Court Place Advisors LLC Sells 250 Shares of NextEra Energy, Inc. (NYSE:NEE)

Court Place Advisors LLC decreased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 1.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,045 shares of the utilities provider’s stock after selling 250 shares during the period. Court Place Advisors LLC’s holdings in NextEra Energy were worth $1,218,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in NEE. Coppell Advisory Solutions LLC purchased a new stake in NextEra Energy in the 2nd quarter worth about $32,000. BOK Financial Private Wealth Inc. purchased a new stake in NextEra Energy in the 4th quarter worth about $29,000. GeoWealth Management LLC raised its position in NextEra Energy by 124.1% in the 1st quarter. GeoWealth Management LLC now owns 549 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 304 shares during the period. Rakuten Securities Inc. purchased a new stake in NextEra Energy in the 4th quarter worth about $34,000. Finally, Alaska Permanent Fund Corp raised its position in NextEra Energy by 59.8% in the 3rd quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 208 shares during the period. Institutional investors own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

NEE has been the topic of a number of recent analyst reports. Barclays initiated coverage on shares of NextEra Energy in a research report on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 price objective on the stock. Guggenheim raised their target price on shares of NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, January 22nd. BMO Capital Markets reduced their target price on shares of NextEra Energy from $77.00 to $68.00 and set an “outperform” rating on the stock in a research report on Tuesday. Mizuho reaffirmed a “buy” rating and set a $67.00 target price (up from $65.00) on shares of NextEra Energy in a research report on Friday, March 15th. Finally, Wells Fargo & Company raised their target price on shares of NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 19th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $71.36.

NextEra Energy Stock Up 3.4 %

NEE stock traded up $2.09 during trading on Wednesday, hitting $63.79. 15,597,866 shares of the company’s stock traded hands, compared to its average volume of 11,874,226. The firm has a market capitalization of $130.92 billion, a P/E ratio of 17.09, a PEG ratio of 2.26 and a beta of 0.51. The business has a fifty day simple moving average of $59.43 and a two-hundred day simple moving average of $58.35. The company has a quick ratio of 0.47, a current ratio of 0.55 and a debt-to-equity ratio of 1.06. NextEra Energy, Inc. has a 1 year low of $47.15 and a 1 year high of $79.78.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Thursday, January 25th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. The company had revenue of $6.88 billion for the quarter, compared to analyst estimates of $5.72 billion. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. During the same period last year, the company posted $0.51 earnings per share. Sell-side analysts anticipate that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were paid a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 3.23%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date was Monday, February 26th. NextEra Energy’s dividend payout ratio (DPR) is 57.06%.

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.