Envestnet Portfolio Solutions Inc. Cuts Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Envestnet Portfolio Solutions Inc. lessened its position in NextEra Energy, Inc. (NYSE:NEE) by 9.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 364,688 shares of the utilities provider’s stock after selling 38,162 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in NextEra Energy were worth $26,144,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in NEE. one8zero8 LLC purchased a new stake in NextEra Energy during the 4th quarter valued at about $494,000. Choate Investment Advisors grew its holdings in NextEra Energy by 4.3% in the 4th quarter. Choate Investment Advisors now owns 53,270 shares of the utilities provider’s stock valued at $3,819,000 after buying an additional 2,210 shares in the last quarter. Natixis Advisors LLC increased its position in NextEra Energy by 0.4% during the fourth quarter. Natixis Advisors LLC now owns 941,088 shares of the utilities provider’s stock worth $67,467,000 after purchasing an additional 4,190 shares during the last quarter. Harbour Investment Management LLC raised its position in shares of NextEra Energy by 0.7% during the 4th quarter. Harbour Investment Management LLC now owns 43,319 shares of the utilities provider’s stock valued at $3,106,000 after buying an additional 303 shares during the period. Finally, Clearstead Trust LLC lifted its stake in shares of NextEra Energy by 37.3% in the 4th quarter. Clearstead Trust LLC now owns 23,762 shares of the utilities provider’s stock valued at $1,703,000 after purchasing an additional 6,456 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Stock Performance

Shares of NextEra Energy stock opened at $73.59 on Friday. The business has a 50-day simple moving average of $70.51 and a 200-day simple moving average of $75.85. 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 $59.44 and a one year high of $86.10. The company has a market cap of $151.37 billion, a PE ratio of 21.84, a P/E/G ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, hitting 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, equities research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

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

Analyst Ratings Changes

Several analysts recently issued reports on the stock. BMO Capital Markets boosted their price objective on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Jefferies Financial Group decreased their price objective on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Morgan Stanley lifted their target price on shares of NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Evercore ISI lowered their price target on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research report on Monday, January 27th. Finally, JPMorgan Chase & Co. boosted their price objective on NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday, March 11th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $85.92.

Insider Buying and Selling at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total value of $162,258.47. Following the transaction, the chief accounting officer now owns 27,427 shares in the company, valued at approximately $1,867,504.43. This represents a 7.99 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.18% of the stock is 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.