NextEra Energy, Inc. $NEE Shares Sold by Synergy Asset Management LLC

Synergy Asset Management LLC reduced its holdings in NextEra Energy, Inc. (NYSE:NEE) by 64.9% during the 4th quarter, Holdings Channel reports. The fund owned 7,723 shares of the utilities provider’s stock after selling 14,305 shares during the quarter. Synergy Asset Management LLC’s holdings in NextEra Energy were worth $620,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in NEE. Norges Bank acquired a new position in shares of NextEra Energy during the second quarter valued at $2,375,545,000. Assenagon Asset Management S.A. grew its position in NextEra Energy by 1,765.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 3,968,305 shares of the utilities provider’s stock valued at $299,567,000 after buying an additional 3,755,563 shares in the last quarter. Danica Pension Livsforsikringsaktieselskab acquired a new position in NextEra Energy during the 3rd quarter valued at about $177,198,000. Amundi raised its position in shares of NextEra Energy by 16.7% during the 3rd quarter. Amundi now owns 12,461,783 shares of the utilities provider’s stock worth $1,012,129,000 after buying an additional 1,780,881 shares in the last quarter. Finally, Schroder Investment Management Group lifted its stake in shares of NextEra Energy by 18.7% in the 2nd quarter. Schroder Investment Management Group now owns 10,796,329 shares of the utilities provider’s stock worth $749,481,000 after acquiring an additional 1,701,648 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Performance

NEE opened at $91.15 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.60 and a debt-to-equity ratio of 1.35. The firm has a market cap of $189.90 billion, a PE ratio of 27.70 and a beta of 0.76. The business has a fifty day simple moving average of $90.33 and a 200-day simple moving average of $84.02. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $95.91.

NextEra Energy (NYSE:NEE) last announced its earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.01. NextEra Energy had a return on equity of 12.18% and a net margin of 24.93%.The company had revenue of $6.50 billion for the quarter, compared to analyst estimates of $7.07 billion. During the same period in the previous year, the firm earned $0.53 earnings per share. NextEra Energy’s revenue for the quarter was up 20.7% compared to the same quarter last year. As a group, equities analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Shareholders of record on Friday, February 27th were issued a dividend of $0.6232 per share. This represents a $2.49 annualized dividend and a yield of 2.7%. The ex-dividend date was Friday, February 27th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.57. NextEra Energy’s dividend payout ratio is presently 75.68%.

Insider Activity

In other NextEra Energy news, CEO John W. Ketchum sold 99,603 shares of the company’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $89.34, for a total transaction of $8,898,532.02. Following the completion of the sale, the chief executive officer directly owned 305,933 shares of the company’s stock, valued at approximately $27,332,054.22. This represents a 24.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Charles E. Sieving sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total transaction of $2,700,000.00. Following the completion of the transaction, the executive vice president owned 167,481 shares of the company’s stock, valued at approximately $15,073,290. The trade was a 15.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 190,816 shares of company stock worth $17,075,619. 0.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. UBS Group raised their price objective on shares of NextEra Energy from $91.00 to $104.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Jefferies Financial Group set a $87.00 price target on NextEra Energy in a research report on Wednesday, January 14th. Wolfe Research upped their price objective on NextEra Energy from $87.00 to $94.00 and gave the company an “outperform” rating in a report on Monday, December 1st. Mizuho set a $90.00 target price on NextEra Energy and gave the stock a “neutral” rating in a report on Wednesday, January 28th. Finally, Seaport Research Partners dropped their price target on shares of NextEra Energy from $56.00 to $55.00 and set a “sell” rating on the stock in a research report on Monday, February 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $94.44.

NextEra Energy Company Profile

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.