Philip James Wealth Mangement LLC Decreases Position in NextEra Energy, Inc. (NYSE:NEE)

Philip James Wealth Mangement LLC lowered its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 45.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 7,140 shares of the utilities provider's stock after selling 6,003 shares during the period. Philip James Wealth Mangement LLC's holdings in NextEra Energy were worth $512,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Tandem Capital Management Corp ADV raised its position in NextEra Energy by 1.3% during the third quarter. Tandem Capital Management Corp ADV now owns 9,935 shares of the utilities provider's stock valued at $840,000 after acquiring an additional 125 shares in the last quarter. Taylor & Morgan Wealth Management LLC increased its holdings in shares of NextEra Energy by 1.7% during the 3rd quarter. Taylor & Morgan Wealth Management LLC now owns 7,744 shares of the utilities provider's stock valued at $655,000 after purchasing an additional 126 shares in the last quarter. Insight Folios Inc increased its holdings in NextEra Energy by 1.5% in the third quarter. Insight Folios Inc now owns 8,439 shares of the utilities provider's stock valued at $713,000 after buying an additional 126 shares in the last quarter. Osborne Partners Capital Management LLC increased its stake in shares of NextEra Energy by 1.2% in the 3rd quarter. Osborne Partners Capital Management LLC now owns 10,724 shares of the utilities provider's stock valued at $906,000 after purchasing an additional 128 shares in the last quarter. Finally, Boston Trust Walden Corp increased its stake in shares of NextEra Energy by 0.4% in the 3rd quarter. Boston Trust Walden Corp now owns 30,720 shares of the utilities provider's stock valued at $2,597,000 after purchasing an additional 130 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company's stock.

NextEra Energy Trading Up 1.5 %

Shares of NYSE:NEE traded up $1.06 during mid-day trading on Thursday, reaching $70.12. 9,339,386 shares of the company were exchanged, compared to its average volume of 11,303,559. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The firm has a market cap of $144.23 billion, a price-to-earnings ratio of 20.81, a P/E/G ratio of 2.39 and a beta of 0.58. The firm's 50-day simple moving average is $70.62 and its 200 day simple moving average is $76.64. NextEra Energy, Inc. has a 1 year low of $53.95 and a 1 year high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its 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%. Equities research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be paid a $0.5665 dividend. This is a positive change from NextEra Energy's previous quarterly dividend of $0.52. The ex-dividend date is Friday, February 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.23%. NextEra Energy's dividend payout ratio (DPR) is presently 61.13%.

Wall Street Analyst Weigh In

NEE has been the subject of several recent analyst reports. BMO Capital Markets lifted their price target on NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Jefferies Financial Group dropped their price target on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Barclays upped their price target on NextEra Energy from $80.00 to $82.00 and gave the company an "equal weight" rating in a research report on Friday, October 25th. Guggenheim upped their price target on NextEra Energy from $90.00 to $92.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Finally, Evercore ISI dropped their price objective on shares of NextEra Energy from $84.00 to $79.00 and set an "in-line" rating for the company in a report 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. According to MarketBeat, NextEra Energy presently has an average rating of "Hold" and a consensus target price of $85.85.

Insider Buying and Selling at NextEra Energy

In related news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction 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 completion of the transaction, the chief accounting officer now directly owns 27,427 shares in the company, valued at approximately $1,867,504.43. This trade represents a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

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.