Callan Capital LLC Lowers Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Callan Capital LLC lowered its position in NextEra Energy, Inc. (NYSE:NEE) by 6.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,601 shares of the utilities provider’s stock after selling 830 shares during the period. Callan Capital LLC’s holdings in NextEra Energy were worth $832,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Burkett Financial Services LLC boosted its position in shares of NextEra Energy by 1,229.6% in the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 332 shares during the period. Reston Wealth Management LLC purchased a new position in shares of NextEra Energy during the third quarter worth approximately $27,000. Sugar Maple Asset Management LLC purchased a new position in shares of NextEra Energy during the fourth quarter worth approximately $28,000. Quarry LP purchased a new position in shares of NextEra Energy in the third quarter worth $33,000. Finally, Luken Investment Analytics LLC purchased a new position in shares of NextEra Energy in the fourth quarter worth $36,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Scotiabank upped 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 report on Thursday, December 12th. JPMorgan Chase & Co. cut their price objective on shares of NextEra Energy from $99.00 to $90.00 in a report on Monday, January 27th. BMO Capital Markets increased their price objective on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Jefferies Financial Group cut their target price on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Finally, Morgan Stanley lifted their price objective on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research note 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. Based on data from MarketBeat.com, NextEra Energy has an average rating of “Hold” and a consensus target price of $85.85.

Insider Activity at NextEra Energy

In related news, CAO James Michael May sold 2,383 shares of the company’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 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 represents a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.18% of the stock is owned by insiders.

NextEra Energy Stock Performance

Shares of NextEra Energy stock opened at $71.74 on Friday. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10. The company has a market capitalization of $147.56 billion, a PE ratio of 21.29, a P/E/G ratio of 2.41 and a beta of 0.58. 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 company has a 50-day simple moving average of $70.53 and a two-hundred day simple moving average of $76.56.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share 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%. Research analysts expect 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 will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be given a $0.5665 dividend. The ex-dividend date is Friday, February 28th. This represents a $2.27 dividend on an annualized basis and a yield of 3.16%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s dividend payout ratio is currently 61.13%.

About NextEra Energy

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.