D L Carlson Investment Group Inc. Cuts Position in NextEra Energy, Inc. (NYSE:NEE)

D L Carlson Investment Group Inc. reduced its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 68.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,873 shares of the utilities provider's stock after selling 16,913 shares during the quarter. D L Carlson Investment Group Inc.'s holdings in NextEra Energy were worth $564,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Empowered Funds LLC raised its position in NextEra Energy by 14.7% during the fourth quarter. Empowered Funds LLC now owns 45,566 shares of the utilities provider's stock valued at $3,267,000 after purchasing an additional 5,831 shares in the last quarter. Empower Advisory Group LLC raised its holdings in shares of NextEra Energy by 2.3% during the 4th quarter. Empower Advisory Group LLC now owns 1,823,327 shares of the utilities provider's stock worth $130,714,000 after buying an additional 41,328 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of NextEra Energy by 20.9% during the 4th quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider's stock worth $634,703,000 after buying an additional 1,525,436 shares during the last quarter. Czech National Bank boosted its stake in NextEra Energy by 6.5% in the fourth quarter. Czech National Bank now owns 445,870 shares of the utilities provider's stock valued at $31,964,000 after buying an additional 27,340 shares in the last quarter. Finally, ST Germain D J Co. Inc. grew its position in NextEra Energy by 5.8% in the fourth quarter. ST Germain D J Co. Inc. now owns 171,735 shares of the utilities provider's stock valued at $12,312,000 after acquiring an additional 9,425 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of research firms have recently commented on NEE. JPMorgan Chase & Co. increased their target price on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. Jefferies Financial Group dropped their price objective on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Guggenheim reaffirmed a "buy" rating and set a $89.00 target price on shares of NextEra Energy in a research note on Thursday, March 20th. Scotiabank increased their price target on NextEra Energy from $92.00 to $96.00 and gave the company a "sector outperform" rating in a research note on Thursday, December 12th. Finally, Morgan Stanley boosted their price objective on NextEra Energy from $95.00 to $97.00 and gave the stock an "overweight" rating in a research report on Thursday, March 20th. 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, the company presently has a consensus rating of "Hold" and an average target price of $85.92.

NextEra Energy Trading Up 2.6 %

Shares of NYSE NEE traded up $1.82 during midday trading on Thursday, reaching $72.30. The stock had a trading volume of 10,471,276 shares, compared to its average volume of 11,603,791. The company's 50 day moving average price is $70.71 and its 200 day moving average price is $74.87. 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 twelve month low of $61.31 and a twelve month high of $86.10. The firm has a market cap of $148.73 billion, a price-to-earnings ratio of 21.47, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58.

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

NextEra Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were given a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date was Friday, February 28th. This is an increase from NextEra Energy's previous quarterly dividend of $0.52. NextEra Energy's payout ratio is presently 67.06%.

Insider Transactions at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the company's stock in a transaction on 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. This represents a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.18% of the company's stock.

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.