Nichols & Pratt Advisers LLP MA Sells 1,189 Shares of NextEra Energy, Inc. (NYSE:NEE)

Nichols & Pratt Advisers LLP MA lowered its holdings in NextEra Energy, Inc. (NYSE:NEE) by 23.9% in the 4th quarter, Holdings Channel reports. The firm owned 3,777 shares of the utilities provider’s stock after selling 1,189 shares during the period. Nichols & Pratt Advisers LLP MA’s holdings in NextEra Energy were worth $271,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of NEE. Jacobi Capital Management LLC boosted its stake in shares of NextEra Energy by 1.3% in the fourth quarter. Jacobi Capital Management LLC now owns 43,412 shares of the utilities provider’s stock worth $3,112,000 after acquiring an additional 538 shares during the period. Metis Global Partners LLC boosted its position in shares of NextEra Energy by 3.2% in the 4th quarter. Metis Global Partners LLC now owns 179,479 shares of the utilities provider’s stock worth $12,867,000 after purchasing an additional 5,551 shares in the last quarter. US Bancorp DE boosted its position in shares of NextEra Energy by 2.5% in the 4th quarter. US Bancorp DE now owns 3,066,037 shares of the utilities provider’s stock worth $219,805,000 after purchasing an additional 76,049 shares in the last quarter. Noesis Capital Mangement Corp raised its stake in NextEra Energy by 0.6% in the 4th quarter. Noesis Capital Mangement Corp now owns 155,244 shares of the utilities provider’s stock worth $11,129,000 after acquiring an additional 892 shares during the last quarter. Finally, Cobblestone Capital Advisors LLC NY raised its stake in NextEra Energy by 0.9% in the 4th quarter. Cobblestone Capital Advisors LLC NY now owns 24,559 shares of the utilities provider’s stock worth $1,761,000 after acquiring an additional 229 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insider Activity at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of the firm’s stock in a transaction dated 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 directly owns 27,427 shares of the company’s stock, valued at approximately $1,867,504.43. This trade represents a 7.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Scotiabank lifted their price target on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Evercore ISI cut their target price on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research report on Monday, January 27th. Jefferies Financial Group lowered their target price on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. JPMorgan Chase & Co. decreased their price objective on shares of NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Finally, BMO Capital Markets increased their target price on shares of NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $85.85.

NextEra Energy Trading Up 1.1 %

NextEra Energy stock opened at $70.17 on Friday. The firm has a 50 day simple moving average of $70.44 and a 200-day simple moving average of $76.32. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The stock has a market capitalization of $144.34 billion, a PE ratio of 20.82, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. As a group, equities 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 paid a $0.5665 dividend. 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. This represents a $2.27 dividend on an annualized basis and a yield of 3.23%. NextEra Energy’s dividend payout ratio (DPR) is presently 67.06%.

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.