Decade Renewable Partners LP Reduces Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Decade Renewable Partners LP lowered its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 12.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 85,300 shares of the utilities provider's stock after selling 11,949 shares during the period. NextEra Energy comprises 3.0% of Decade Renewable Partners LP's portfolio, making the stock its 15th largest position. Decade Renewable Partners LP's holdings in NextEra Energy were worth $6,115,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Burkett Financial Services LLC lifted its position 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 last quarter. Sugar Maple Asset Management LLC bought a new stake in shares of NextEra Energy in the 4th quarter worth approximately $28,000. Bellwether Advisors LLC bought a new position in NextEra Energy during the 4th quarter worth $30,000. WealthTrak Capital Management LLC bought a new stake in NextEra Energy in the fourth quarter valued at $33,000. Finally, Luken Investment Analytics LLC bought a new stake in NextEra Energy in the fourth quarter valued at $36,000. Institutional investors and hedge funds own 78.72% of the company's stock.

Analysts Set New Price Targets

NEE has been the topic of a number of analyst reports. Wells Fargo & Company dropped their price objective on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a report on Thursday. Erste Group Bank raised NextEra Energy to a "strong-buy" rating in a report on Wednesday, April 16th. Barclays reduced their price objective on NextEra Energy from $77.00 to $73.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. raised their target price on NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research report on Tuesday, March 11th. Finally, Jefferies Financial Group decreased their price target on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Eight investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $84.08.

Insiders Place Their Bets

In related news, CAO James Michael May sold 2,383 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 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 link. Insiders own 0.18% of the company's stock.

NextEra Energy Price Performance

NYSE NEE opened at $66.10 on Monday. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10. The stock's 50-day moving average price is $69.41 and its two-hundred day moving average price is $72.61. The company has a market cap of $136.08 billion, a PE ratio of 19.61, a PEG ratio of 2.45 and a beta of 0.58. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE - Get Free Report) last released its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.99. The company had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.58 billion. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. On average, analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were issued a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 3.43%. 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 (DPR) is currently 84.64%.

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.

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