Edge Capital Group LLC Sells 1,359 Shares of NextEra Energy, Inc. (NYSE:NEE)

Edge Capital Group LLC lessened its stake in NextEra Energy, Inc. (NYSE:NEE) by 8.3% in the fourth quarter, HoldingsChannel reports. The firm owned 15,082 shares of the utilities provider’s stock after selling 1,359 shares during the period. Edge Capital Group LLC’s holdings in NextEra Energy were worth $1,081,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Tandem Capital Management Corp ADV increased its position in NextEra Energy by 1.3% during the 3rd quarter. Tandem Capital Management Corp ADV now owns 9,935 shares of the utilities provider’s stock valued at $840,000 after purchasing an additional 125 shares during the period. Insight Folios Inc boosted its stake in shares of NextEra Energy by 1.5% during the third quarter. Insight Folios Inc now owns 8,439 shares of the utilities provider’s stock valued at $713,000 after purchasing an additional 126 shares in the last quarter. Taylor & Morgan Wealth Management LLC increased its holdings in NextEra Energy by 1.7% during the third quarter. Taylor & Morgan Wealth Management LLC now owns 7,744 shares of the utilities provider’s stock valued at $655,000 after buying an additional 126 shares during the period. Boston Trust Walden Corp raised its stake in NextEra Energy by 0.4% in the third quarter. Boston Trust Walden Corp now owns 30,720 shares of the utilities provider’s stock worth $2,597,000 after buying an additional 130 shares in the last quarter. Finally, Fiduciary Family Office LLC raised its stake in NextEra Energy by 1.0% in the third quarter. Fiduciary Family Office LLC now owns 13,496 shares of the utilities provider’s stock worth $1,141,000 after buying an additional 139 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

Insiders Place Their Bets

In other news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction that occurred on 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 $1,867,504.43. The trade was a 7.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.18% of the company’s stock.

NextEra Energy Price Performance

Shares of NEE opened at $70.72 on Tuesday. The firm has a market capitalization of $145.48 billion, a PE ratio of 20.99, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. 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 company’s fifty day moving average price is $70.48 and its 200-day moving average price is $76.50. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10.

NextEra Energy (NYSE:NEE) last posted its earnings results 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 predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be given 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 yield of 3.20%. The ex-dividend date is Friday, February 28th. NextEra Energy’s dividend payout ratio (DPR) is currently 67.06%.

Analysts Set New Price Targets

NEE has been the topic of several recent research reports. Scotiabank increased their target price on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research report 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 note on Monday, January 27th. Jefferies Financial Group lowered their price target on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. JPMorgan Chase & Co. cut their price objective on shares of NextEra Energy from $99.00 to $90.00 in a research report 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 report on Monday, January 27th. Eight 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 presently has an average rating of “Hold” and a consensus target price of $85.85.

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.