Dohj LLC Reduces Stake in NextEra Energy, Inc. (NYSE:NEE)

Dohj LLC lowered its holdings in NextEra Energy, Inc. (NYSE:NEE) by 3.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 7,161 shares of the utilities provider’s stock after selling 250 shares during the quarter. Dohj LLC’s holdings in NextEra Energy were worth $435,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Greenfield Savings Bank increased its holdings in shares of NextEra Energy by 0.5% in the 4th quarter. Greenfield Savings Bank now owns 32,220 shares of the utilities provider’s stock valued at $1,957,000 after acquiring an additional 163 shares during the last quarter. Bay Harbor Wealth Management LLC increased its holdings in shares of NextEra Energy by 22.7% in the 4th quarter. Bay Harbor Wealth Management LLC now owns 930 shares of the utilities provider’s stock valued at $56,000 after acquiring an additional 172 shares during the last quarter. MKT Advisors LLC grew its stake in NextEra Energy by 2.9% during the 4th quarter. MKT Advisors LLC now owns 6,233 shares of the utilities provider’s stock worth $387,000 after buying an additional 173 shares during the last quarter. Meritage Portfolio Management grew its stake in NextEra Energy by 3.9% during the 3rd quarter. Meritage Portfolio Management now owns 4,701 shares of the utilities provider’s stock worth $269,000 after buying an additional 177 shares during the last quarter. Finally, First Pacific Financial grew its stake in NextEra Energy by 2.0% during the 4th quarter. First Pacific Financial now owns 8,885 shares of the utilities provider’s stock worth $540,000 after buying an additional 177 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

NEE stock traded down $0.91 during midday trading on Friday, hitting $65.99. 9,982,762 shares of the stock were exchanged, compared to its average volume of 10,921,297. The stock’s 50-day moving average price is $60.85 and its 200-day moving average price is $59.06. The stock has a market cap of $135.58 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 2.46 and a beta of 0.51. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $78.53. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.47 and a current ratio of 0.51.

NextEra Energy (NYSE:NEE) last issued 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 11.72% and a net margin of 27.62%. NextEra Energy’s revenue was down 14.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.84 earnings per share. Research analysts predict that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were given a dividend of $0.515 per share. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date was Monday, February 26th. This represents a $2.06 annualized dividend and a yield of 3.12%. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Wall Street Analyst Weigh In

NEE has been the topic of a number of research reports. StockNews.com upgraded NextEra Energy from a “sell” rating to a “hold” rating in a research note on Monday, April 22nd. Guggenheim raised their price target on NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, January 22nd. Wells Fargo & Company raised their price target on NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 19th. Bank of America raised their price target on NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a research note on Tuesday. Finally, BMO Capital Markets increased their price objective on NextEra Energy from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $71.50.

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.