NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc trimmed its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 8.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,838,284 shares of the utilities provider's stock after selling 464,099 shares during the period. NextEra Energy comprises about 0.6% of Ensign Peak Advisors Inc's portfolio, making the stock its 27th largest position. Ensign Peak Advisors Inc owned approximately 0.24% of NextEra Energy worth $346,857,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NEE. Accel Wealth Management boosted its stake in NextEra Energy by 1.7% in the fourth quarter. Accel Wealth Management now owns 8,615 shares of the utilities provider's stock valued at $618,000 after acquiring an additional 145 shares in the last quarter. L.M. Kohn & Company increased its holdings in shares of NextEra Energy by 1.0% during the fourth quarter. L.M. Kohn & Company now owns 15,353 shares of the utilities provider's stock valued at $1,101,000 after acquiring an additional 145 shares in the last quarter. Tortoise Investment Management LLC increased its holdings in shares of NextEra Energy by 8.3% during the fourth quarter. Tortoise Investment Management LLC now owns 1,943 shares of the utilities provider's stock valued at $139,000 after acquiring an additional 149 shares in the last quarter. Baker Ellis Asset Management LLC increased its holdings in shares of NextEra Energy by 1.3% during the fourth quarter. Baker Ellis Asset Management LLC now owns 11,666 shares of the utilities provider's stock valued at $836,000 after acquiring an additional 150 shares in the last quarter. Finally, Anchor Capital Advisors LLC increased its holdings in shares of NextEra Energy by 5.1% during the fourth quarter. Anchor Capital Advisors LLC now owns 3,105 shares of the utilities provider's stock valued at $223,000 after acquiring an additional 150 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on the company. Erste Group Bank cut NextEra Energy from a "strong-buy" rating to a "hold" rating in a research report on Thursday. BMO Capital Markets cut their price objective on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Evercore ISI cut their price objective on shares of NextEra Energy from $84.00 to $79.00 and set an "in-line" rating on the stock in a research note on Monday, January 27th. Wells Fargo & Company cut their price objective on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Finally, JPMorgan Chase & Co. increased their price objective on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 11th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $83.46.

Insider Activity at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total value of $162,258.47. Following the transaction, the chief accounting officer now owns 27,427 shares in the company, valued at $1,867,504.43. This trade represents a 7.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.20% of the company's stock.

NextEra Energy Price Performance

NYSE NEE traded up $2.05 during trading hours on Friday, reaching $70.37. The company's stock had a trading volume of 17,324,949 shares, compared to its average volume of 10,763,280. The stock has a market cap of $144.87 billion, a PE ratio of 20.88, a PEG ratio of 2.45 and a beta of 0.69. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10. The company's 50-day moving average is $68.73 and its two-hundred day moving average is $71.47. 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 (NYSE:NEE - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.99. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. The firm had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.58 billion. During the same period in the previous year, the firm posted $0.91 EPS. The company's quarterly revenue was up 9.0% compared to the same quarter last year. Analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors 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 annualized dividend and a yield of 3.22%. The ex-dividend date was Friday, February 28th. NextEra Energy's dividend payout ratio is presently 84.64%.

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.