Kimelman & Baird LLC Decreases Position in NextEra Energy, Inc. (NYSE:NEE)

Kimelman & Baird LLC lowered its holdings in NextEra Energy, Inc. (NYSE:NEE) by 18.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 68,453 shares of the utilities provider’s stock after selling 15,000 shares during the period. Kimelman & Baird LLC’s holdings in NextEra Energy were worth $4,907,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NEE. Howard Capital Management Group LLC boosted its holdings in NextEra Energy by 1.8% in the third quarter. Howard Capital Management Group LLC now owns 299,215 shares of the utilities provider’s stock valued at $25,293,000 after purchasing an additional 5,409 shares during the last quarter. GSA Capital Partners LLP purchased a new position in NextEra Energy in the third quarter valued at about $406,000. KBC Group NV boosted its holdings in NextEra Energy by 8.8% in the third quarter. KBC Group NV now owns 160,802 shares of the utilities provider’s stock valued at $13,593,000 after purchasing an additional 13,045 shares during the last quarter. Impax Asset Management Group plc purchased a new position in NextEra Energy in the third quarter valued at about $1,624,000. Finally, Empowered Funds LLC boosted its holdings in NextEra Energy by 8.1% in the third quarter. Empowered Funds LLC now owns 39,735 shares of the utilities provider’s stock valued at $3,359,000 after purchasing an additional 2,974 shares during the last quarter. Hedge funds and other 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 NextEra Energy 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 transaction, the chief accounting officer now directly owns 27,427 shares in the company, valued at approximately $1,867,504.43. This trade represents a 7.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.18% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have issued reports on NEE shares. Scotiabank upped their price objective on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. Morgan Stanley upped their price objective on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. upped their price objective on NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research note on Tuesday, March 11th. BMO Capital Markets upped their price objective on NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Finally, Evercore ISI cut their price objective on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research note on Monday, January 27th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $85.92.

NextEra Energy Stock Up 1.2 %

Shares of NextEra Energy stock opened at $73.59 on Monday. The business’s fifty day moving average price is $70.51 and its two-hundred day moving average price is $75.82. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The company has a market capitalization of $151.37 billion, a P/E ratio of 21.84, a PEG ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a 1-year low of $59.44 and a 1-year high of $86.10.

NextEra Energy (NYSE:NEE) last announced its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, meeting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. As a group, research analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.5665 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $2.27 annualized dividend and a yield of 3.08%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s payout ratio is presently 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.