Blake Schutter Theil Wealth Advisors LLC Sells 8,531 Shares of NextEra Energy, Inc. (NYSE:NEE)

Blake Schutter Theil Wealth Advisors LLC lowered its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 58.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,107 shares of the utilities provider’s stock after selling 8,531 shares during the quarter. Blake Schutter Theil Wealth Advisors LLC’s holdings in NextEra Energy were worth $438,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Howard Capital Management Group LLC lifted its position in NextEra Energy by 1.8% during the 3rd quarter. Howard Capital Management Group LLC now owns 299,215 shares of the utilities provider’s stock worth $25,293,000 after acquiring an additional 5,409 shares during the last quarter. Verity Asset Management Inc. bought a new position in shares of NextEra Energy in the third quarter worth about $294,000. Capital Performance Advisors LLP acquired a new position in shares of NextEra Energy during the 3rd quarter worth about $86,000. Leavell Investment Management Inc. boosted its stake in NextEra Energy by 1.4% during the 3rd quarter. Leavell Investment Management Inc. now owns 16,178 shares of the utilities provider’s stock valued at $1,367,000 after purchasing an additional 220 shares during the period. Finally, Equitable Trust Co. grew its holdings in NextEra Energy by 20.9% in the 3rd quarter. Equitable Trust Co. now owns 40,639 shares of the utilities provider’s stock valued at $3,435,000 after buying an additional 7,036 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Trading Up 4.1 %

NEE stock opened at $72.86 on Friday. 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 firm has a market cap of $149.88 billion, a P/E ratio of 21.62, a P/E/G ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a 1-year low of $56.31 and a 1-year high of $86.10. The business’s 50 day moving average is $70.30 and its 200-day moving average is $76.05.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. Equities analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.5665 per share. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date is Friday, February 28th. This represents a $2.27 annualized dividend and a dividend yield of 3.11%. NextEra Energy’s dividend payout ratio (DPR) is presently 67.06%.

Analyst Ratings Changes

A number of research analysts have recently commented on NEE shares. Jefferies Financial Group cut their price target on NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. BMO Capital Markets increased their price target on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Morgan Stanley raised their price target on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Scotiabank upped their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. decreased their target price on NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $85.85.

Insider Activity

In related news, CAO James Michael May sold 2,383 shares of the stock in a transaction that occurred 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.18% of the stock is currently owned by corporate insiders.

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.