Cutler Investment Counsel LLC Sells 1,101 Shares of NextEra Energy, Inc. (NYSE:NEE)

Cutler Investment Counsel LLC trimmed its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 143,884 shares of the utilities provider’s stock after selling 1,101 shares during the quarter. NextEra Energy accounts for about 1.3% of Cutler Investment Counsel LLC’s holdings, making the stock its 28th largest position. Cutler Investment Counsel LLC’s holdings in NextEra Energy were worth $10,315,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of NEE. Reston Wealth Management LLC bought a new stake in shares of NextEra Energy in the 3rd quarter worth approximately $27,000. Burkett Financial Services LLC increased its position in NextEra Energy by 1,229.6% in the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after buying an additional 332 shares during the last quarter. Sugar Maple Asset Management LLC bought a new stake in shares of NextEra Energy in the fourth quarter valued at $28,000. Quarry LP purchased a new position in shares of NextEra Energy during the 3rd quarter valued at $33,000. Finally, Maryland Capital Advisors Inc. bought a new position in shares of NextEra Energy during the 3rd quarter worth $39,000. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Stock Performance

NextEra Energy stock opened at $68.06 on Monday. The firm’s fifty day moving average price is $70.97 and its 200-day moving average price is $76.84. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The stock has a market cap of $139.97 billion, a P/E ratio of 20.20, a price-to-earnings-growth ratio of 2.42 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data 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, equities research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share 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. Stockholders of record on Friday, February 28th will be paid a dividend of $0.5665 per share. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a dividend yield of 3.33%. NextEra Energy’s payout ratio is 61.13%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Scotiabank upped their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Guggenheim upped their price target on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. BMO Capital Markets lifted their price objective on shares of NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Royal Bank of Canada downgraded NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Finally, Evercore ISI reduced 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. Eight investment 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 currently has a consensus rating of “Hold” and an average target price of $85.85.

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.