LM Advisors LLC Sells 2,950 Shares of NextEra Energy, Inc. (NYSE:NEE)

LM Advisors LLC lowered its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 17.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 13,678 shares of the utilities provider’s stock after selling 2,950 shares during the quarter. LM Advisors LLC’s holdings in NextEra Energy were worth $981,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Burkett Financial Services LLC boosted its holdings in shares of NextEra Energy by 1,229.6% during the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after buying an additional 332 shares in the last quarter. Sugar Maple Asset Management LLC acquired a new position in shares of NextEra Energy during the fourth quarter valued at about $28,000. Quarry LP acquired a new position in NextEra Energy during the 3rd quarter worth approximately $33,000. Luken Investment Analytics LLC bought a new stake in shares of NextEra Energy during the fourth quarter valued at approximately $36,000. Finally, Midwest Capital Advisors LLC acquired a new position in shares of NextEra Energy during the fourth quarter worth approximately $44,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Guggenheim restated a “buy” rating and issued a $89.00 target price on shares of NextEra Energy in a report on Thursday, March 20th. Morgan Stanley upped their target price on shares of NextEra Energy from $95.00 to $97.00 and gave the stock an “overweight” rating in a research note on Thursday, March 20th. Scotiabank boosted their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Evercore ISI decreased their price objective on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research note on Monday, January 27th. Finally, JPMorgan Chase & Co. lifted their target price on NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 11th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $85.92.

NextEra Energy Trading Up 1.6 %

Shares of NEE stock opened at $69.66 on Thursday. The stock has a market capitalization of $143.28 billion, a price-to-earnings ratio of 20.67, a PEG ratio of 2.45 and a beta of 0.58. The company’s fifty day simple moving average is $70.70 and its two-hundred day simple moving average is $75.30. NextEra Energy, Inc. has a 1 year low of $61.31 and a 1 year high of $86.10. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38.

NextEra Energy (NYSE:NEE) last released 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 return on equity of 11.85% and a net margin of 28.06%. As a group, analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were paid a dividend of $0.5665 per share. The ex-dividend date was Friday, February 28th. This represents a $2.27 annualized dividend and a yield of 3.25%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s payout ratio is currently 67.06%.

Insider Buying and Selling

In other news, CAO James Michael May sold 2,383 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were 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 of the company’s stock, valued at approximately $1,867,504.43. This represents a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.18% of the stock is currently owned by insiders.

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.