Atlanta Consulting Group Advisors LLC Decreases Position in NextEra Energy, Inc. (NYSE:NEE)

Atlanta Consulting Group Advisors LLC cut its position in NextEra Energy, Inc. (NYSE:NEE) by 2.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 6,817 shares of the utilities provider’s stock after selling 159 shares during the period. Atlanta Consulting Group Advisors LLC’s holdings in NextEra Energy were worth $489,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of NEE. Amundi raised its holdings in shares of NextEra Energy by 49.8% during the fourth quarter. Amundi now owns 9,543,552 shares of the utilities provider’s stock valued at $676,008,000 after purchasing an additional 3,172,405 shares during the last quarter. Nordea Investment Management AB raised its holdings in shares of NextEra Energy by 20.9% during the fourth quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock valued at $634,703,000 after purchasing an additional 1,525,436 shares during the last quarter. National Bank of Canada FI raised its holdings in shares of NextEra Energy by 167.7% during the third quarter. National Bank of Canada FI now owns 2,186,225 shares of the utilities provider’s stock valued at $184,795,000 after purchasing an additional 1,369,689 shares during the last quarter. Proficio Capital Partners LLC raised its holdings in shares of NextEra Energy by 13,375.2% during the fourth quarter. Proficio Capital Partners LLC now owns 946,231 shares of the utilities provider’s stock valued at $67,835,000 after purchasing an additional 939,209 shares during the last quarter. Finally, Jupiter Asset Management Ltd. purchased a new position in shares of NextEra Energy during the fourth quarter valued at approximately $65,657,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Stock Performance

NEE opened at $73.59 on Monday. The firm has a market cap 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. The company has a 50 day simple moving average of $70.51 and a two-hundred day simple moving average of $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.

NextEra Energy (NYSE:NEE) last posted 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%. Equities analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be given a dividend of $0.5665 per share. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date is Friday, February 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.08%. NextEra Energy’s dividend payout ratio is currently 67.06%.

Insider Buying and Selling

In related news, CAO James Michael May sold 2,383 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.18% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on NEE. Scotiabank boosted their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. boosted their price objective on shares of NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a report on Tuesday, March 11th. Morgan Stanley upped their target price on shares of NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Jefferies Financial Group reduced their target price on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Finally, Evercore ISI reduced their target price on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a report on Monday, January 27th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $85.92.

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.