Oxford Financial Group LTD. LLC Sells 474 Shares of NextEra Energy, Inc. (NYSE:NEE)

Oxford Financial Group LTD. LLC lowered its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 14,099 shares of the utilities provider’s stock after selling 474 shares during the period. Oxford Financial Group LTD. LLC’s holdings in NextEra Energy were worth $1,011,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Burkett Financial Services LLC lifted its stake in NextEra Energy by 1,229.6% during the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 332 shares during the period. Sugar Maple Asset Management LLC bought a new position in shares of NextEra Energy in the 4th quarter worth approximately $28,000. Quarry LP bought a new position in shares of NextEra Energy in the 3rd quarter worth approximately $33,000. Luken Investment Analytics LLC bought a new position in shares of NextEra Energy in the 4th quarter worth approximately $36,000. Finally, Harvest Fund Management Co. Ltd lifted its stake in shares of NextEra Energy by 2,482.6% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 594 shares of the utilities provider’s stock worth $50,000 after purchasing an additional 571 shares during the period. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Up 1.0 %

Shares of NEE opened at $71.17 on Friday. 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, Inc. has a 1 year low of $61.29 and a 1 year high of $86.10. The company has a 50 day simple moving average of $70.55 and a two-hundred day simple moving average of $75.63. The firm has a market cap of $146.40 billion, a P/E ratio of 21.12, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last announced 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 net margin of 28.06% and a return on equity of 11.85%. On average, equities analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were given a dividend of $0.5665 per share. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date was Friday, February 28th. NextEra Energy’s dividend payout ratio is currently 67.06%.

Analysts Set New Price Targets

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

Insider Activity

In other news, CAO James Michael May sold 2,383 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 in the company, valued at approximately $1,867,504.43. This represents a 7.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy 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.