Premier Fund Managers Ltd Cuts Holdings in NextEra Energy, Inc. (NYSE:NEE)

Premier Fund Managers Ltd decreased its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 25.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 30,000 shares of the utilities provider's stock after selling 10,000 shares during the period. Premier Fund Managers Ltd's holdings in NextEra Energy were worth $2,152,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Burkett Financial Services LLC grew its holdings 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 purchasing an additional 332 shares during the last quarter. Sugar Maple Asset Management LLC acquired a new stake in NextEra Energy during the 4th quarter worth about $28,000. Quarry LP bought a new stake in shares of NextEra Energy during the 3rd quarter valued at about $33,000. Luken Investment Analytics LLC acquired a new stake in NextEra Energy during the fourth quarter worth approximately $36,000. Finally, Midwest Capital Advisors LLC acquired a new stake in NextEra Energy during the fourth quarter worth approximately $44,000. Institutional investors and hedge funds own 78.72% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. BMO Capital Markets lifted their price objective on shares of NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Jefferies Financial Group reduced their target price on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Scotiabank boosted their target price on NextEra Energy from $92.00 to $96.00 and gave the company a "sector outperform" rating in a research report on Thursday, December 12th. Evercore ISI cut their price target on NextEra Energy from $84.00 to $79.00 and set an "in-line" rating on the stock in a report on Monday, January 27th. Finally, Morgan Stanley boosted their price target on shares of NextEra Energy from $95.00 to $97.00 and gave the company an "overweight" rating in a research note on Thursday, March 20th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $85.92.

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NextEra Energy Stock Up 0.7 %

NextEra Energy stock traded up $0.48 on Tuesday, hitting $71.37. 3,203,287 shares of the stock traded hands, compared to its average volume of 10,629,147. NextEra Energy, Inc. has a 1 year low of $61.31 and a 1 year high of $86.10. The firm has a market cap of $146.80 billion, a P/E ratio of 21.17, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. The business's fifty day simple moving average is $70.67 and its 200 day simple moving average is $74.99. 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 announced its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share (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, sell-side analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were given a dividend of $0.5665 per share. The ex-dividend date was Friday, February 28th. This is an increase from NextEra Energy's previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a yield of 3.18%. NextEra Energy's payout ratio is 67.06%.

Insider Buying and Selling at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total value of $162,258.47. Following the sale, the chief accounting officer now directly owns 27,427 shares of the company's stock, valued at approximately $1,867,504.43. The trade was a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

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.