Financial Counselors Inc. Reduces Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Financial Counselors Inc. lowered its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 11.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 110,865 shares of the utilities provider's stock after selling 13,660 shares during the quarter. Financial Counselors Inc.'s holdings in NextEra Energy were worth $7,948,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Second Line Capital LLC raised its holdings in NextEra Energy by 4.7% during the 3rd quarter. Second Line Capital LLC now owns 3,097 shares of the utilities provider's stock valued at $262,000 after buying an additional 139 shares during the last quarter. Accel Wealth Management raised its stake in shares of NextEra Energy by 1.7% during the fourth quarter. Accel Wealth Management now owns 8,615 shares of the utilities provider's stock valued at $618,000 after acquiring an additional 145 shares during the last quarter. L.M. Kohn & Company boosted its holdings in shares of NextEra Energy by 1.0% during the fourth quarter. L.M. Kohn & Company now owns 15,353 shares of the utilities provider's stock worth $1,101,000 after purchasing an additional 145 shares during the period. 1ST Source Bank grew its stake in shares of NextEra Energy by 0.4% in the third quarter. 1ST Source Bank now owns 34,178 shares of the utilities provider's stock worth $2,889,000 after purchasing an additional 147 shares during the last quarter. Finally, Tortoise Investment Management LLC increased its holdings in NextEra Energy by 8.3% during the 4th quarter. Tortoise Investment Management LLC now owns 1,943 shares of the utilities provider's stock valued at $139,000 after purchasing an additional 149 shares during the period. Hedge funds and other institutional investors own 78.72% of the company's stock.

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NextEra Energy Stock Up 0.7 %

NYSE:NEE traded up $0.47 during trading hours on Monday, reaching $70.92. 13,347,079 shares of the company traded hands, compared to its average volume of 10,657,010. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The business's 50-day moving average price is $70.67 and its two-hundred day moving average price is $74.99. NextEra Energy, Inc. has a 1 year low of $61.31 and a 1 year high of $86.10. The stock has a market capitalization of $145.87 billion, a P/E ratio of 21.04, a P/E/G ratio of 2.45 and a beta of 0.58.

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

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were given a $0.5665 dividend. The ex-dividend date of this dividend was Friday, February 28th. This is a boost from NextEra Energy's previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a yield of 3.20%. NextEra Energy's dividend payout ratio is 67.06%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Scotiabank increased their price objective on NextEra Energy from $92.00 to $96.00 and gave the stock a "sector outperform" rating in a report on Thursday, December 12th. Morgan Stanley lifted their price target on shares of NextEra Energy from $95.00 to $97.00 and gave the company an "overweight" rating in a report on Thursday, March 20th. BMO Capital Markets upped their price objective on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. JPMorgan Chase & Co. lifted their target price on shares of NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research note on Tuesday, March 11th. Finally, Evercore ISI decreased their price target on shares of NextEra Energy from $84.00 to $79.00 and set an "in-line" rating for the company in a research note on Monday, January 27th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $85.92.

Insider Buying and Selling at NextEra Energy

In related news, CAO James Michael May sold 2,383 shares of the stock in a transaction on 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 filing with the SEC, which is available at the SEC website. Company insiders own 0.18% of the company's stock.

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.