NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Schrum Private Wealth Management LLC

Schrum Private Wealth Management LLC lowered its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 39.7% during the fourth quarter, Holdings Channel reports. The firm owned 7,157 shares of the utilities provider’s stock after selling 4,703 shares during the period. Schrum Private Wealth Management LLC’s holdings in NextEra Energy were worth $513,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Burkett Financial Services LLC boosted its holdings in shares of NextEra Energy by 1,229.6% in the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 332 shares during the period. Sugar Maple Asset Management LLC acquired a new stake in shares of NextEra Energy in the 4th quarter valued at approximately $28,000. Quarry LP acquired a new position in NextEra Energy during the third quarter worth about $33,000. Luken Investment Analytics LLC purchased a new stake in shares of NextEra Energy during the 4th quarter worth approximately $36,000. Finally, Midwest Capital Advisors LLC purchased a new position in NextEra Energy during the 4th quarter valued at about $44,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Insider Buying and Selling

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the firm’s stock in a transaction dated 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 directly owns 27,427 shares of the company’s stock, valued at $1,867,504.43. This trade represents a 7.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.18% of the stock is currently owned by insiders.

NextEra Energy Price Performance

Shares of NEE stock opened at $70.51 on Thursday. The stock has a 50-day moving average price of $70.33 and a 200 day moving average price of $76.16. NextEra Energy, Inc. has a 12 month low of $55.26 and a 12 month high of $86.10. The firm has a market cap of $145.03 billion, a price-to-earnings ratio of 20.92, a PEG ratio of 2.45 and a beta of 0.58. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20.

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 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 expect 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. Investors of record on Friday, February 28th will be issued a dividend of $0.5665 per share. The ex-dividend date is Friday, February 28th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.21%. NextEra Energy’s payout ratio is presently 67.06%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on NEE. Evercore ISI decreased their price objective on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a report on Monday, January 27th. Jefferies Financial Group dropped their target price on NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Morgan Stanley raised 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. cut their target price on shares of NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Finally, BMO Capital Markets lifted their target price on NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Eight research 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, NextEra Energy currently has an average rating of “Hold” and an average target price of $85.85.

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.