Mission Wealth Management LP Has $2.65 Million Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Mission Wealth Management LP lowered its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 36,911 shares of the utilities provider’s stock after selling 1,420 shares during the quarter. Mission Wealth Management LP’s holdings in NextEra Energy were worth $2,646,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Fiduciary Family Office LLC raised its stake in NextEra Energy by 1.0% in the 3rd quarter. Fiduciary Family Office LLC now owns 13,496 shares of the utilities provider’s stock worth $1,141,000 after purchasing an additional 139 shares in the last quarter. Second Line Capital LLC increased its holdings in shares of NextEra Energy by 4.7% during the third quarter. Second Line Capital LLC now owns 3,097 shares of the utilities provider’s stock worth $262,000 after purchasing an additional 139 shares during the period. Drive Wealth Management LLC raised its position in shares of NextEra Energy by 2.8% in the third quarter. Drive Wealth Management LLC now owns 5,332 shares of the utilities provider’s stock valued at $451,000 after buying an additional 145 shares in the last quarter. Accel Wealth Management boosted its stake in shares of NextEra Energy by 1.7% in the fourth quarter. Accel Wealth Management now owns 8,615 shares of the utilities provider’s stock valued at $618,000 after buying an additional 145 shares during the period. Finally, L.M. Kohn & Company grew its position in NextEra Energy by 1.0% during the fourth quarter. L.M. Kohn & Company now owns 15,353 shares of the utilities provider’s stock worth $1,101,000 after buying an additional 145 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on NEE. Scotiabank lifted their price objective on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Morgan Stanley boosted their price target on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Evercore ISI reduced their price objective on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research note on Monday, January 27th. BMO Capital Markets boosted their target price on shares of NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Finally, Jefferies Financial Group reduced their price target on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, NextEra Energy presently has an average rating of “Hold” and an average price target of $85.85.

Insider Buying and Selling at NextEra Energy

In related news, CAO James Michael May sold 2,383 shares of the business’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 sale, the chief accounting officer now owns 27,427 shares of the company’s stock, valued at $1,867,504.43. The trade was a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Stock Up 2.1 %

Shares of NEE opened at $71.64 on Tuesday. 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 52 week low of $53.95 and a 52 week high of $86.10. The stock has a market capitalization of $147.37 billion, a price-to-earnings ratio of 21.26, a PEG ratio of 2.45 and a beta of 0.58. The stock has a fifty day moving average of $70.42 and a 200-day moving average of $76.25.

NextEra Energy (NYSE:NEE) last posted its 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 return on equity of 11.85% and a net margin of 28.06%. As a group, sell-side analysts anticipate 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. Shareholders of record on Friday, February 28th will be issued a dividend of $0.5665 per share. 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. The ex-dividend date of this dividend is Friday, February 28th. NextEra Energy’s payout ratio 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.