inc. (NYSE:NEE) Stock Position Lowered by Blair William & Co. IL

Blair William & Co. IL reduced its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 4.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 409,136 shares of the utilities provider's stock after selling 18,414 shares during the period. Blair William & Co. IL's holdings in NextEra Energy were worth $29,331,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Burkett Financial Services LLC lifted its holdings in shares of NextEra Energy by 1,229.6% during the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider's stock worth $26,000 after purchasing an additional 332 shares during the period. Sugar Maple Asset Management LLC acquired a new position in shares of NextEra Energy during the 4th quarter worth $28,000. Quarry LP acquired a new position in shares of NextEra Energy during the 3rd quarter worth $33,000. Luken Investment Analytics LLC purchased a new position in shares of NextEra Energy in the 4th quarter valued at about $36,000. Finally, Harvest Fund Management Co. Ltd lifted its stake in shares of NextEra Energy by 2,482.6% in the third quarter. Harvest Fund Management Co. Ltd now owns 594 shares of the utilities provider's stock valued at $50,000 after purchasing an additional 571 shares during the period. 78.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on NEE shares. Jefferies Financial Group dropped their target price on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Guggenheim reaffirmed a "buy" rating and set a $89.00 price objective on shares of NextEra Energy in a report on Thursday, March 20th. Evercore ISI dropped their price target on NextEra Energy from $84.00 to $79.00 and set an "in-line" rating for the company in a research report on Monday, January 27th. Morgan Stanley lifted their price target on NextEra Energy from $95.00 to $97.00 and gave the stock an "overweight" rating in a research note on Thursday, March 20th. Finally, Scotiabank increased their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the company a "sector outperform" rating in a research note on Thursday, December 12th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $85.92.

NextEra Energy Stock Up 0.9 %

Shares of NextEra Energy stock traded up $0.66 during trading hours on Tuesday, hitting $71.55. 2,881,817 shares of the company's stock traded hands, compared to its average volume of 11,585,017. 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, Inc. has a twelve month low of $61.31 and a twelve month high of $86.10. The stock has a 50 day simple moving average of $70.67 and a 200-day simple moving average of $74.99. The company has a market cap of $147.18 billion, a PE ratio of 21.23, a PEG ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its earnings results 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%. Equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors 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 3.17%. The ex-dividend date was Friday, February 28th. NextEra Energy's dividend payout ratio (DPR) is currently 67.06%.

Insiders Place Their Bets

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of NextEra Energy 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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is owned by company insiders.

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.