NextEra Energy, Inc. (NYSE:NEE) Position Cut by D L Carlson Investment Group Inc.

D L Carlson Investment Group Inc. trimmed its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 68.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,873 shares of the utilities provider’s stock after selling 16,913 shares during the period. D L Carlson Investment Group Inc.’s holdings in NextEra Energy were worth $564,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of NEE. Burkett Financial Services LLC boosted its stake in shares of 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 buying an additional 332 shares during the period. Sugar Maple Asset Management LLC acquired a new stake in NextEra Energy during the fourth quarter worth about $28,000. Quarry LP acquired a new position in shares of NextEra Energy in the 3rd quarter valued at $33,000. WealthTrak Capital Management LLC bought a new stake in NextEra Energy in the fourth quarter valued at $33,000. Finally, Luken Investment Analytics LLC bought a new position in shares of NextEra Energy in the fourth quarter valued at approximately $36,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

NEE opened at $70.44 on Monday. The stock’s 50 day simple moving average is $70.67 and its 200 day simple moving average is $75.08. NextEra Energy, Inc. has a 1 year low of $61.31 and a 1 year high of $86.10. The firm has a market cap of $144.90 billion, a price-to-earnings ratio of 20.90, a PEG 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.

NextEra Energy (NYSE:NEE) last released its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (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, analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were given a dividend of $0.5665 per share. 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 dividend yield of 3.22%. The ex-dividend date of this dividend was Friday, February 28th. NextEra Energy’s payout ratio is presently 67.06%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NEE. Jefferies Financial Group lowered their price objective on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Scotiabank increased their target price on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Guggenheim restated a “buy” rating and issued a $89.00 price target on shares of NextEra Energy in a report on Thursday, March 20th. Evercore ISI decreased their target price on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research report on Monday, January 27th. Finally, JPMorgan Chase & Co. upped their price objective 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 and seven have issued a buy rating to the company. According to MarketBeat, NextEra Energy presently has a consensus rating of “Hold” and a consensus price target of $85.92.

Insider Transactions 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. Corporate insiders own 0.18% of the company’s stock.

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.