TrueMark Investments LLC Cuts Position in NextEra Energy, Inc. (NYSE:NEE)

TrueMark Investments LLC lowered its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 27.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,570 shares of the utilities provider's stock after selling 24,097 shares during the period. NextEra Energy accounts for 1.5% of TrueMark Investments LLC's holdings, making the stock its 26th biggest position. TrueMark Investments LLC's holdings in NextEra Energy were worth $4,629,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in NEE. Financial Engines Advisors L.L.C. lifted its holdings in shares of NextEra Energy by 149.6% in the 4th quarter. Financial Engines Advisors L.L.C. now owns 12,375 shares of the utilities provider's stock valued at $887,000 after buying an additional 7,418 shares during the period. UNIVEST FINANCIAL Corp increased its holdings in NextEra Energy by 0.4% in the fourth quarter. UNIVEST FINANCIAL Corp now owns 314,165 shares of the utilities provider's stock valued at $22,523,000 after buying an additional 1,196 shares in the last quarter. Morey & Quinn Wealth Partners LLC acquired a new position in shares of NextEra Energy in the fourth quarter worth about $335,000. Ipsen Advisor Group LLC purchased a new stake in shares of NextEra Energy during the 4th quarter worth about $397,000. Finally, Summitry LLC grew its position in shares of NextEra Energy by 4.7% during the 4th quarter. Summitry LLC now owns 4,920 shares of the utilities provider's stock valued at $353,000 after acquiring an additional 221 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

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NextEra Energy Trading Up 0.6 %

Shares of NEE stock traded up $0.41 on Friday, hitting $70.44. 7,846,146 shares of the stock traded hands, compared to its average volume of 10,646,249. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. NextEra Energy, Inc. has a twelve month low of $61.31 and a twelve month high of $86.10. The firm's 50-day moving average price is $70.67 and its two-hundred day moving average price is $75.14. The stock has a market capitalization of $144.90 billion, a PE ratio of 20.90, a PEG ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE - Get Free Report) last announced 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 return on equity of 11.85% and a net margin of 28.06%. As a group, analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

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

Insider Activity at NextEra Energy

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

Analyst Ratings Changes

A number of brokerages have issued reports on NEE. Guggenheim reiterated a "buy" rating and set a $89.00 price target on shares of NextEra Energy in a research report on Thursday, March 20th. BMO Capital Markets upped their price objective on shares of NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. JPMorgan Chase & Co. lifted their target price on shares of NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a research report on Tuesday, March 11th. Jefferies Financial Group reduced their price target on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Finally, Morgan Stanley lifted their price objective on NextEra Energy from $95.00 to $97.00 and gave the stock an "overweight" rating in a report on Thursday, March 20th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $85.92.

NextEra Energy 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.