Second Half Financial Partners LLC Reduces Holdings in NextEra Energy, Inc. (NYSE:NEE)

Second Half Financial Partners LLC lessened its holdings in NextEra Energy, Inc. (NYSE:NEE) by 80.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,835 shares of the utilities provider’s stock after selling 28,293 shares during the period. Second Half Financial Partners LLC’s holdings in NextEra Energy were worth $490,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of NEE. Vanguard Group Inc. boosted its stake in shares of NextEra Energy by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 205,297,225 shares of the utilities provider’s stock valued at $14,717,758,000 after acquiring an additional 2,090,538 shares during the last quarter. Norges Bank acquired a new stake in shares of NextEra Energy during the 4th quarter worth about $3,484,197,000. Geode Capital Management LLC boosted its stake in shares of NextEra Energy by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 43,778,016 shares of the utilities provider’s stock worth $3,129,132,000 after purchasing an additional 1,359,268 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of NextEra Energy by 4.2% during the fourth quarter. Bank of New York Mellon Corp now owns 14,523,786 shares of the utilities provider’s stock worth $1,041,210,000 after buying an additional 588,038 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of NextEra Energy by 2.6% in the fourth 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 during the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NEE has been the subject of several recent analyst reports. Barclays lowered their target price on shares of NextEra Energy from $77.00 to $73.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 22nd. Morgan Stanley reaffirmed an “overweight” rating on shares of NextEra Energy in a research report on Wednesday. JPMorgan Chase & Co. increased their target price on NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 11th. Guggenheim restated a “buy” rating and issued a $89.00 price target on shares of NextEra Energy in a report on Thursday, March 20th. Finally, Erste Group Bank upgraded shares of NextEra Energy to a “strong-buy” rating in a report on Wednesday, April 16th. Eight research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $84.08.

NextEra Energy Price Performance

NEE stock opened at $66.10 on Friday. The firm has a market cap of $136.08 billion, a P/E ratio of 19.61, a price-to-earnings-growth ratio of 2.45 and a beta of 0.58. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10. The stock has a 50-day simple moving average of $69.41 and a 200-day simple moving average of $72.67.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.99. The company had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.58 billion. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. On average, equities analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were given a $0.5665 dividend. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date was Friday, February 28th. NextEra Energy’s dividend payout ratio is presently 84.64%.

Insider Transactions 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. Corporate insiders own 0.18% of the company’s stock.

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.