J. W. Coons Advisors LLC Sells 272 Shares of NextEra Energy, Inc. (NYSE:NEE)

J. W. Coons Advisors LLC reduced its position in NextEra Energy, Inc. (NYSE:NEE) by 0.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 42,312 shares of the utilities provider’s stock after selling 272 shares during the quarter. J. W. Coons Advisors LLC’s holdings in NextEra Energy were worth $3,033,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of NEE. Nordea Investment Management AB increased its holdings in NextEra Energy by 20.9% in the 4th 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 period. National Bank of Canada FI increased its holdings in NextEra Energy by 167.7% in the 3rd quarter. National Bank of Canada FI now owns 2,186,225 shares of the utilities provider’s stock valued at $184,795,000 after buying an additional 1,369,689 shares during the period. Geode Capital Management LLC increased its holdings in NextEra Energy by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 42,418,748 shares of the utilities provider’s stock valued at $3,571,650,000 after buying an additional 820,704 shares during the period. RWC Asset Management LLP increased its holdings in NextEra Energy by 313.0% in the 4th quarter. RWC Asset Management LLP now owns 673,317 shares of the utilities provider’s stock valued at $48,270,000 after buying an additional 510,302 shares during the period. Finally, National Pension Service boosted its stake in shares of NextEra Energy by 14.2% in the 3rd quarter. National Pension Service now owns 3,960,232 shares of the utilities provider’s stock valued at $334,758,000 after purchasing an additional 491,462 shares in the last quarter. 78.72% of the stock is owned by institutional investors.

NextEra Energy Stock Up 2.3 %

Shares of NYSE NEE opened at $71.74 on Monday. The company’s 50 day moving average price is $70.53 and its 200-day moving average price is $76.55. The company has a market capitalization of $147.56 billion, a P/E ratio of 21.29, a price-to-earnings-growth 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 52-week low of $53.95 and a 52-week 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 for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Equities analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be paid a $0.5665 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.16%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s payout ratio is currently 67.06%.

Insider Activity

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 shares were sold at an average price of $68.09, for a total transaction of $162,258.47. Following 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 filing with the SEC, which is accessible through this hyperlink. 0.18% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Scotiabank raised their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Morgan Stanley raised their price target on shares of NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. BMO Capital Markets raised their price target on shares of NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Evercore ISI reduced their price target on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research note on Monday, January 27th. Finally, JPMorgan Chase & Co. reduced their price target on shares of NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, NextEra Energy presently has a consensus rating of “Hold” and a consensus price target of $85.85.

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.