Titleist Asset Management LLC Trims Holdings in NextEra Energy, Inc. (NYSE:NEE)

Titleist Asset Management LLC decreased its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 39.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 6,446 shares of the utilities provider’s stock after selling 4,212 shares during the period. Titleist Asset Management LLC’s holdings in NextEra Energy were worth $462,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Burkett Financial Services LLC boosted 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 period. Sugar Maple Asset Management LLC purchased a new stake in NextEra Energy in the 4th quarter worth approximately $28,000. Quarry LP bought a new position in NextEra Energy in the 3rd quarter valued at $33,000. WealthTrak Capital Management LLC purchased a new position in shares of NextEra Energy during the 4th quarter valued at $33,000. Finally, Luken Investment Analytics LLC bought a new position in shares of NextEra Energy in the fourth quarter worth $36,000. Institutional investors own 78.72% of the company’s stock.

Insider Buying and Selling at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of the company’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 completion of the transaction, the chief accounting officer now directly owns 27,427 shares of the company’s stock, valued at approximately $1,867,504.43. This represents a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

NEE has been the subject of several recent analyst reports. Guggenheim restated a “buy” rating and set a $89.00 target price on shares of NextEra Energy in a research report on Thursday, March 20th. JPMorgan Chase & Co. lifted their target price on shares of NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research report on Tuesday, March 11th. Evercore ISI decreased their price target 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. BMO Capital Markets lifted their price objective on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Finally, Jefferies Financial Group cut their target price on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, NextEra Energy currently has a consensus rating of “Hold” and a consensus price target of $85.92.

NextEra Energy Stock Down 7.2 %

NEE opened at $66.97 on Monday. NextEra Energy, Inc. has a 12 month low of $61.31 and a 12 month high of $86.10. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The business’s 50-day moving average price is $70.65 and its 200-day moving average price is $74.59. The company has a market cap 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.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. On average, equities analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were issued a dividend of $0.5665 per share. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend was Friday, February 28th. NextEra Energy’s dividend payout ratio is currently 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.