Mattern Capital Management LLC Lowers Stake in NextEra Energy, Inc. (NYSE:NEE)

Mattern Capital Management LLC reduced its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 140,380 shares of the utilities provider’s stock after selling 2,062 shares during the period. NextEra Energy accounts for about 1.3% of Mattern Capital Management LLC’s investment portfolio, making the stock its 20th largest holding. Mattern Capital Management LLC’s holdings in NextEra Energy were worth $10,064,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Burkett Financial Services LLC increased its stake in NextEra Energy by 1,229.6% during the 4th 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 in the last quarter. Reston Wealth Management LLC bought a new stake in NextEra Energy during the 3rd quarter valued at about $27,000. Sugar Maple Asset Management LLC bought a new stake in NextEra Energy during the 4th quarter valued at about $28,000. Quarry LP bought a new stake in NextEra Energy during the 3rd quarter valued at about $33,000. Finally, Luken Investment Analytics LLC bought a new stake in NextEra Energy during the 4th quarter valued at about $36,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of the 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 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 legal filing with the SEC, which can be accessed through this link. 0.18% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently commented on NEE shares. JPMorgan Chase & Co. reduced their price target on shares of NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Guggenheim lifted their price target on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Scotiabank upped their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Barclays upped their target price on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Finally, BMO Capital Markets upped their target price on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, NextEra Energy currently has an average rating of “Hold” and a consensus price target of $85.85.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $70.12 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The firm has a fifty day moving average price of $70.56 and a 200 day moving average price of $76.59. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10. The firm has a market cap of $144.23 billion, a price-to-earnings ratio of 20.81, a P/E/G ratio of 2.39 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data 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 net margin of 28.06% and a return on equity of 11.85%. As a group, sell-side analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be given a dividend of $0.5665 per share. The ex-dividend date is Friday, February 28th. This represents a $2.27 annualized dividend and a yield of 3.23%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s dividend payout ratio (DPR) is 61.13%.

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.