Kessler Investment Group LLC Sells 399 Shares of NextEra Energy, Inc. (NYSE:NEE)

Kessler Investment Group LLC reduced its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 6.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,722 shares of the utilities provider’s stock after selling 399 shares during the quarter. Kessler Investment Group LLC’s holdings in NextEra Energy were worth $410,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Tandem Capital Management Corp ADV boosted its stake in NextEra Energy by 1.3% during the 3rd quarter. Tandem Capital Management Corp ADV now owns 9,935 shares of the utilities provider’s stock valued at $840,000 after purchasing an additional 125 shares during the last quarter. Insight Folios Inc boosted its stake in NextEra Energy by 1.5% during the 3rd quarter. Insight Folios Inc now owns 8,439 shares of the utilities provider’s stock valued at $713,000 after purchasing an additional 126 shares during the last quarter. Taylor & Morgan Wealth Management LLC boosted its stake in NextEra Energy by 1.7% during the 3rd quarter. Taylor & Morgan Wealth Management LLC now owns 7,744 shares of the utilities provider’s stock valued at $655,000 after purchasing an additional 126 shares during the last quarter. Osborne Partners Capital Management LLC boosted its stake in NextEra Energy by 1.2% during the 3rd quarter. Osborne Partners Capital Management LLC now owns 10,724 shares of the utilities provider’s stock valued at $906,000 after purchasing an additional 128 shares during the last quarter. Finally, Boston Trust Walden Corp boosted its stake in NextEra Energy by 0.4% during the 3rd quarter. Boston Trust Walden Corp now owns 30,720 shares of the utilities provider’s stock valued at $2,597,000 after purchasing an additional 130 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Price Performance

Shares of NextEra Energy stock opened at $68.06 on Friday. The stock’s 50-day simple moving average is $71.12 and its 200-day simple moving average is $76.86. NextEra Energy, Inc. has a 52 week low of $53.95 and a 52 week high of $86.10. The company has a market capitalization of $139.97 billion, a price-to-earnings ratio of 20.20, a PEG ratio of 2.42 and a beta of 0.58. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE) last issued 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, analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share 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. Stockholders of record on Friday, February 28th will be issued a $0.5665 dividend. This represents a $2.27 annualized dividend and a dividend yield of 3.33%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s payout ratio is 61.13%.

Analyst Upgrades and Downgrades

NEE has been the topic of several research analyst reports. Barclays increased their price target on NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Morgan Stanley increased their price target on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Scotiabank increased their price target on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. BMO Capital Markets increased their price target on NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Finally, Evercore ISI lowered their price target on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a report on Monday, January 27th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $85.85.

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.