CJM Wealth Advisers Ltd. Sells 153 Shares of NextEra Energy, Inc. (NYSE:NEE)

CJM Wealth Advisers Ltd. lessened its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,308 shares of the utilities provider’s stock after selling 153 shares during the quarter. CJM Wealth Advisers Ltd.’s holdings in NextEra Energy were worth $309,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in NEE. Legacy Private Trust Co. boosted its position in NextEra Energy by 6.9% during the fourth quarter. Legacy Private Trust Co. now owns 14,755 shares of the utilities provider’s stock worth $1,058,000 after purchasing an additional 950 shares during the period. Private Client Services LLC boosted its holdings in shares of NextEra Energy by 5.0% during the 4th quarter. Private Client Services LLC now owns 3,369 shares of the utilities provider’s stock worth $242,000 after buying an additional 161 shares during the period. Fulton Bank N.A. grew its stake in NextEra Energy by 28.5% in the 4th quarter. Fulton Bank N.A. now owns 28,991 shares of the utilities provider’s stock valued at $2,078,000 after buying an additional 6,437 shares during the last quarter. Park National Corp OH raised its holdings in NextEra Energy by 7.9% in the 4th quarter. Park National Corp OH now owns 335,194 shares of the utilities provider’s stock worth $24,030,000 after acquiring an additional 24,615 shares during the period. Finally, Norway Savings Bank lifted its position in NextEra Energy by 5.3% during the 4th quarter. Norway Savings Bank now owns 23,041 shares of the utilities provider’s stock worth $1,652,000 after acquiring an additional 1,162 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Up 0.3 %

Shares of NEE opened at $70.65 on Friday. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10. The stock has a market cap of $145.29 billion, a price-to-earnings ratio of 20.90, a P/E/G ratio of 2.66 and a beta of 0.58. The company has a 50-day moving average price of $74.43 and a two-hundred day moving average price of $77.31. 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 (NYSE:NEE) last announced its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, beating the consensus estimate of $0.98 by $0.05. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The business had revenue of $7.57 billion for the quarter, compared to analyst estimates of $8.11 billion. During the same quarter in the previous year, the firm earned $0.94 EPS. NextEra Energy’s quarterly revenue was up 5.5% on a year-over-year basis. Equities analysts predict that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The company 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. This represents a $2.06 annualized dividend and a yield of 2.92%. The ex-dividend date was Friday, November 22nd. NextEra Energy’s dividend payout ratio is currently 60.95%.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy 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 value of $302,808.99. Following the completion of the transaction, the executive vice president now owns 15,792 shares in the company, valued at approximately $1,193,401.44. The trade was a 20.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

NEE has been the topic of a number of recent analyst reports. Morgan Stanley dropped their price objective on NextEra Energy from $95.00 to $94.00 and set an “overweight” rating on the stock in a research note on Friday, November 22nd. Guggenheim upped their price target on NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Royal Bank of Canada downgraded shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. BMO Capital Markets upped their target price on shares of NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Finally, Scotiabank boosted their price objective on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $87.15.

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.