NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Interchange Capital Partners LLC

Interchange Capital Partners LLC trimmed its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 5.6% in the 4th quarter, Holdings Channel reports. The firm owned 17,308 shares of the utilities provider’s stock after selling 1,019 shares during the period. Interchange Capital Partners LLC’s holdings in NextEra Energy were worth $1,241,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in NEE. Burkett Financial Services LLC increased its position in shares of NextEra Energy by 1,229.6% during the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 332 shares in the last quarter. Sugar Maple Asset Management LLC purchased a new stake in shares of NextEra Energy during the fourth quarter worth approximately $28,000. Quarry LP purchased a new stake in shares of NextEra Energy during the third quarter worth approximately $33,000. Luken Investment Analytics LLC purchased a new stake in shares of NextEra Energy during the fourth quarter worth approximately $36,000. Finally, Midwest Capital Advisors LLC purchased a new stake in shares of NextEra Energy during the fourth quarter worth approximately $44,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NEE has been the topic of a number of recent research reports. Jefferies Financial Group lowered their price objective on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Evercore ISI cut their price objective 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. Guggenheim restated a “buy” rating and set a $89.00 price objective on shares of NextEra Energy in a research report on Thursday. Scotiabank raised their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. raised their price objective on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a research report 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 stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $85.92.

Insider Activity at NextEra Energy

In related news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total value of $162,258.47. Following the completion of the transaction, the chief accounting officer now directly owns 27,427 shares in the company, valued at approximately $1,867,504.43. This trade represents a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.18% of the stock is currently owned by company insiders.

NextEra Energy Price Performance

NEE opened at $70.92 on Monday. The stock’s 50-day moving average price is $70.62 and its 200 day moving average price is $75.49. NextEra Energy, Inc. has a 12-month low of $61.30 and a 12-month high of $86.10. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The firm has a market cap of $145.87 billion, a price-to-earnings ratio of 21.04, a PEG ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last posted its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. As a group, sell-side analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were issued a $0.5665 dividend. The ex-dividend date was Friday, February 28th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 dividend on an annualized basis and a yield of 3.20%. NextEra Energy’s dividend payout ratio (DPR) is 67.06%.

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.