Fisher Asset Management LLC Sells 652 Shares of NextEra Energy, Inc. (NYSE:NEE)

Fisher Asset Management LLC lowered its stake in NextEra Energy, Inc. (NYSE:NEE) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,100 shares of the utilities provider’s stock after selling 652 shares during the quarter. Fisher Asset Management LLC’s holdings in NextEra Energy were worth $1,800,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of NEE. Howard Capital Management Group LLC increased its holdings in NextEra Energy by 1.8% during the third quarter. Howard Capital Management Group LLC now owns 299,215 shares of the utilities provider’s stock worth $25,293,000 after buying an additional 5,409 shares during the last quarter. Impax Asset Management Group plc bought a new position in shares of NextEra Energy in the 3rd quarter valued at about $1,624,000. Catalyst Capital Advisors LLC increased its stake in shares of NextEra Energy by 21.0% during the 3rd quarter. Catalyst Capital Advisors LLC now owns 1,950 shares of the utilities provider’s stock worth $165,000 after purchasing an additional 338 shares during the last quarter. United Advisor Group LLC bought a new stake in shares of NextEra Energy in the 3rd quarter valued at about $235,000. Finally, Pittenger & Anderson Inc. lifted its stake in NextEra Energy by 11.6% in the 3rd quarter. Pittenger & Anderson Inc. now owns 15,602 shares of the utilities provider’s stock valued at $1,319,000 after purchasing an additional 1,625 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

Shares of NYSE:NEE opened at $70.51 on Thursday. NextEra Energy, Inc. has a 12-month low of $55.26 and a 12-month high of $86.10. The company’s 50 day moving average price is $70.33 and its two-hundred day moving average price is $76.16. The firm has a market cap of $145.03 billion, a PE ratio of 20.92, a PEG ratio of 2.45 and a beta of 0.58. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. Equities 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 disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be given a dividend of $0.5665 per share. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.27 annualized dividend and a yield of 3.21%. NextEra Energy’s dividend payout ratio is currently 67.06%.

Insiders Place Their Bets

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the company’s stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on NEE. JPMorgan Chase & Co. lowered their price target on NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Jefferies Financial Group decreased their target price on NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Morgan Stanley raised their price target on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Evercore ISI decreased their price objective 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. Finally, BMO Capital Markets increased their price objective on shares of NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $85.85.

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.