NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Jaffetilchin Investment Partners LLC

Jaffetilchin Investment Partners LLC reduced its holdings in NextEra Energy, Inc. (NYSE:NEE) by 1.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 62,113 shares of the utilities provider’s stock after selling 1,019 shares during the quarter. Jaffetilchin Investment Partners LLC’s holdings in NextEra Energy were worth $4,453,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Burkett Financial Services LLC boosted its position in shares of NextEra Energy by 1,229.6% during the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after buying an additional 332 shares during the period. Sugar Maple Asset Management LLC bought a new stake in NextEra Energy during the 4th quarter valued at $28,000. Quarry LP acquired a new position in NextEra Energy during the 3rd quarter worth $33,000. WealthTrak Capital Management LLC acquired a new position in shares of NextEra Energy during the fourth quarter valued at $33,000. Finally, Luken Investment Analytics LLC bought a new stake in shares of NextEra Energy during the 4th quarter worth about $36,000. 78.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total value of $162,258.47. Following 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 filing with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

NextEra Energy Trading Down 1.2 %

NextEra Energy stock opened at $66.75 on Friday. NextEra Energy, Inc. has a 52 week low of $61.31 and a 52 week high of $86.10. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The firm has a market capitalization of $137.41 billion, a price-to-earnings ratio of 19.81, a P/E/G ratio of 2.45 and a beta of 0.58. The company has a 50 day moving average price of $69.98 and a 200 day moving average price of $73.98.

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

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were given a $0.5665 dividend. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.39%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date was Friday, February 28th. NextEra Energy’s dividend payout ratio is 67.06%.

Analyst Upgrades and Downgrades

NEE has been the subject of a number of research analyst reports. Scotiabank upped their target price on NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. BMO Capital Markets upped their price objective on NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Guggenheim reaffirmed a “buy” rating and set a $89.00 target price on shares of NextEra Energy in a research note on Thursday, March 20th. Morgan Stanley boosted their price target on shares of NextEra Energy from $95.00 to $97.00 and gave the stock an “overweight” rating in a research report on Thursday, March 20th. Finally, JPMorgan Chase & Co. raised their price objective 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 investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $85.92.

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.