Titleist Asset Management LLC Sells 4,212 Shares of NextEra Energy, Inc. (NYSE:NEE)

Titleist Asset Management LLC cut its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 39.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,446 shares of the utilities provider's stock after selling 4,212 shares during the period. Titleist Asset Management LLC's holdings in NextEra Energy were worth $462,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Burkett Financial Services LLC increased its position in shares of NextEra Energy by 1,229.6% in the fourth 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 last quarter. Sugar Maple Asset Management LLC acquired a new position in shares of NextEra Energy in the fourth quarter valued at $28,000. Quarry LP acquired a new stake in NextEra Energy during the third quarter worth approximately $33,000. WealthTrak Capital Management LLC bought a new stake in NextEra Energy in the 4th quarter valued at $33,000. Finally, Luken Investment Analytics LLC bought a new position in NextEra Energy during the fourth quarter worth about $36,000. Institutional investors own 78.72% of the company's stock.

Insider Transactions at NextEra Energy

In related news, CAO James Michael May sold 2,383 shares of the company's stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 27,427 shares of the company's stock, valued at approximately $1,867,504.43. This represents a 7.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

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NextEra Energy Trading Down 1.5 %

NEE traded down $1.00 during trading on Friday, reaching $65.72. 14,853,104 shares of the company's stock were exchanged, compared to its average volume of 10,823,000. The firm has a fifty day moving average price of $69.89 and a two-hundred day moving average price of $73.84. The stock has a market capitalization of $135.29 billion, a PE ratio of 19.50, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a one year low of $61.31 and a one year high of $86.10. 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 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%. As a group, equities research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were paid a $0.5665 dividend. This is a positive change from NextEra Energy's previous quarterly dividend of $0.52. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date of this dividend was Friday, February 28th. NextEra Energy's dividend payout ratio is currently 67.06%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on NEE. BMO Capital Markets boosted their price target on NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. JPMorgan Chase & Co. raised their price target on NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 11th. Guggenheim reiterated a "buy" rating and set a $89.00 price objective on shares of NextEra Energy in a research note on Thursday, March 20th. Evercore ISI cut 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 report on Monday, January 27th. Finally, Jefferies Financial Group cut their target price on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, NextEra Energy has a consensus rating of "Hold" and a consensus price target of $85.92.

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.