Dana Investment Advisors Inc. Cuts Holdings in NextEra Energy, Inc. (NYSE:NEE)

Dana Investment Advisors Inc. trimmed its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 3.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 239,774 shares of the utilities provider's stock after selling 7,499 shares during the period. Dana Investment Advisors Inc.'s holdings in NextEra Energy were worth $17,189,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in NEE. Howard Capital Management Group LLC boosted its stake in NextEra Energy by 1.8% during the 3rd quarter. Howard Capital Management Group LLC now owns 299,215 shares of the utilities provider's stock valued at $25,293,000 after purchasing an additional 5,409 shares during the last quarter. Impax Asset Management Group plc purchased a new stake in NextEra Energy during the 3rd quarter valued at $1,624,000. Catalyst Capital Advisors LLC boosted its stake in shares of NextEra Energy by 21.0% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 1,950 shares of the utilities provider's stock worth $165,000 after buying an additional 338 shares during the last quarter. United Advisor Group LLC purchased a new position in shares of NextEra Energy in the 3rd quarter worth $235,000. Finally, Pittenger & Anderson Inc. boosted its stake in shares of NextEra Energy by 11.6% in the 3rd quarter. Pittenger & Anderson Inc. now owns 15,602 shares of the utilities provider's stock worth $1,319,000 after buying an additional 1,625 shares during the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total transaction of $162,258.47. Following the sale, the chief accounting officer now directly owns 27,427 shares of the company's stock, valued at $1,867,504.43. This trade represents a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.18% of the company's stock.

NextEra Energy Price Performance

NYSE:NEE opened at $70.51 on Thursday. 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 business's 50-day simple moving average is $70.33 and its two-hundred day simple moving average is $76.16. The stock has a market cap of $145.03 billion, a PE ratio of 20.92, a P/E/G ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a 52 week low of $55.26 and a 52 week high of $86.10.

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, meeting 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, analysts forecast 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 will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.5665 per share. The ex-dividend date is Friday, February 28th. This is a boost from NextEra Energy's previous quarterly dividend of $0.52. This represents a $2.27 dividend on an annualized basis and a yield of 3.21%. NextEra Energy's dividend payout ratio (DPR) is currently 67.06%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on NEE shares. Jefferies Financial Group dropped their price target on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. BMO Capital Markets raised their price target on NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Scotiabank raised their price target on NextEra Energy from $92.00 to $96.00 and gave the stock a "sector outperform" rating in a research note on Thursday, December 12th. Morgan Stanley raised their price target on NextEra Energy from $93.00 to $94.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. Finally, Evercore ISI dropped their price target on NextEra Energy from $84.00 to $79.00 and set an "in-line" rating on the stock in a research note on Monday, January 27th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $85.85.

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.

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