Dearborn Partners LLC Sells 900 Shares of NextEra Energy, Inc. (NYSE:NEE)

Dearborn Partners LLC cut its position in NextEra Energy, Inc. (NYSE:NEE) by 0.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 238,786 shares of the utilities provider’s stock after selling 900 shares during the quarter. Dearborn Partners LLC’s holdings in NextEra Energy were worth $17,119,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Second Line Capital LLC increased its position in NextEra Energy by 4.7% in the third quarter. Second Line Capital LLC now owns 3,097 shares of the utilities provider’s stock worth $262,000 after buying an additional 139 shares during the last quarter. Drive Wealth Management LLC grew its stake in shares of NextEra Energy by 2.8% during the 3rd quarter. Drive Wealth Management LLC now owns 5,332 shares of the utilities provider’s stock worth $451,000 after acquiring an additional 145 shares during the period. Accel Wealth Management increased its holdings in NextEra Energy by 1.7% in the 4th quarter. Accel Wealth Management now owns 8,615 shares of the utilities provider’s stock worth $618,000 after acquiring an additional 145 shares during the last quarter. L.M. Kohn & Company raised its stake in NextEra Energy by 1.0% in the 4th quarter. L.M. Kohn & Company now owns 15,353 shares of the utilities provider’s stock valued at $1,101,000 after acquiring an additional 145 shares during the period. Finally, 1ST Source Bank lifted its holdings in NextEra Energy by 0.4% during the third quarter. 1ST Source Bank now owns 34,178 shares of the utilities provider’s stock valued at $2,889,000 after purchasing an additional 147 shares during the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NEE has been the subject of several recent research reports. Scotiabank lifted their target price 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. Evercore ISI reduced their price objective on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research note on Monday, January 27th. JPMorgan Chase & Co. cut their price target on NextEra Energy from $99.00 to $90.00 in a report on Monday, January 27th. BMO Capital Markets boosted their price objective on NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Finally, Morgan Stanley raised their target price on NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $85.85.

NextEra Energy Stock Up 4.5 %

NEE opened at $76.14 on Tuesday. The business’s fifty day simple moving average is $70.39 and its 200 day simple moving average is $76.01. NextEra Energy, Inc. has a 52 week low of $56.55 and a 52 week high of $86.10. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The stock has a market cap of $156.62 billion, a PE ratio of 22.59, a P/E/G 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 EPS for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. As a group, research analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be issued a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 2.98%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date is Friday, February 28th. NextEra Energy’s payout ratio is presently 67.06%.

Insider Activity

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at $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 available at the SEC website. 0.18% of the stock is owned by corporate insiders.

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.