NextEra Energy, Inc. (NYSE:NEE) Stock Holdings Decreased by Kayne Anderson Rudnick Investment Management LLC

Kayne Anderson Rudnick Investment Management LLC lessened its position in NextEra Energy, Inc. (NYSE:NEE) by 64.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 376 shares of the utilities provider’s stock after selling 689 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC’s holdings in NextEra Energy were worth $27,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NEE. Burkett Financial Services LLC boosted its position in NextEra Energy by 1,229.6% during the fourth 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 last quarter. Sugar Maple Asset Management LLC acquired a new stake in shares of NextEra Energy during the 4th quarter valued at about $28,000. WealthTrak Capital Management LLC bought a new stake in shares of NextEra Energy in the 4th quarter valued at approximately $33,000. Luken Investment Analytics LLC acquired a new position in NextEra Energy in the fourth quarter worth approximately $36,000. Finally, Midwest Capital Advisors LLC bought a new position in NextEra Energy during the fourth quarter valued at approximately $44,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Buying and Selling

In related news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total value of $162,258.47. Following the sale, the chief accounting officer now owns 27,427 shares of the company’s stock, valued at approximately $1,867,504.43. This trade represents a 7.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by company insiders.

NextEra Energy Trading Up 0.8 %

Shares of NEE opened at $67.19 on Thursday. The firm has a market capitalization of $138.32 billion, a PE ratio of 19.94, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a 12-month low of $61.72 and a 12-month high of $86.10. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The stock’s fifty day simple moving average is $69.48 and its 200-day simple moving average is $72.92.

NextEra Energy (NYSE:NEE) last issued its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, meeting the consensus estimate of $0.99. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The company had revenue of $6.25 billion during the quarter, compared to analysts’ expectations of $6.58 billion. 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 announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were issued a $0.5665 dividend. The ex-dividend date of this dividend was Friday, February 28th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a yield of 3.37%. NextEra Energy’s dividend payout ratio (DPR) is 67.06%.

Analysts Set New Price Targets

NEE has been the topic of a number of recent research reports. Guggenheim restated a “buy” rating and set a $89.00 price target on shares of NextEra Energy in a report on Thursday, March 20th. Morgan Stanley reduced their price target on NextEra Energy from $97.00 to $94.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Evercore ISI decreased their price target 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. Barclays cut their price objective on NextEra Energy from $77.00 to $73.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Finally, JPMorgan Chase & Co. upped their target price on NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 11th. Eight research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, NextEra Energy currently has a consensus rating of “Moderate Buy” and an average price target of $84.46.

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.