Philip James Wealth Mangement LLC Sells 6,003 Shares of NextEra Energy, Inc. (NYSE:NEE)

Philip James Wealth Mangement LLC reduced its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 45.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,140 shares of the utilities provider’s stock after selling 6,003 shares during the period. Philip James Wealth Mangement LLC’s holdings in NextEra Energy were worth $512,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Sierra Ocean LLC bought a new position in NextEra Energy during the 4th quarter valued at about $46,000. WBH Advisory Inc. lifted its holdings in NextEra Energy by 4.7% during the 4th quarter. WBH Advisory Inc. now owns 11,837 shares of the utilities provider’s stock valued at $849,000 after purchasing an additional 526 shares during the last quarter. Pathway Financial Advisors LLC lifted its holdings in NextEra Energy by 6.6% during the 4th quarter. Pathway Financial Advisors LLC now owns 5,491 shares of the utilities provider’s stock valued at $394,000 after purchasing an additional 341 shares during the last quarter. JFS Wealth Advisors LLC lifted its holdings in NextEra Energy by 4.6% during the 4th quarter. JFS Wealth Advisors LLC now owns 4,588 shares of the utilities provider’s stock valued at $329,000 after purchasing an additional 200 shares during the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC increased its position in NextEra Energy by 7.3% in the 4th quarter. Pinnacle Wealth Management Advisory Group LLC now owns 28,479 shares of the utilities provider’s stock valued at $2,042,000 after acquiring an additional 1,934 shares in the last quarter. 78.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

NEE has been the subject of several research reports. Jefferies Financial Group lowered their price objective on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. BMO Capital Markets raised their price objective on shares of NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Barclays raised their price objective on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Evercore ISI lowered their price objective on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research report on Monday, January 27th. Finally, Morgan Stanley raised their price objective on shares of NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $85.85.

NextEra Energy Stock Down 0.8 %

NextEra Energy stock opened at $68.06 on Monday. The company’s 50 day simple moving average is $70.97 and its 200 day simple moving average is $76.84. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10. The firm has a market capitalization of $139.97 billion, a price-to-earnings ratio of 20.20, a PEG ratio of 2.42 and a beta of 0.58. 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 (NYSE:NEE) last released its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. As a group, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be paid 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 annualized dividend and a yield of 3.33%. NextEra Energy’s dividend payout ratio (DPR) is presently 61.13%.

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.