Cerity Partners LLC Sells 76,698 Shares of NextEra Energy, Inc. (NYSE:NEE)

Cerity Partners LLC lowered its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 6.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,184,426 shares of the utilities provider's stock after selling 76,698 shares during the quarter. Cerity Partners LLC owned approximately 0.06% of NextEra Energy worth $88,284,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of NextEra Energy by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 205,297,225 shares of the utilities provider's stock valued at $14,717,758,000 after acquiring an additional 2,090,538 shares during the period. Norges Bank purchased a new stake in NextEra Energy in the fourth quarter worth $3,484,197,000. Geode Capital Management LLC raised its stake in shares of NextEra Energy by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 43,778,016 shares of the utilities provider's stock valued at $3,129,132,000 after buying an additional 1,359,268 shares during the period. Bank of New York Mellon Corp lifted its position in shares of NextEra Energy by 4.2% during the 4th quarter. Bank of New York Mellon Corp now owns 14,523,786 shares of the utilities provider's stock valued at $1,041,210,000 after buying an additional 588,038 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of NextEra Energy by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,630,784 shares of the utilities provider's stock worth $977,191,000 after acquiring an additional 345,999 shares during the period. Hedge funds and other institutional investors own 78.72% of the company's stock.

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Insider Transactions at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of the firm'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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.18% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. 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 report on Monday, January 27th. Jefferies Financial Group dropped their target price on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Morgan Stanley boosted their price objective on NextEra Energy from $95.00 to $97.00 and gave the company an "overweight" rating in a research note on Thursday, March 20th. JPMorgan Chase & Co. raised their target price on NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 11th. Finally, BMO Capital Markets increased their price target on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Eight equities research 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 stock currently has an average rating of "Hold" and an average target price of $85.92.

NextEra Energy Price Performance

Shares of NextEra Energy stock traded down $1.00 during trading on Friday, hitting $65.72. 14,853,104 shares of the stock traded hands, compared to its average volume of 10,823,000. The firm's fifty day moving average is $69.89 and its 200-day moving average is $73.84. The stock has a market cap of $135.29 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a 52 week low of $61.31 and a 52 week 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.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly 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 net margin of 28.06% and a return on equity of 11.85%. Research analysts expect that NextEra Energy, Inc. will post 3.68 EPS 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 dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 3.45%. This is a positive change from NextEra Energy's previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, February 28th. NextEra Energy's dividend payout ratio is presently 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.