M. Kulyk & Associates LLC Sells 2,176 Shares of NextEra Energy, Inc. (NYSE:NEE)

M. Kulyk & Associates LLC lowered its position in NextEra Energy, Inc. (NYSE:NEE) by 4.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 42,214 shares of the utilities provider’s stock after selling 2,176 shares during the quarter. M. Kulyk & Associates LLC’s holdings in NextEra Energy were worth $3,026,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in NEE. Howard Capital Management Group LLC increased its holdings in shares of NextEra Energy by 1.8% in 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. Verity Asset Management Inc. bought a new position in NextEra Energy in the third quarter valued at $294,000. Capital Performance Advisors LLP bought a new position in NextEra Energy in the third quarter valued at $86,000. Leavell Investment Management Inc. increased its stake in NextEra Energy by 1.4% in the third quarter. Leavell Investment Management Inc. now owns 16,178 shares of the utilities provider’s stock valued at $1,367,000 after acquiring an additional 220 shares during the last quarter. Finally, Equitable Trust Co. increased its stake in NextEra Energy by 20.9% in the third quarter. Equitable Trust Co. now owns 40,639 shares of the utilities provider’s stock valued at $3,435,000 after acquiring an additional 7,036 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

NextEra Energy stock opened at $72.86 on Friday. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The firm has a 50-day moving average of $70.30 and a 200-day moving average of $76.05. The firm has a market cap of $149.88 billion, a P/E ratio of 21.62, a P/E/G ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a 1-year low of $56.31 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 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%. Sell-side analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be issued 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 annualized dividend and a yield of 3.11%. NextEra Energy’s dividend payout ratio (DPR) is 67.06%.

Insiders Place Their Bets

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were 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 in the company, 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 filing with the SEC, which is available at this link. 0.18% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on NEE shares. BMO Capital Markets increased their target price on NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Evercore ISI reduced 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. Morgan Stanley increased their target price on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Jefferies Financial Group reduced their target price on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Finally, Scotiabank upped their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, NextEra Energy currently has a consensus rating of “Hold” and a consensus price target of $85.85.

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.