Titleist Asset Management LLC Sells 4,212 Shares of NextEra Energy, Inc. (NYSE:NEE)

Titleist Asset Management LLC cut its holdings in NextEra Energy, Inc. (NYSE:NEE) by 39.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,446 shares of the utilities provider’s stock after selling 4,212 shares during the quarter. Titleist Asset Management LLC’s holdings in NextEra Energy were worth $462,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of NEE. Howard Capital Management Group LLC raised its holdings in shares of 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 valued at $25,293,000 after purchasing an additional 5,409 shares during the period. Quarry LP acquired a new stake in shares of NextEra Energy in the 3rd quarter valued at about $33,000. DF Dent & Co. Inc. increased its position in NextEra Energy by 14.2% in the 3rd quarter. DF Dent & Co. Inc. now owns 22,550 shares of the utilities provider’s stock valued at $1,906,000 after buying an additional 2,808 shares in the last quarter. Zacks Investment Management raised its stake in NextEra Energy by 12.0% during the 3rd quarter. Zacks Investment Management now owns 276,803 shares of the utilities provider’s stock worth $23,398,000 after buying an additional 29,722 shares during the period. Finally, XTX Topco Ltd bought a new position in NextEra Energy in the third quarter worth approximately $1,292,000. 78.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Jefferies Financial Group decreased their price objective on NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Guggenheim restated a “buy” rating and set a $89.00 price objective on shares of NextEra Energy in a report on Thursday, March 20th. Morgan Stanley lifted their price objective on shares of NextEra Energy from $95.00 to $97.00 and gave the company an “overweight” rating in a report on Thursday, March 20th. Scotiabank boosted their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. raised their price target 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. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $85.92.

Insider Buying and Selling at NextEra Energy

In other news, CAO James Michael May sold 2,383 shares of the 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 transaction, the chief accounting officer now owns 27,427 shares in the company, valued at approximately $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 can be accessed through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Stock Down 7.2 %

NEE stock opened at $66.97 on Monday. The stock 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. 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 stock’s fifty day simple moving average is $70.65 and its two-hundred day simple moving average is $74.59. NextEra Energy, Inc. has a 1-year low of $61.31 and a 1-year high of $86.10.

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

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were given a $0.5665 dividend. This is an increase 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 was Friday, February 28th. NextEra Energy’s dividend payout ratio (DPR) is currently 67.06%.

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.