Fulton Breakefield Broenniman LLC Sells 7,431 Shares of NextEra Energy, Inc. $NEE

Fulton Breakefield Broenniman LLC reduced its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 280,717 shares of the utilities provider’s stock after selling 7,431 shares during the period. NextEra Energy accounts for approximately 1.4% of Fulton Breakefield Broenniman LLC’s portfolio, making the stock its 19th biggest holding. Fulton Breakefield Broenniman LLC’s holdings in NextEra Energy were worth $22,536,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Sax Wealth Advisors LLC raised its holdings in NextEra Energy by 0.6% during the third quarter. Sax Wealth Advisors LLC now owns 19,380 shares of the utilities provider’s stock valued at $1,463,000 after buying an additional 118 shares in the last quarter. apricus wealth LLC increased its stake in shares of NextEra Energy by 3.8% in the third quarter. apricus wealth LLC now owns 3,272 shares of the utilities provider’s stock worth $247,000 after purchasing an additional 120 shares during the period. Isthmus Partners LLC increased its stake in shares of NextEra Energy by 1.9% in the third quarter. Isthmus Partners LLC now owns 6,590 shares of the utilities provider’s stock worth $497,000 after purchasing an additional 120 shares during the period. Fingerlakes Wealth Management Inc. increased its stake in shares of NextEra Energy by 0.8% in the third quarter. Fingerlakes Wealth Management Inc. now owns 16,215 shares of the utilities provider’s stock worth $1,224,000 after purchasing an additional 124 shares during the period. 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 purchasing an additional 125 shares during the period. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Trading Down 0.5%

Shares of NEE opened at $92.66 on Tuesday. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $95.91. The company has a quick ratio of 0.49, a current ratio of 0.60 and a debt-to-equity ratio of 1.35. The firm has a market capitalization of $193.07 billion, a price-to-earnings ratio of 28.17 and a beta of 0.74. The stock’s 50-day moving average price is $91.50 and its 200 day moving average price is $85.29.

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

NextEra Energy Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. The Goldman Sachs Group lifted their price objective on NextEra Energy from $94.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, January 28th. Jefferies Financial Group lifted their price objective on NextEra Energy from $87.00 to $92.00 and gave the stock a “hold” rating in a research note on Tuesday, March 31st. UBS Group lifted their price objective on NextEra Energy from $91.00 to $104.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. BTIG Research reiterated a “buy” rating and issued a $103.00 price objective on shares of NextEra Energy in a research note on Wednesday, January 28th. Finally, Wells Fargo & Company lifted their price objective on NextEra Energy from $97.00 to $98.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, NextEra Energy has a consensus rating of “Moderate Buy” and an average target price of $94.72.

Insider Activity

In related news, EVP Charles E. Sieving sold 30,000 shares of the business’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total transaction of $2,700,000.00. Following the transaction, the executive vice president directly owned 167,481 shares in the company, valued at $15,073,290. The trade was a 15.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO John W. Ketchum sold 99,603 shares of the business’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $89.34, for a total value of $8,898,532.02. Following the transaction, the chief executive officer owned 305,933 shares in the company, valued at $27,332,054.22. This represents a 24.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 190,816 shares of company stock valued at $17,075,619. Corporate insiders own 0.20% of the company’s stock.

NextEra Energy Company Profile

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.