Wealthfront Advisers LLC Sells 224,397 Shares of NextEra Energy, Inc. (NYSE:NEE)

Wealthfront Advisers LLC decreased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 91.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 20,191 shares of the utilities provider’s stock after selling 224,397 shares during the period. Wealthfront Advisers LLC’s holdings in NextEra Energy were worth $1,447,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in NEE. Burkett Financial Services LLC increased its stake 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 valued at $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 in the 4th quarter worth approximately $28,000. Quarry LP bought a new position in NextEra Energy during the 3rd quarter valued at approximately $33,000. Luken Investment Analytics LLC purchased a new position in NextEra Energy during the fourth quarter valued at $36,000. Finally, Midwest Capital Advisors LLC bought a new stake in NextEra Energy in the fourth quarter worth $44,000. Institutional investors own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on NEE. BMO Capital Markets raised their price target on NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Scotiabank raised their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. upped their target price on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 11th. Jefferies Financial Group reduced their price target on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Finally, Morgan Stanley boosted their price objective on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, NextEra Energy currently has a consensus rating of “Hold” and an average target price of $85.92.

Insiders Place Their Bets

In related news, CAO James Michael May sold 2,383 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 directly owns 27,427 shares in the company, valued at approximately $1,867,504.43. The trade was a 7.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.18% of the company’s stock.

NextEra Energy Trading Up 1.2 %

NextEra Energy stock opened at $73.59 on Friday. NextEra Energy, Inc. has a 52-week low of $59.44 and a 52-week high of $86.10. The company has a market cap of $151.37 billion, a P/E ratio of 21.84, a P/E/G ratio of 2.45 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. The business has a 50-day simple moving average of $70.51 and a two-hundred day simple moving average of $75.85.

NextEra Energy (NYSE:NEE) last announced its earnings results on Friday, January 24th. The utilities provider reported $0.53 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%. Analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a yield of 3.08%. The ex-dividend date is Friday, February 28th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s payout ratio is currently 67.06%.

NextEra Energy Company 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.