Bryn Mawr Capital Management LLC Sells 21,988 Shares of NextEra Energy, Inc. (NYSE:NEE)

Bryn Mawr Capital Management LLC reduced its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 48.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,163 shares of the utilities provider's stock after selling 21,988 shares during the period. Bryn Mawr Capital Management LLC's holdings in NextEra Energy were worth $1,661,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of NEE. Tandem Capital Management Corp ADV boosted its holdings in NextEra Energy by 1.3% in the third quarter. Tandem Capital Management Corp ADV now owns 9,935 shares of the utilities provider's stock worth $840,000 after purchasing an additional 125 shares during the last quarter. Insight Folios Inc boosted its stake in shares of NextEra Energy by 1.5% in the 3rd quarter. Insight Folios Inc now owns 8,439 shares of the utilities provider's stock worth $713,000 after buying an additional 126 shares during the last quarter. Taylor & Morgan Wealth Management LLC grew its holdings in shares of NextEra Energy by 1.7% in the third quarter. Taylor & Morgan Wealth Management LLC now owns 7,744 shares of the utilities provider's stock worth $655,000 after acquiring an additional 126 shares during the period. Osborne Partners Capital Management LLC grew its holdings in shares of NextEra Energy by 1.2% in the third quarter. Osborne Partners Capital Management LLC now owns 10,724 shares of the utilities provider's stock worth $906,000 after acquiring an additional 128 shares during the period. Finally, Boston Trust Walden Corp increased its position in NextEra Energy by 0.4% during the third quarter. Boston Trust Walden Corp now owns 30,720 shares of the utilities provider's stock valued at $2,597,000 after acquiring an additional 130 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

Insider Activity

In other news, CAO James Michael May sold 2,383 shares of the firm's stock in a transaction dated 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 owns 27,427 shares in the company, valued at approximately $1,867,504.43. This trade represents a 7.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.18% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NEE. JPMorgan Chase & Co. dropped their target price on NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Barclays boosted their target price on shares of NextEra Energy from $80.00 to $82.00 and gave the company an "equal weight" rating in a research report on Friday, October 25th. Morgan Stanley increased their price target on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. BMO Capital Markets boosted their price objective on shares of NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Finally, Guggenheim upped their price objective on NextEra Energy from $90.00 to $92.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $85.85.

NextEra Energy Price Performance

Shares of NextEra Energy stock traded up $1.60 during trading hours on Friday, hitting $71.74. The company's stock had a trading volume of 16,739,967 shares, compared to its average volume of 11,463,395. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10. The business has a 50 day moving average price of $70.56 and a two-hundred day moving average price of $76.59. The company has a market cap of $147.56 billion, a PE ratio of 21.29, a PEG ratio of 2.41 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 earnings per share for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Analysts expect 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 will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be given a $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 3.16%. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from NextEra Energy's previous quarterly dividend of $0.52. NextEra Energy's payout ratio is currently 61.13%.

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.