Atlanta Consulting Group Advisors LLC Sells 159 Shares of NextEra Energy, Inc. (NYSE:NEE)

Atlanta Consulting Group Advisors LLC decreased its stake in NextEra Energy, Inc. (NYSE:NEE) by 2.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,817 shares of the utilities provider’s stock after selling 159 shares during the period. Atlanta Consulting Group Advisors LLC’s holdings in NextEra Energy were worth $489,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Burkett Financial Services LLC grew its holdings in shares of NextEra Energy by 1,229.6% during the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 332 shares during the last quarter. Sugar Maple Asset Management LLC purchased a new position in NextEra Energy in the 4th quarter worth $28,000. Quarry LP purchased a new position in NextEra Energy in the 3rd quarter worth $33,000. Luken Investment Analytics LLC purchased a new position in NextEra Energy in the 4th quarter worth $36,000. Finally, Harvest Fund Management Co. Ltd raised its position in NextEra Energy by 2,482.6% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 594 shares of the utilities provider’s stock worth $50,000 after purchasing an additional 571 shares during the period. Institutional investors own 78.72% of the company’s stock.

Insider Buying and Selling

In related news, CAO James Michael May sold 2,383 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total transaction of $162,258.47. Following the sale, the chief accounting officer now 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 legal filing with the SEC, which is available at this link. 0.18% of the stock is currently owned by insiders.

NextEra Energy Trading Up 1.2 %

Shares of NEE opened at $73.59 on Monday. The firm’s 50-day moving average price is $70.51 and its 200-day moving average price is $75.82. The firm has a market capitalization of $151.37 billion, a price-to-earnings ratio of 21.84, a PEG ratio of 2.45 and a beta of 0.58. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. NextEra Energy, Inc. has a 1-year low of $59.44 and a 1-year high of $86.10.

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%. Sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be paid a dividend of $0.5665 per share. The ex-dividend date is Friday, February 28th. This represents a $2.27 annualized dividend and a yield of 3.08%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s payout ratio is presently 67.06%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on NEE. 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 report on Thursday, December 12th. Evercore ISI decreased their target price on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research report on Monday, January 27th. BMO Capital Markets raised their price target on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Jefferies Financial Group cut their price target on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Finally, Morgan Stanley raised their price target on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, NextEra Energy currently has a consensus rating of “Hold” and an average target price of $85.92.

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.