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

Schrum Private Wealth Management LLC reduced its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 39.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,157 shares of the utilities provider’s stock after selling 4,703 shares during the period. Schrum Private Wealth Management LLC’s holdings in NextEra Energy were worth $513,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in NEE. Howard Capital Management Group LLC lifted its stake in shares of NextEra Energy by 1.8% in the 3rd quarter. Howard Capital Management Group LLC now owns 299,215 shares of the utilities provider’s stock valued at $25,293,000 after purchasing an additional 5,409 shares during the period. Impax Asset Management Group plc bought a new position in shares of NextEra Energy during the third quarter worth approximately $1,624,000. Catalyst Capital Advisors LLC raised its position in NextEra Energy by 21.0% during the third quarter. Catalyst Capital Advisors LLC now owns 1,950 shares of the utilities provider’s stock valued at $165,000 after purchasing an additional 338 shares in the last quarter. United Advisor Group LLC bought a new position in NextEra Energy in the third quarter valued at about $235,000. Finally, Pittenger & Anderson Inc. raised its position in shares of NextEra Energy by 11.6% during the third quarter. Pittenger & Anderson Inc. now owns 15,602 shares of the utilities provider’s stock worth $1,319,000 after acquiring an additional 1,625 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

Shares of NYSE NEE opened at $70.51 on Thursday. NextEra Energy, Inc. has a 52 week low of $55.26 and a 52 week high of $86.10. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The firm has a market cap of $145.03 billion, a P/E ratio of 20.92, a P/E/G ratio of 2.45 and a beta of 0.58. The business’s 50 day moving average price is $70.33 and its 200 day moving average price is $76.16.

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, meeting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. On average, sell-side analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current 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 issued a $0.5665 dividend. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date is Friday, February 28th. This represents a $2.27 dividend on an annualized basis and a yield of 3.21%. NextEra Energy’s payout ratio is presently 67.06%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Morgan Stanley raised their price objective on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Scotiabank upped their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Evercore ISI cut their target price on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a report on Monday, January 27th. JPMorgan Chase & Co. reduced their price target on NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Finally, BMO Capital Markets upped their price target on shares of NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, NextEra Energy currently has an average rating of “Hold” and a consensus target price of $85.85.

Insiders Place Their Bets

In other news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total value of $162,258.47. Following the sale, the chief accounting officer now owns 27,427 shares in the company, 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 Securities & Exchange Commission, which is available through this link. 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.