Premier Fund Managers Ltd Sells 10,000 Shares of NextEra Energy, Inc. (NYSE:NEE)

Premier Fund Managers Ltd cut its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 25.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,000 shares of the utilities provider’s stock after selling 10,000 shares during the quarter. Premier Fund Managers Ltd’s holdings in NextEra Energy were worth $2,152,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Broadway Wealth Solutions Inc. bought a new stake in shares of NextEra Energy during the 4th quarter worth $262,000. Boussard & Gavaudan Investment Management LLP purchased a new stake in NextEra Energy during the fourth quarter valued at about $2,609,000. New Age Alpha Advisors LLC bought a new stake in NextEra Energy during the fourth quarter worth about $193,000. Norges Bank purchased a new position in shares of NextEra Energy in the 4th quarter worth about $3,484,197,000. Finally, Caisse Des Depots ET Consignations bought a new position in shares of NextEra Energy during the 4th quarter valued at about $7,394,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

NYSE:NEE opened at $70.08 on Friday. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. NextEra Energy, Inc. has a twelve month low of $61.31 and a twelve month high of $86.10. The stock has a market cap of $144.15 billion, a P/E ratio of 20.79, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. The firm’s fifty day simple moving average is $70.68 and its 200 day simple moving average is $75.27.

NextEra Energy (NYSE:NEE) last announced its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share 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%. As a group, research analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current 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 $0.5665 dividend. The ex-dividend date was Friday, February 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.23%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s dividend payout ratio is currently 67.06%.

Analyst Ratings Changes

A number of brokerages have commented on NEE. JPMorgan Chase & Co. increased their price target on shares of NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. BMO Capital Markets boosted their price target on shares of NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Evercore ISI cut their price target on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research report on Monday, January 27th. Guggenheim reiterated a “buy” rating and issued a $89.00 price objective on shares of NextEra Energy in a report on Thursday, March 20th. Finally, Scotiabank increased their target price on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $85.92.

Insider Activity

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the stock in a transaction on 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 transaction, the chief accounting officer now owns 27,427 shares in the company, valued at approximately $1,867,504.43. This represents a 7.99 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is currently owned by company 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.