Abner Herrman & Brock LLC Reduces Position in NextEra Energy, Inc. $NEE

Abner Herrman & Brock LLC decreased its position in NextEra Energy, Inc. (NYSE:NEEFree Report) by 69.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,433 shares of the utilities provider’s stock after selling 7,871 shares during the period. Abner Herrman & Brock LLC’s holdings in NextEra Energy were worth $276,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NEE. Sax Wealth Advisors LLC lifted its holdings in shares of NextEra Energy by 0.6% during the third quarter. Sax Wealth Advisors LLC now owns 19,380 shares of the utilities provider’s stock worth $1,463,000 after purchasing an additional 118 shares during the period. apricus wealth LLC lifted its stake in NextEra Energy by 3.8% during the 3rd quarter. apricus wealth LLC now owns 3,272 shares of the utilities provider’s stock valued at $247,000 after acquiring an additional 120 shares during the period. Isthmus Partners LLC boosted its holdings in shares of NextEra Energy by 1.9% in the 3rd quarter. Isthmus Partners LLC now owns 6,590 shares of the utilities provider’s stock valued at $497,000 after acquiring an additional 120 shares during the last quarter. Fingerlakes Wealth Management Inc. boosted its holdings in shares of NextEra Energy by 0.8% in the 3rd quarter. Fingerlakes Wealth Management Inc. now owns 16,215 shares of the utilities provider’s stock valued at $1,224,000 after acquiring an additional 124 shares during the last quarter. Finally, Heritage Wealth Management Inc. increased its stake in shares of NextEra Energy by 1.0% in the third quarter. Heritage Wealth Management Inc. now owns 12,320 shares of the utilities provider’s stock worth $930,000 after acquiring an additional 125 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Activity

In other NextEra Energy news, CEO John W. Ketchum sold 99,603 shares of the company’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $89.34, for a total transaction of $8,898,532.02. Following the completion of the transaction, the chief executive officer directly owned 305,933 shares in the company, valued at approximately $27,332,054.22. This represents a 24.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Treasurer James Michael May sold 7,161 shares of the stock in a transaction on Monday, March 9th. The shares were sold at an average price of $90.27, for a total transaction of $646,423.47. Following the transaction, the treasurer directly owned 26,719 shares in the company, valued at approximately $2,411,924.13. The trade was a 21.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 190,816 shares of company stock worth $17,075,619. Insiders own 0.20% of the company’s stock.

NextEra Energy Trading Up 1.6%

NEE stock opened at $92.40 on Friday. The company’s 50-day simple moving average is $89.39 and its 200-day simple moving average is $83.36. The company has a quick ratio of 0.49, a current ratio of 0.60 and a debt-to-equity ratio of 1.35. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $95.91. The firm has a market cap of $192.51 billion, a P/E ratio of 28.08 and a beta of 0.76.

NextEra Energy (NYSE:NEEGet Free Report) last announced its quarterly earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.01. The firm had revenue of $6.50 billion during the quarter, compared to analyst estimates of $7.07 billion. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.NextEra Energy’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.53 EPS. As a group, equities analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Friday, February 27th were given a dividend of $0.6232 per share. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.57. The ex-dividend date was Friday, February 27th. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.7%. NextEra Energy’s payout ratio is 75.68%.

Key NextEra Energy News

Here are the key news stories impacting NextEra Energy this week:

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. HSBC raised their target price on shares of NextEra Energy from $96.00 to $103.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. BTIG Research reaffirmed a “buy” rating and set a $103.00 price target on shares of NextEra Energy in a research report on Wednesday, January 28th. Wall Street Zen raised NextEra Energy from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Argus set a $92.00 target price on NextEra Energy and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Finally, UBS Group raised their target price on NextEra Energy from $91.00 to $104.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $94.44.

View Our Latest Stock Analysis on NEE

NextEra Energy Profile

(Free Report)

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.

Featured Stories

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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