Logan Capital Management Inc. Sells 3,894 Shares of NextEra Energy, Inc. (NYSE:NEE)

Logan Capital Management Inc. lessened its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 5.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 67,455 shares of the utilities provider’s stock after selling 3,894 shares during the period. Logan Capital Management Inc.’s holdings in NextEra Energy were worth $4,836,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of NEE. Accel Wealth Management raised its holdings in shares of NextEra Energy by 1.7% during the 4th quarter. Accel Wealth Management now owns 8,615 shares of the utilities provider’s stock worth $618,000 after acquiring an additional 145 shares in the last quarter. L.M. Kohn & Company increased its position in NextEra Energy by 1.0% in the fourth quarter. L.M. Kohn & Company now owns 15,353 shares of the utilities provider’s stock worth $1,101,000 after purchasing an additional 145 shares during the last quarter. Tortoise Investment Management LLC raised its stake in NextEra Energy by 8.3% during the fourth quarter. Tortoise Investment Management LLC now owns 1,943 shares of the utilities provider’s stock valued at $139,000 after purchasing an additional 149 shares in the last quarter. Baker Ellis Asset Management LLC lifted its position in NextEra Energy by 1.3% during the fourth quarter. Baker Ellis Asset Management LLC now owns 11,666 shares of the utilities provider’s stock valued at $836,000 after purchasing an additional 150 shares during the last quarter. Finally, Anchor Capital Advisors LLC grew its stake in shares of NextEra Energy by 5.1% in the 4th quarter. Anchor Capital Advisors LLC now owns 3,105 shares of the utilities provider’s stock worth $223,000 after buying an additional 150 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the firm’s stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $70.00, for a total transaction of $1,657,880.00. Following the transaction, the executive vice president now owns 196,817 shares of the company’s stock, valued at approximately $13,777,190. This trade represents a 10.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO James Michael May sold 2,383 shares of the business’s stock in a transaction dated 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 sale, the chief accounting officer now owns 27,427 shares of the company’s stock, valued at approximately $1,867,504.43. This represents a 7.99% decrease in their position. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

NEE has been the topic of several analyst reports. Barclays reduced their price objective on NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 29th. Wells Fargo & Company cut their target price on NextEra Energy from $102.00 to $97.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. Jefferies Financial Group lowered their price target on NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Evercore ISI dropped their price objective on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research note on Monday, January 27th. Finally, Morgan Stanley reissued an “overweight” rating on shares of NextEra Energy in a research note on Wednesday, April 23rd. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, NextEra Energy currently has an average rating of “Hold” and a consensus target price of $83.46.

NextEra Energy Price Performance

NextEra Energy stock opened at $69.66 on Tuesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The stock has a market cap of $143.40 billion, a price-to-earnings ratio of 20.67, a price-to-earnings-growth ratio of 2.45 and a beta of 0.69. The firm has a 50-day moving average of $68.71 and a two-hundred day moving average of $71.39. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $86.10.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share for the quarter, meeting the consensus estimate of $0.99. The firm had revenue of $6.25 billion during the quarter, compared to the consensus estimate of $6.58 billion. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The company’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.91 earnings per share. On average, research analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were given a dividend of $0.5665 per share. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date was Friday, February 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.25%. NextEra Energy’s dividend payout ratio is presently 84.64%.

About NextEra Energy

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.