Zullo Investment Group Inc. Sells 226 Shares of NextEra Energy, Inc. (NYSE:NEE)

Zullo Investment Group Inc. lessened its holdings in NextEra Energy, Inc. (NYSE:NEE) by 2.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,516 shares of the utilities provider’s stock after selling 226 shares during the period. Zullo Investment Group Inc.’s holdings in NextEra Energy were worth $754,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of NEE. Boston Financial Mangement LLC lifted its stake in NextEra Energy by 0.4% in the fourth quarter. Boston Financial Mangement LLC now owns 95,819 shares of the utilities provider’s stock worth $6,869,000 after purchasing an additional 423 shares during the last quarter. Concurrent Investment Advisors LLC increased its stake in shares of NextEra Energy by 1.6% during the fourth quarter. Concurrent Investment Advisors LLC now owns 91,455 shares of the utilities provider’s stock valued at $6,556,000 after buying an additional 1,429 shares during the period. Meitav Investment House Ltd. increased its position in NextEra Energy by 13.8% during the 4th quarter. Meitav Investment House Ltd. now owns 837,698 shares of the utilities provider’s stock valued at $60,028,000 after purchasing an additional 101,698 shares during the period. Handelsbanken Fonder AB raised its stake in NextEra Energy by 4.5% in the fourth quarter. Handelsbanken Fonder AB now owns 364,294 shares of the utilities provider’s stock worth $26,116,000 after buying an additional 15,573 shares in the last quarter. Finally, Private Advisor Group LLC lifted its stake in shares of NextEra Energy by 3.5% in the 4th quarter. Private Advisor Group LLC now owns 236,248 shares of the utilities provider’s stock valued at $16,937,000 after purchasing an additional 8,046 shares during the period. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

NYSE:NEE opened at $69.04 on Thursday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10. The stock has a 50 day moving average price of $70.62 and a 200 day moving average price of $76.64. The stock has a market cap of $141.98 billion, a PE ratio of 20.49, a P/E/G ratio of 2.38 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 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%. Equities research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be given a $0.5665 dividend. The ex-dividend date of this dividend is Friday, February 28th. This is an increase 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 3.28%. NextEra Energy’s dividend payout ratio is currently 61.13%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NEE. BMO Capital Markets lifted their price target on shares of NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Jefferies Financial Group dropped their price target on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Evercore ISI lowered their price objective on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research note on Monday, January 27th. Guggenheim upped their price target on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Scotiabank boosted their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research note on Thursday, December 12th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $85.85.

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.