Syon Capital LLC Reduces Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Syon Capital LLC trimmed its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 15.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,278 shares of the utilities provider’s stock after selling 3,618 shares during the quarter. Syon Capital LLC’s holdings in NextEra Energy were worth $1,454,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in 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. Sugar Maple Asset Management LLC bought a new position in shares of NextEra Energy during the 4th quarter valued at $28,000. WealthTrak Capital Management LLC bought a new position in NextEra Energy in the fourth quarter valued at about $33,000. Luken Investment Analytics LLC purchased a new position in shares of NextEra Energy in the fourth quarter worth approximately $36,000. Finally, Midwest Capital Advisors LLC purchased a new position in shares of NextEra Energy during the 4th quarter worth $44,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Trading Up 0.8 %

Shares of NYSE:NEE opened at $67.19 on Thursday. The company has a market capitalization of $138.32 billion, a PE ratio of 19.94, a P/E/G ratio of 2.45 and a beta of 0.58. 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 business’s fifty day simple moving average is $69.48 and its 200-day simple moving average is $72.92. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, meeting the consensus estimate of $0.99. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. The firm had revenue of $6.25 billion during the quarter, compared to analyst estimates of $6.58 billion. As a group, equities research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal 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 issued a dividend of $0.5665 per share. The ex-dividend date of this dividend 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 dividend yield of 3.37%. NextEra Energy’s payout ratio is 67.06%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Morgan Stanley cut their price objective on NextEra Energy from $97.00 to $94.00 and set an “overweight” rating for the company in a research note on Wednesday, April 16th. Guggenheim reaffirmed a “buy” rating and issued a $89.00 target price on shares of NextEra Energy in a report on Thursday, March 20th. Barclays lowered their price objective on shares of NextEra Energy from $77.00 to $73.00 and set an “equal weight” rating for the company in a research report on Tuesday. BMO Capital Markets dropped their target price on NextEra Energy from $84.00 to $77.00 and set an “outperform” rating for the company in a report on Monday, April 14th. Finally, Erste Group Bank raised shares of NextEra Energy to a “strong-buy” rating in a research note on Wednesday, April 16th. Eight analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $84.46.

Insider Activity

In related news, CAO James Michael May sold 2,383 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total transaction of $162,258.47. Following the completion of the transaction, the chief accounting officer now owns 27,427 shares of the company’s stock, valued at $1,867,504.43. This trade represents a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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.