Pacifica Partners Inc. Cuts Stake in NextEra Energy, Inc. (NYSE:NEE)

Pacifica Partners Inc. lessened its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,382 shares of the utilities provider’s stock after selling 150 shares during the period. Pacifica Partners Inc.’s holdings in NextEra Energy were worth $242,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Semmax Financial Advisors Inc. increased its stake in shares of NextEra Energy by 197.4% during the 2nd quarter. Semmax Financial Advisors Inc. now owns 339 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 225 shares during the last quarter. Burkett Financial Services LLC increased its position in NextEra Energy by 1,229.6% in 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 last quarter. Reston Wealth Management LLC bought a new stake in shares of NextEra Energy in the third quarter valued at $27,000. Quarry LP purchased a new position in shares of NextEra Energy during the 3rd quarter valued at $33,000. Finally, Maryland Capital Advisors Inc. bought a new position in shares of NextEra Energy during the 3rd quarter worth $39,000. Institutional investors own 78.72% of the company’s stock.

Insider Activity

In other NextEra Energy news, EVP Nicole J. Daggs sold 4,007 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total value of $302,808.99. Following the completion of the sale, the executive vice president now owns 15,792 shares of the company’s stock, valued at $1,193,401.44. This represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Morgan Stanley dropped their price objective on shares of NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a report on Friday, November 22nd. Scotiabank raised their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Royal Bank of Canada lowered shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. BMO Capital Markets increased their target price on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Finally, Jefferies Financial Group assumed coverage on NextEra Energy in a research report on Thursday, September 19th. They issued a “hold” rating and a $87.00 price target for the company. Eight investment 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 presently has a consensus rating of “Hold” and a consensus target price of $87.15.

NextEra Energy Stock Up 1.5 %

NEE stock opened at $67.98 on Wednesday. The company’s 50 day moving average is $73.79 and its 200 day moving average is $77.26. The stock has a market cap of $139.79 billion, a price-to-earnings ratio of 20.11, a price-to-earnings-growth ratio of 2.66 and a beta of 0.58. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The firm had revenue of $7.57 billion for the quarter, compared to analyst estimates of $8.11 billion. During the same quarter in the prior year, the firm earned $0.94 EPS. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. Sell-side analysts predict that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 22nd were issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date of this dividend was Friday, November 22nd. NextEra Energy’s payout ratio is currently 60.95%.

NextEra Energy 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.