Duncker Streett & Co. Inc. Sells 200 Shares of NextEra Energy, Inc. (NYSE:NEE)

Duncker Streett & Co. Inc. lessened its holdings in NextEra Energy, Inc. (NYSE:NEE) by 2.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 8,315 shares of the utilities provider’s stock after selling 200 shares during the period. Duncker Streett & Co. Inc.’s holdings in NextEra Energy were worth $596,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. Fiduciary Family Office LLC grew its position in NextEra Energy by 1.0% in the 3rd quarter. Fiduciary Family Office LLC now owns 13,496 shares of the utilities provider’s stock valued at $1,141,000 after acquiring an additional 139 shares during the last quarter. Second Line Capital LLC grew its position in NextEra Energy by 4.7% in the 3rd quarter. Second Line Capital LLC now owns 3,097 shares of the utilities provider’s stock valued at $262,000 after acquiring an additional 139 shares during the last quarter. Drive Wealth Management LLC grew its position in NextEra Energy by 2.8% in the 3rd quarter. Drive Wealth Management LLC now owns 5,332 shares of the utilities provider’s stock valued at $451,000 after acquiring an additional 145 shares during the last quarter. Accel Wealth Management grew its position in NextEra Energy by 1.7% in the 4th 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 during the last quarter. Finally, L.M. Kohn & Company grew its position in NextEra Energy by 1.0% in the 4th 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 during the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Up 1.1 %

Shares of NYSE NEE opened at $70.17 on Friday. 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 stock has a market capitalization of $144.34 billion, a P/E ratio of 20.82, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10. The business has a fifty day moving average price of $70.44 and a 200 day moving average price of $76.31.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. Equities research analysts expect that NextEra Energy, Inc. will post 3.68 EPS 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. Shareholders of record on Friday, February 28th will be paid a $0.5665 dividend. The ex-dividend date is Friday, February 28th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 dividend on an annualized basis and a yield of 3.23%. NextEra Energy’s dividend payout ratio (DPR) is 67.06%.

Analyst Ratings Changes

NEE has been the topic of several research analyst reports. Evercore ISI cut their price objective on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research report on Monday, January 27th. Scotiabank upped their target price on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. BMO Capital Markets upped their target price on NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Jefferies Financial Group lowered their target price on NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Finally, JPMorgan Chase & Co. lowered their target price on NextEra Energy from $99.00 to $90.00 in a report on Monday, January 27th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $85.85.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total value of $162,258.47. Following the completion of the sale, the chief accounting officer now directly owns 27,427 shares in the company, valued at approximately $1,867,504.43. This trade represents a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.18% of the stock is currently owned by company insiders.

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.