Electron Capital Partners LLC Sells 27,094 Shares of NextEra Energy, Inc. (NYSE:NEE)

Electron Capital Partners LLC reduced its position in NextEra Energy, Inc. (NYSE:NEE) by 3.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 875,530 shares of the utilities provider’s stock after selling 27,094 shares during the quarter. NextEra Energy accounts for approximately 3.3% of Electron Capital Partners LLC’s investment portfolio, making the stock its 12th largest holding. Electron Capital Partners LLC’s holdings in NextEra Energy were worth $62,767,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Howard Capital Management Group LLC grew its stake in NextEra Energy by 1.8% in the third quarter. Howard Capital Management Group LLC now owns 299,215 shares of the utilities provider’s stock valued at $25,293,000 after purchasing an additional 5,409 shares during the last quarter. SOA Wealth Advisors LLC. lifted its position in NextEra Energy by 3.1% during the third quarter. SOA Wealth Advisors LLC. now owns 21,790 shares of the utilities provider’s stock valued at $1,842,000 after acquiring an additional 656 shares during the last quarter. Wealthquest Corp boosted its stake in NextEra Energy by 4.8% in the third quarter. Wealthquest Corp now owns 9,829 shares of the utilities provider’s stock valued at $838,000 after acquiring an additional 446 shares in the last quarter. Tudor Financial Inc. acquired a new position in shares of NextEra Energy during the third quarter worth $742,000. Finally, Anchor Investment Management LLC lifted its holdings in shares of NextEra Energy by 4.5% during the 3rd quarter. Anchor Investment Management LLC now owns 52,178 shares of the utilities provider’s stock valued at $4,411,000 after purchasing an additional 2,252 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on NEE shares. Guggenheim reaffirmed a “buy” rating and set a $89.00 target price on shares of NextEra Energy in a research report on Thursday, March 20th. BMO Capital Markets decreased their price objective on shares of NextEra Energy from $84.00 to $77.00 and set an “outperform” rating for the company in a research report on Monday, April 14th. Morgan Stanley restated an “overweight” rating on shares of NextEra Energy in a research note on Wednesday, April 23rd. Barclays lowered their price objective on shares of NextEra Energy from $77.00 to $73.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. raised their target price on NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 11th. Eight equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $84.08.

NextEra Energy Price Performance

NEE stock opened at $66.17 on Tuesday. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10. 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 firm has a market capitalization of $136.22 billion, a PE ratio of 19.64, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. The business has a 50 day simple moving average of $69.35 and a 200-day simple moving average of $72.50.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, meeting the consensus estimate of $0.99. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The firm had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.58 billion. During the same quarter last year, the firm earned $0.91 EPS. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. Equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently disclosed 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 annualized dividend and a yield of 3.42%. The ex-dividend date of this dividend was Friday, February 28th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s dividend payout ratio is currently 84.64%.

Insiders Place Their Bets

In related news, CAO James Michael May sold 2,383 shares of the firm’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 owns 27,427 shares in the company, valued at $1,867,504.43. This trade represents a 7.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.18% of the company’s stock.

About NextEra Energy

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.