Invenio Wealth Partners LLC Lowers Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Invenio Wealth Partners LLC cut its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 71.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,953 shares of the utilities provider's stock after selling 7,470 shares during the quarter. Invenio Wealth Partners LLC's holdings in NextEra Energy were worth $212,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Burkett Financial Services LLC grew its position in shares of NextEra Energy by 1,229.6% during the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 332 shares during the period. Sugar Maple Asset Management LLC purchased a new position in NextEra Energy during the fourth quarter worth approximately $28,000. Quarry LP acquired a new stake in NextEra Energy in the third quarter valued at approximately $33,000. WealthTrak Capital Management LLC purchased a new stake in shares of NextEra Energy in the fourth quarter valued at approximately $33,000. Finally, Luken Investment Analytics LLC acquired a new position in shares of NextEra Energy during the 4th quarter worth approximately $36,000. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Trading Down 0.6 %

Shares of NEE stock traded down $0.46 on Wednesday, hitting $70.46. 8,474,612 shares of the stock traded hands, compared to its average volume of 10,633,564. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The stock has a market capitalization of $144.94 billion, a PE ratio of 20.91, a PEG ratio of 2.45 and a beta of 0.58. The firm's 50-day moving average price is $70.71 and its two-hundred day moving average price is $74.87. NextEra Energy, Inc. has a twelve month low of $61.31 and a twelve month high of $86.10.

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

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were paid a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend was Friday, February 28th. This is a positive change from NextEra Energy's previous quarterly dividend of $0.52. NextEra Energy's dividend payout ratio is 67.06%.

Analysts Set New Price Targets

Several brokerages recently commented on NEE. BMO Capital Markets boosted their price target on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. JPMorgan Chase & Co. boosted their target price on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 11th. Morgan Stanley upped their price target on shares of NextEra Energy from $95.00 to $97.00 and gave the stock an "overweight" rating in a research report on Thursday, March 20th. Jefferies Financial Group lowered their price objective on NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Finally, Guggenheim restated a "buy" rating and issued a $89.00 target price on shares of NextEra Energy in a research report on Thursday, March 20th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $85.92.

Insider Buying and Selling

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