Wealthspire Advisors LLC Trims Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Wealthspire Advisors LLC lowered its position in NextEra Energy, Inc. (NYSE:NEE) by 9.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 40,360 shares of the utilities provider’s stock after selling 4,293 shares during the quarter. Wealthspire Advisors LLC’s holdings in NextEra Energy were worth $2,893,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Empowered Funds LLC lifted its stake in NextEra Energy by 14.7% in the fourth quarter. Empowered Funds LLC now owns 45,566 shares of the utilities provider’s stock valued at $3,267,000 after buying an additional 5,831 shares during the last quarter. Nordea Investment Management AB lifted its stake in NextEra Energy by 20.9% in the fourth quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock valued at $634,703,000 after buying an additional 1,525,436 shares during the last quarter. Empower Advisory Group LLC lifted its stake in NextEra Energy by 2.3% in the fourth quarter. Empower Advisory Group LLC now owns 1,823,327 shares of the utilities provider’s stock valued at $130,714,000 after buying an additional 41,328 shares during the last quarter. Swiss National Bank lifted its stake in NextEra Energy by 0.4% in the third quarter. Swiss National Bank now owns 6,098,200 shares of the utilities provider’s stock valued at $515,481,000 after buying an additional 21,400 shares during the last quarter. Finally, Czech National Bank lifted its stake in NextEra Energy by 6.5% in the fourth quarter. Czech National Bank now owns 445,870 shares of the utilities provider’s stock valued at $31,964,000 after buying an additional 27,340 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Up 2.3 %

NYSE:NEE opened at $71.74 on Monday. The stock has a fifty day moving average price of $70.53 and a two-hundred day moving average price of $76.55. The stock has a market capitalization of $147.56 billion, a price-to-earnings ratio of 21.29, a PEG ratio of 2.45 and a beta of 0.58. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. NextEra Energy, Inc. has a 1 year low of $53.95 and a 1 year high of $86.10.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, hitting 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, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently announced 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. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend 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%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the company’s 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 sale, the chief accounting officer now owns 27,427 shares of the company’s stock, 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 is accessible through the SEC website. 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.