Rhumbline Advisers Sells 35,892 Shares of NextEra Energy, Inc. (NYSE:NEE)

Rhumbline Advisers lessened its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 0.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,765,756 shares of the utilities provider's stock after selling 35,892 shares during the period. Rhumbline Advisers owned about 0.18% of NextEra Energy worth $269,967,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Burkett Financial Services LLC lifted its stake in shares of NextEra Energy by 1,229.6% in the 4th 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 period. Reston Wealth Management LLC bought a new stake in NextEra Energy during the 3rd quarter worth approximately $27,000. Sugar Maple Asset Management LLC purchased a new position in NextEra Energy during the fourth quarter valued at approximately $28,000. Quarry LP purchased a new position in NextEra Energy during the third quarter valued at approximately $33,000. Finally, Luken Investment Analytics LLC purchased a new position in NextEra Energy during the fourth quarter valued at approximately $36,000. Institutional investors own 78.72% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on NEE. Jefferies Financial Group lowered their price target on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Guggenheim lifted their price target on shares of NextEra Energy from $90.00 to $92.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Morgan Stanley lifted their price target on shares of NextEra Energy from $93.00 to $94.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. lowered their price target on shares of NextEra Energy from $99.00 to $90.00 in a report on Monday, January 27th. Finally, Royal Bank of Canada downgraded shares of NextEra Energy from a "moderate buy" rating to a "hold" rating in a report on Tuesday, October 22nd. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, NextEra Energy presently has an average rating of "Hold" and a consensus target price of $85.85.

NextEra Energy Price Performance

NEE traded up $0.31 during trading hours on Tuesday, hitting $68.37. The company's stock had a trading volume of 12,090,251 shares, compared to its average volume of 11,446,257. The business's 50-day moving average price is $70.84 and its 200-day moving average price is $76.77. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10. The stock has a market cap of $140.59 billion, a price-to-earnings ratio of 20.29, a P/E/G ratio of 2.42 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 announced its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Sell-side analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be given a $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from NextEra Energy's previous quarterly dividend of $0.52. NextEra Energy's payout ratio is currently 61.13%.

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.