NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Roanoke Asset Management Corp NY

Roanoke Asset Management Corp NY reduced its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 9.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,855 shares of the utilities provider’s stock after selling 2,400 shares during the period. Roanoke Asset Management Corp NY’s holdings in NextEra Energy were worth $1,710,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in NEE. Burkett Financial Services LLC increased its position in shares of NextEra Energy by 1,229.6% during the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 332 shares during the period. Reston Wealth Management LLC acquired a new position in NextEra Energy during the 3rd quarter worth $27,000. Sugar Maple Asset Management LLC purchased a new stake in NextEra Energy during the 4th quarter worth about $28,000. Quarry LP acquired a new stake in NextEra Energy in the 3rd quarter valued at about $33,000. Finally, Luken Investment Analytics LLC purchased a new position in shares of NextEra Energy in the 4th quarter valued at about $36,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

NextEra Energy Stock Up 1.1 %

Shares of NYSE NEE opened at $70.17 on Friday. The stock has a market cap 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 52-week low of $53.95 and a 52-week high of $86.10. The business has a 50-day moving average price of $70.44 and a 200 day moving average price of $76.32. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE) last announced its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Equities research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders 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 payout ratio is currently 67.06%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on NEE. JPMorgan Chase & Co. cut their target price on shares of NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. 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 report on Monday, January 27th. BMO Capital Markets lifted their price objective on shares of NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Morgan Stanley increased their target price on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Finally, Jefferies Financial Group decreased their price target on NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, NextEra Energy currently has an average rating of “Hold” and an average price target of $85.85.

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.