First Command Advisory Services Inc. Reduces Position in NextEra Energy, Inc. (NYSE:NEE)

First Command Advisory Services Inc. decreased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 19.3% during the 4th quarter, HoldingsChannel reports. The fund owned 12,388 shares of the utilities provider’s stock after selling 2,968 shares during the quarter. First Command Advisory Services Inc.’s holdings in NextEra Energy were worth $888,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Proficio Capital Partners LLC boosted its stake in shares of NextEra Energy by 13,375.2% during the 4th quarter. Proficio Capital Partners LLC now owns 946,231 shares of the utilities provider’s stock valued at $67,835,000 after buying an additional 939,209 shares during the last quarter. Kovack Advisors Inc. raised its holdings in NextEra Energy by 21.5% in the fourth quarter. Kovack Advisors Inc. now owns 24,449 shares of the utilities provider’s stock valued at $1,753,000 after acquiring an additional 4,332 shares in the last quarter. Mn Services Vermogensbeheer B.V. raised its holdings in NextEra Energy by 2.1% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 810,428 shares of the utilities provider’s stock valued at $58,100,000 after acquiring an additional 16,800 shares in the last quarter. K.J. Harrison & Partners Inc bought a new position in NextEra Energy during the 4th quarter valued at $329,000. Finally, New York Life Investment Management LLC grew its holdings in NextEra Energy by 0.5% during the 4th quarter. New York Life Investment Management LLC now owns 307,798 shares of the utilities provider’s stock worth $22,066,000 after acquiring an additional 1,576 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insiders Place Their Bets

In other NextEra Energy 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 directly owns 27,427 shares in the company, valued at approximately $1,867,504.43. The trade was a 7.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is currently owned by insiders.

NextEra Energy Stock Down 0.4 %

NextEra Energy stock opened at $70.97 on Thursday. The firm has a market capitalization of $145.99 billion, a P/E ratio of 21.06, a P/E/G ratio of 2.45 and a beta of 0.58. The company has a 50-day simple moving average of $70.47 and a 200-day simple moving average of $76.42. NextEra Energy, Inc. has a one year low of $53.95 and a one year high of $86.10. 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 (NYSE:NEE) last announced its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 EPS 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%. As a group, equities analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be given a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date is Friday, February 28th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s payout ratio is 67.06%.

Wall Street Analyst Weigh In

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

NextEra Energy Company Profile

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.