Mayport LLC Has $315,000 Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Mayport LLC trimmed its position in NextEra Energy, Inc. (NYSE:NEE) by 5.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,387 shares of the utilities provider’s stock after selling 230 shares during the period. Mayport LLC’s holdings in NextEra Energy were worth $315,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Howard Capital Management Group LLC boosted its holdings in shares of NextEra Energy by 1.8% during the third quarter. Howard Capital Management Group LLC now owns 299,215 shares of the utilities provider’s stock worth $25,293,000 after purchasing an additional 5,409 shares during the period. Angeles Wealth Management LLC boosted its holdings in shares of NextEra Energy by 9.2% during the third quarter. Angeles Wealth Management LLC now owns 3,641 shares of the utilities provider’s stock worth $308,000 after purchasing an additional 308 shares during the period. Forum Financial Management LP boosted its holdings in shares of NextEra Energy by 3.3% during the third quarter. Forum Financial Management LP now owns 6,792 shares of the utilities provider’s stock worth $574,000 after purchasing an additional 218 shares during the period. Donaldson Capital Management LLC boosted its holdings in shares of NextEra Energy by 1.1% during the third quarter. Donaldson Capital Management LLC now owns 685,721 shares of the utilities provider’s stock worth $57,964,000 after purchasing an additional 7,164 shares during the period. Finally, Ground Swell Capital LLC acquired a new stake in shares of NextEra Energy during the third quarter worth approximately $220,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Trading Up 2.1 %

Shares of NextEra Energy stock opened at $71.64 on Tuesday. The firm has a market capitalization of $147.37 billion, a PE ratio of 21.26, 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 $70.42 and its two-hundred day moving average price is $76.25. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10.

NextEra Energy (NYSE:NEE) last issued 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 net margin of 28.06% and a return on equity of 11.85%. On average, analysts expect 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 an increase from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date is Friday, February 28th. This represents a $2.27 annualized dividend and a yield of 3.16%. NextEra Energy’s dividend payout ratio is 67.06%.

Analysts Set New Price Targets

Several analysts recently commented on NEE shares. Scotiabank raised their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Jefferies Financial Group reduced their target price on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. JPMorgan Chase & Co. reduced their target price on shares of NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Morgan Stanley lifted their target price on shares of NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Finally, BMO Capital Markets lifted their target price on shares of NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $85.85.

Insider Buying and Selling

In other news, CAO James Michael May sold 2,383 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total value of $162,258.47. Following the completion of the sale, the chief accounting officer now directly owns 27,427 shares of the company’s stock, valued at $1,867,504.43. This represents a 7.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.18% of the stock is owned by corporate insiders.

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.