Berkeley Capital Partners LLC Sells 944 Shares of NextEra Energy, Inc. (NYSE:NEE)

Berkeley Capital Partners LLC reduced its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 14.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,443 shares of the utilities provider’s stock after selling 944 shares during the quarter. Berkeley Capital Partners LLC’s holdings in NextEra Energy were worth $390,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Burkett Financial Services LLC grew its position in 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 buying an additional 332 shares during the period. Sugar Maple Asset Management LLC purchased a new position in shares of NextEra Energy during the 4th quarter worth $28,000. Quarry LP bought a new stake in shares of NextEra Energy during the 3rd quarter valued at $33,000. Luken Investment Analytics LLC purchased a new stake in shares of NextEra Energy in the 4th quarter worth $36,000. Finally, Midwest Capital Advisors LLC bought a new position in NextEra Energy in the 4th quarter worth $44,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Down 0.3 %

Shares of NEE stock opened at $70.47 on Thursday. The company’s fifty day simple moving average is $70.54 and its two-hundred day simple moving average is $75.66. NextEra Energy, Inc. has a 52 week low of $61.29 and a 52 week high of $86.10. The stock has a market cap of $144.96 billion, a P/E ratio of 20.91, a PEG 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.

NextEra Energy (NYSE:NEE) last posted its earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. Analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were given a dividend of $0.5665 per share. 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 3.22%. The ex-dividend date was Friday, February 28th. NextEra Energy’s dividend payout ratio is currently 67.06%.

Wall Street Analyst Weigh In

Several research firms have issued reports on NEE. Jefferies Financial Group cut their price target on NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. BMO Capital Markets boosted their price objective on NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Scotiabank raised their target price 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. Evercore ISI lowered their price target 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. Finally, JPMorgan Chase & Co. increased their price objective 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. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, NextEra Energy has an average rating of “Hold” and an average price target of $85.92.

Insider Activity at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the 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 in the company, valued at $1,867,504.43. This trade represents a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.18% of the stock is currently owned by insiders.

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.