Schnieders Capital Management LLC Decreases Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Schnieders Capital Management LLC lowered its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 5.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,520 shares of the utilities provider’s stock after selling 3,213 shares during the period. Schnieders Capital Management LLC’s holdings in NextEra Energy were worth $3,312,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of NEE. BOK Financial Private Wealth Inc. purchased a new stake in shares of NextEra Energy during the 4th quarter worth approximately $29,000. Alaska Permanent Fund Corp boosted its stake in NextEra Energy by 59.8% in the third quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 208 shares in the last quarter. Valued Wealth Advisors LLC purchased a new position in shares of NextEra Energy during the fourth quarter worth about $34,000. Rakuten Securities Inc. purchased a new position in shares of NextEra Energy during the fourth quarter worth about $34,000. Finally, HBC Financial Services PLLC acquired a new stake in shares of NextEra Energy during the fourth quarter worth about $36,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on NEE shares. Guggenheim upped their target price on NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. Scotiabank raised their target price on shares of NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a research report on Monday. StockNews.com raised shares of NextEra Energy from a “sell” rating to a “hold” rating in a report on Monday. Bank of America increased their price target on shares of NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, Morgan Stanley lifted their price objective on shares of NextEra Energy from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.93.

NextEra Energy Stock Performance

Shares of NEE stock traded up $0.87 during trading hours on Tuesday, reaching $66.18. 14,348,517 shares of the company’s stock were exchanged, compared to its average volume of 11,940,309. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.55 and a quick ratio of 0.47. The company’s 50 day moving average is $60.26 and its two-hundred day moving average is $58.83. The company has a market cap of $135.83 billion, a P/E ratio of 18.33, a price-to-earnings-growth ratio of 2.31 and a beta of 0.51. NextEra Energy, Inc. has a 1 year low of $47.15 and a 1 year high of $79.25.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.11. The firm had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $6.28 billion. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. NextEra Energy’s revenue was down 14.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.84 earnings per share. Equities research analysts anticipate that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were issued a $0.515 dividend. The ex-dividend date was Monday, February 26th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 dividend on an annualized basis and a yield of 3.11%. NextEra Energy’s dividend payout ratio (DPR) is 57.06%.

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.