Seeds Investor LLC Sells 274 Shares of NextEra Energy, Inc. (NYSE:NEE)

Seeds Investor LLC lessened its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,781 shares of the utilities provider’s stock after selling 274 shares during the period. Seeds Investor LLC’s holdings in NextEra Energy were worth $486,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Accel Wealth Management boosted its stake in shares of NextEra Energy by 1.7% during the fourth quarter. Accel Wealth Management now owns 8,615 shares of the utilities provider’s stock valued at $618,000 after purchasing an additional 145 shares in the last quarter. L.M. Kohn & Company raised its position in shares of NextEra Energy by 1.0% in the 4th quarter. L.M. Kohn & Company now owns 15,353 shares of the utilities provider’s stock worth $1,101,000 after acquiring an additional 145 shares in the last quarter. 1ST Source Bank lifted its position in shares of NextEra Energy by 0.4% during the third quarter. 1ST Source Bank now owns 34,178 shares of the utilities provider’s stock valued at $2,889,000 after buying an additional 147 shares during the last quarter. Tortoise Investment Management LLC lifted its position in NextEra Energy by 8.3% during the fourth quarter. Tortoise Investment Management LLC now owns 1,943 shares of the utilities provider’s stock valued at $139,000 after acquiring an additional 149 shares during the last quarter. Finally, Baker Ellis Asset Management LLC lifted its holdings in shares of NextEra Energy by 1.3% during the 4th quarter. Baker Ellis Asset Management LLC now owns 11,666 shares of the utilities provider’s stock valued at $836,000 after purchasing an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on NEE shares. Morgan Stanley lifted their target price on shares of NextEra Energy from $95.00 to $97.00 and gave the stock an “overweight” rating in a research note on Thursday, March 20th. Guggenheim reissued a “buy” rating and issued a $89.00 target price on shares of NextEra Energy in a research report on Thursday, March 20th. JPMorgan Chase & Co. lifted their price target on NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 11th. BMO Capital Markets increased their price objective on NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Finally, Evercore ISI reduced their price objective on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research note on Monday, January 27th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $85.92.

NextEra Energy Price Performance

NYSE:NEE opened at $65.72 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The company has a 50 day moving average price of $69.89 and a 200-day moving average price of $73.84. NextEra Energy, Inc. has a 1-year low of $61.31 and a 1-year high of $86.10. The firm has a market cap of $135.29 billion, a price-to-earnings ratio of 19.50, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58.

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 analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Equities research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were given a dividend of $0.5665 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.27 dividend on an annualized basis and a yield of 3.45%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s dividend payout ratio is currently 67.06%.

Insider Buying and Selling at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 $1,867,504.43. This trade represents a 7.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.18% of the stock is owned by corporate insiders.

NextEra Energy 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.