Quadrant Capital Group LLC Reduces Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Quadrant Capital Group LLC reduced its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.2% during the fourth quarter, Holdings Channel reports. The firm owned 20,575 shares of the utilities provider’s stock after selling 246 shares during the quarter. Quadrant Capital Group LLC’s holdings in NextEra Energy were worth $1,475,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Burkett Financial Services LLC lifted its stake in shares of NextEra Energy by 1,229.6% in 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 period. Sugar Maple Asset Management LLC purchased a new position in NextEra Energy during the fourth quarter valued at $28,000. Quarry LP bought a new stake in shares of NextEra Energy during the 3rd quarter valued at $33,000. WealthTrak Capital Management LLC purchased a new stake in shares of NextEra Energy in the 4th quarter worth about $33,000. Finally, Luken Investment Analytics LLC bought a new position in shares of NextEra Energy in the 4th quarter worth about $36,000. 78.72% of the stock is currently owned by institutional investors.

Insider Transactions at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of the business’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 completion of 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.18% of the company’s stock.

NextEra Energy Trading Down 7.2 %

Shares of NEE stock opened at $66.97 on Monday. 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 12-month low of $61.31 and a 12-month high of $86.10. The stock has a market capitalization of $137.86 billion, a P/E ratio of 19.87, a P/E/G ratio of 2.45 and a beta of 0.58. The firm’s 50 day moving average is $70.65 and its 200 day moving average is $74.59.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. Research 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 was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were given a dividend of $0.5665 per share. The ex-dividend date was Friday, February 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.38%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s dividend payout ratio is presently 67.06%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on NEE. Evercore ISI cut their price objective on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a report on Monday, January 27th. Morgan Stanley upped their price target on NextEra Energy from $95.00 to $97.00 and gave the stock an “overweight” rating in a research note on Thursday, March 20th. Scotiabank boosted their target price on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Jefferies Financial Group reduced their price target on NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Finally, BMO Capital Markets upped their price target on shares of 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 given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target 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.