M. Kulyk & Associates LLC Sells 2,176 Shares of NextEra Energy, Inc. (NYSE:NEE)

M. Kulyk & Associates LLC lowered its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 42,214 shares of the utilities provider’s stock after selling 2,176 shares during the quarter. M. Kulyk & Associates LLC’s holdings in NextEra Energy were worth $3,026,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC grew its position in NextEra Energy by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 42,418,748 shares of the utilities provider’s stock worth $3,571,650,000 after purchasing an additional 820,704 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of NextEra Energy by 4.2% during the 4th quarter. Bank of New York Mellon Corp now owns 14,523,786 shares of the utilities provider’s stock valued at $1,041,210,000 after buying an additional 588,038 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of NextEra Energy by 2.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,630,784 shares of the utilities provider’s stock valued at $977,191,000 after buying an additional 345,999 shares in the last quarter. Amundi lifted its stake in shares of NextEra Energy by 49.8% during the 4th quarter. Amundi now owns 9,543,552 shares of the utilities provider’s stock valued at $676,008,000 after buying an additional 3,172,405 shares in the last quarter. Finally, Nordea Investment Management AB lifted its stake in shares of NextEra Energy by 20.9% during the 4th quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock valued at $634,703,000 after buying an additional 1,525,436 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

Shares of NYSE NEE opened at $72.86 on Friday. The stock has a market cap of $149.88 billion, a price-to-earnings ratio of 21.62, a PEG ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a 52 week low of $56.31 and a 52 week high of $86.10. The company’s 50-day moving average price is $70.30 and its 200 day moving average price is $76.05. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20.

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

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be issued a $0.5665 dividend. 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 annualized dividend and a yield of 3.11%. NextEra Energy’s dividend payout ratio (DPR) is presently 67.06%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NEE. Evercore ISI reduced their target price on shares of 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 lowered their price target on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. JPMorgan Chase & Co. reduced their price objective on shares of NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Morgan Stanley upped their price target on shares of NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Finally, BMO Capital Markets increased their price objective on shares of NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. Eight investment 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 company has a consensus rating of “Hold” and a consensus target price of $85.85.

Insider Activity at NextEra Energy

In related news, CAO James Michael May sold 2,383 shares of NextEra Energy stock in a transaction 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 completion of the sale, the chief accounting officer now owns 27,427 shares in the company, valued at approximately $1,867,504.43. The trade was a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.18% of the stock is currently owned by insiders.

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.