RMR Wealth Builders Sells 1,393 Shares of NextEra Energy, Inc. (NYSE:NEE)

RMR Wealth Builders reduced its holdings in NextEra Energy, Inc. (NYSE:NEE) by 13.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,638 shares of the utilities provider’s stock after selling 1,393 shares during the quarter. RMR Wealth Builders’ holdings in NextEra Energy were worth $619,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Lynch & Associates IN increased its holdings in NextEra Energy by 5.1% in the fourth quarter. Lynch & Associates IN now owns 60,392 shares of the utilities provider’s stock worth $4,330,000 after purchasing an additional 2,953 shares in the last quarter. Atlas Brown Inc. increased its holdings in NextEra Energy by 1.5% in the fourth quarter. Atlas Brown Inc. now owns 13,661 shares of the utilities provider’s stock worth $979,000 after purchasing an additional 196 shares in the last quarter. Sugarloaf Wealth Management LLC increased its holdings in NextEra Energy by 9.8% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 3,783 shares of the utilities provider’s stock worth $271,000 after purchasing an additional 339 shares in the last quarter. LVM Capital Management Ltd. MI increased its holdings in NextEra Energy by 1.0% in the fourth quarter. LVM Capital Management Ltd. MI now owns 22,192 shares of the utilities provider’s stock worth $1,591,000 after purchasing an additional 228 shares in the last quarter. Finally, ORG Wealth Partners LLC increased its holdings in NextEra Energy by 835.2% in the fourth quarter. ORG Wealth Partners LLC now owns 4,947 shares of the utilities provider’s stock worth $355,000 after purchasing an additional 4,418 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on NEE shares. BMO Capital Markets lifted their target price on NextEra Energy from $83.00 to $91.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Royal Bank of Canada cut NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Morgan Stanley reduced their price objective on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating for the company in a research note on Friday, November 22nd. Guggenheim raised their price objective on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Jefferies Financial Group assumed coverage on NextEra Energy in a research note on Thursday, September 19th. They issued a “hold” rating and a $87.00 price objective for the company. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $87.15.

Insider Buying and Selling

In related news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the sale, the executive vice president now directly owns 15,792 shares in the company, valued at approximately $1,193,401.44. This trade represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.18% of the stock is currently owned by corporate insiders.

NextEra Energy Stock Down 4.6 %

Shares of NYSE:NEE opened at $67.39 on Friday. The stock has a market cap of $138.58 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 2.66 and a beta of 0.58. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10. The business’s 50 day moving average is $74.23 and its 200 day moving average is $77.27.

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. The business had revenue of $7.57 billion for the quarter, compared to analyst estimates of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. NextEra Energy’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period last year, the company posted $0.94 earnings per share. On average, sell-side analysts forecast that NextEra Energy, Inc. will post 3.41 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 22nd were issued a dividend of $0.515 per share. The ex-dividend date was Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a yield of 3.06%. NextEra Energy’s dividend payout ratio (DPR) is currently 60.95%.

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.