NextEra Energy, Inc. (NYSE:NEE) Shares Sold by FMA Wealth Management LLC

FMA Wealth Management LLC lessened its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 7.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 7,494 shares of the utilities provider’s stock after selling 600 shares during the period. NextEra Energy accounts for 0.4% of FMA Wealth Management LLC’s investment portfolio, making the stock its 27th biggest holding. FMA Wealth Management LLC’s holdings in NextEra Energy were worth $537,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in NEE. Burkett Financial Services LLC raised its position 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 worth $26,000 after acquiring an additional 332 shares in the last quarter. Reston Wealth Management LLC acquired a new stake in shares of NextEra Energy during the 3rd quarter worth about $27,000. Sugar Maple Asset Management LLC acquired a new stake in shares of NextEra Energy during the 4th quarter worth about $28,000. Quarry LP acquired a new position in NextEra Energy during the third quarter worth approximately $33,000. Finally, Luken Investment Analytics LLC acquired a new position in NextEra Energy during the fourth quarter worth approximately $36,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Up 0.8 %

NextEra Energy stock opened at $69.04 on Thursday. 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, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10. The company has a market cap of $141.98 billion, a PE ratio of 20.49, a price-to-earnings-growth ratio of 2.38 and a beta of 0.58. The stock’s 50 day moving average price is $70.62 and its 200 day moving average price is $76.64.

NextEra Energy (NYSE:NEE) last posted its quarterly 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 return on equity of 11.85% and a net margin of 28.06%. On average, sell-side analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently announced 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. This represents a $2.27 dividend on an annualized basis and a yield of 3.28%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Friday, February 28th. NextEra Energy’s payout ratio is presently 61.13%.

Wall Street Analysts Forecast Growth

NEE has been the topic of several research analyst reports. Guggenheim lifted their price target on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. cut their price target on NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. BMO Capital Markets lifted their price target on NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Morgan Stanley lifted their price target on NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, Jefferies Financial Group cut their price target on NextEra Energy from $81.00 to $77.00 in a research report 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 currently has a consensus rating of “Hold” and a consensus price target of $85.85.

NextEra Energy Company 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.