Curi RMB Capital LLC Sells 4,871 Shares of NextEra Energy, Inc. (NYSE:NEE)

Curi RMB Capital LLC decreased its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 14.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 27,957 shares of the utilities provider’s stock after selling 4,871 shares during the period. Curi RMB Capital LLC’s holdings in NextEra Energy were worth $2,004,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in NEE. Burkett Financial Services LLC raised its stake 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 valued at $26,000 after acquiring an additional 332 shares in the last quarter. Sugar Maple Asset Management LLC purchased a new position in NextEra Energy during the 4th quarter worth $28,000. WealthTrak Capital Management LLC bought a new stake in NextEra Energy during the 4th quarter valued at $33,000. Luken Investment Analytics LLC bought a new stake in NextEra Energy during the 4th quarter valued at $36,000. Finally, Midwest Capital Advisors LLC bought a new position in shares of NextEra Energy during the 4th quarter worth $44,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at NextEra Energy

In related news, CAO James Michael May sold 2,383 shares of the firm’s stock in a transaction 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 owns 27,427 shares of the company’s stock, valued at $1,867,504.43. This trade represents a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.18% of the company’s stock.

NextEra Energy Price Performance

Shares of NYSE NEE opened at $66.29 on Monday. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $86.10. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The company has a market cap of $136.47 billion, a PE ratio of 19.67, a P/E/G ratio of 2.45 and a beta of 0.58. The business has a 50-day simple moving average of $69.63 and a two-hundred day simple moving average of $73.14.

NextEra Energy (NYSE:NEE) last released its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. As a group, equities analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were given a dividend of $0.5665 per share. The ex-dividend date was Friday, February 28th. This represents a $2.27 dividend on an annualized basis and a yield of 3.42%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s payout ratio is currently 67.06%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Guggenheim reaffirmed a “buy” rating and issued a $89.00 price objective on shares of NextEra Energy in a research note on Thursday, March 20th. Erste Group Bank raised shares of NextEra Energy to a “strong-buy” rating in a research report on Wednesday, April 16th. JPMorgan Chase & Co. lifted their price objective on shares of NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday, March 11th. BMO Capital Markets lowered their target price on NextEra Energy from $84.00 to $77.00 and set an “outperform” rating for the company in a report on Monday, April 14th. Finally, Morgan Stanley cut their price target on NextEra Energy from $97.00 to $94.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Eight equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, NextEra Energy has an average rating of “Moderate Buy” and an average price target of $85.15.

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.