Mutual of America Capital Management LLC Sells 7,962 Shares of NextEra Energy, Inc. (NYSE:NEE)

Mutual of America Capital Management LLC lowered its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 264,153 shares of the utilities provider’s stock after selling 7,962 shares during the quarter. Mutual of America Capital Management LLC’s holdings in NextEra Energy were worth $18,937,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NEE. Howard Capital Management Group LLC boosted its holdings 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 worth $25,293,000 after purchasing an additional 5,409 shares during the last quarter. Diversify Wealth Management LLC purchased a new stake in NextEra Energy in the third quarter worth approximately $331,000. JFS Wealth Advisors LLC boosted its holdings in NextEra Energy by 39.5% in the third quarter. JFS Wealth Advisors LLC now owns 4,388 shares of the utilities provider’s stock worth $371,000 after purchasing an additional 1,243 shares during the last quarter. Reston Wealth Management LLC purchased a new stake in NextEra Energy in the third quarter worth approximately $27,000. Finally, Aspen Wealth Strategies LLC purchased a new stake in NextEra Energy in the third quarter worth approximately $495,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Up 1.1 %

NEE opened at $70.17 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. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10. The firm’s fifty day moving average is $70.44 and its 200 day moving average is $76.32. The stock has a market cap of $144.34 billion, a price-to-earnings ratio of 20.82, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last released its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. On average, sell-side analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be issued a $0.5665 dividend. This is an increase 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%. The ex-dividend date is Friday, February 28th. NextEra Energy’s payout ratio is currently 67.06%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on NEE shares. BMO Capital Markets raised their target price on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. JPMorgan Chase & Co. dropped their price target on shares of NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Jefferies Financial Group dropped their price target on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Morgan Stanley lifted their price target on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Finally, Evercore ISI dropped their price target 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. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently 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 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 sale, the chief accounting officer now directly owns 27,427 shares in the company, valued at approximately $1,867,504.43. The trade was a 7.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.18% of the stock is currently owned by insiders.

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.