Syon Capital LLC Has $1.45 Million Holdings in NextEra Energy, Inc. (NYSE:NEE)

Syon Capital LLC lessened its position in NextEra Energy, Inc. (NYSE:NEE) by 15.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,278 shares of the utilities provider’s stock after selling 3,618 shares during the period. Syon Capital LLC’s holdings in NextEra Energy were worth $1,454,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Burkett Financial Services LLC increased its position in shares of NextEra Energy by 1,229.6% in the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 332 shares during the last quarter. Sugar Maple Asset Management LLC bought a new position in NextEra Energy during the 4th quarter worth $28,000. WealthTrak Capital Management LLC acquired a new stake in NextEra Energy during the fourth quarter worth approximately $33,000. Luken Investment Analytics LLC bought a new position in NextEra Energy in the 4th quarter valued at about $36,000. Finally, Midwest Capital Advisors LLC bought a new stake in NextEra Energy during the fourth quarter worth $44,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Activity

In related news, CAO James Michael May sold 2,383 shares of the stock in a transaction dated Tuesday, February 18th. The stock was 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 directly owns 27,427 shares in the company, valued at $1,867,504.43. This represents a 7.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Evercore ISI dropped 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. Jefferies Financial Group cut their price target on NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. JPMorgan Chase & Co. raised their target price on NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research note on Tuesday, March 11th. Guggenheim restated a “buy” rating and set a $89.00 price objective on shares of NextEra Energy in a report on Thursday, March 20th. Finally, BMO Capital Markets dropped their target price on NextEra Energy from $84.00 to $77.00 and set an “outperform” rating on the stock in a report on Monday, April 14th. Eight equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, NextEra Energy currently has an average rating of “Moderate Buy” and a consensus target price of $84.46.

NextEra Energy Trading Up 0.8 %

NYSE:NEE opened at $67.19 on Thursday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10. The company has a market cap of $138.32 billion, a P/E ratio of 19.94, a P/E/G ratio of 2.45 and a beta of 0.58. The stock’s fifty day moving average price is $69.48 and its two-hundred day moving average price is $72.92.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.99. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. The company had revenue of $6.25 billion for the quarter, compared to the consensus estimate of $6.58 billion. As a group, analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were given 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 payout ratio is 67.06%.

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.