Second Half Financial Partners LLC Sells 28,293 Shares of NextEra Energy, Inc. (NYSE:NEE)

Second Half Financial Partners LLC lessened its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 80.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,835 shares of the utilities provider's stock after selling 28,293 shares during the quarter. Second Half Financial Partners LLC's holdings in NextEra Energy were worth $490,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Burkett Financial Services LLC increased its holdings in 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 purchasing an additional 332 shares during the period. Sugar Maple Asset Management LLC bought a new stake in shares of NextEra Energy during the fourth quarter valued at approximately $28,000. WealthTrak Capital Management LLC acquired a new position in shares of NextEra Energy during the fourth quarter worth approximately $33,000. Luken Investment Analytics LLC bought a new position in shares of NextEra Energy in the 4th quarter worth $36,000. Finally, Midwest Capital Advisors LLC acquired a new stake in NextEra Energy in the 4th quarter valued at $44,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Price Performance

NEE stock traded up $1.06 during mid-day trading on Friday, reaching $67.11. 7,222,217 shares of the company traded hands, compared to its average volume of 10,790,987. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $86.10. The company has a market capitalization of $138.15 billion, a P/E ratio of 19.90, a P/E/G ratio of 2.45 and a beta of 0.58. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The company has a fifty day moving average price of $69.10 and a 200-day moving average price of $72.31.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.99. The business had revenue of $6.25 billion for the quarter, compared to analysts' expectations of $6.58 billion. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The business's revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.91 EPS. As a group, analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were paid a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date was Friday, February 28th. This is a boost from NextEra Energy's previous quarterly dividend of $0.52. NextEra Energy's payout ratio is currently 84.64%.

Wall Street Analyst Weigh In

NEE has been the topic of a number of recent research reports. Guggenheim reaffirmed a "buy" rating and issued a $89.00 price objective on shares of NextEra Energy in a research note on Thursday, March 20th. BMO Capital Markets decreased their price objective on NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a report on Monday, April 14th. JPMorgan Chase & Co. raised their target price on NextEra Energy from $90.00 to $91.00 and gave the company an "overweight" rating in a report on Tuesday, March 11th. Barclays reduced their price objective on shares of NextEra Energy from $73.00 to $65.00 and set an "equal weight" rating for the company in a research report on Tuesday. Finally, Erste Group Bank raised NextEra Energy to a "strong-buy" rating in a research report on Wednesday, April 16th. Eight research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $83.46.

Insider Transactions at NextEra Energy

In related news, CAO James Michael May sold 2,383 shares of the stock in a transaction on Tuesday, February 18th. The stock was 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 of the company's stock, valued at $1,867,504.43. This represents a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.20% of the company's stock.

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.