NextEra Energy, Inc. (NYSE:NEE) Stock Holdings Trimmed by NTV Asset Management LLC

NTV Asset Management LLC decreased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 40.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,158 shares of the utilities provider’s stock after selling 4,800 shares during the quarter. NTV Asset Management LLC’s holdings in NextEra Energy were worth $435,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of NEE. Brown Advisory Inc. boosted its holdings in shares of NextEra Energy by 20.7% in the third quarter. Brown Advisory Inc. now owns 233,682 shares of the utilities provider’s stock valued at $13,388,000 after acquiring an additional 40,017 shares in the last quarter. Concord Wealth Partners boosted its stake in NextEra Energy by 77.5% during the 3rd quarter. Concord Wealth Partners now owns 24,422 shares of the utilities provider’s stock valued at $1,399,000 after purchasing an additional 10,667 shares in the last quarter. Hixon Zuercher LLC increased its position in shares of NextEra Energy by 20.6% during the 3rd quarter. Hixon Zuercher LLC now owns 81,092 shares of the utilities provider’s stock valued at $4,646,000 after purchasing an additional 13,842 shares during the period. WealthShield Partners LLC raised its stake in shares of NextEra Energy by 4.9% in the 3rd quarter. WealthShield Partners LLC now owns 4,126 shares of the utilities provider’s stock worth $236,000 after buying an additional 193 shares in the last quarter. Finally, Vision Capital Management Inc. lifted its holdings in shares of NextEra Energy by 5.8% in the third quarter. Vision Capital Management Inc. now owns 88,114 shares of the utilities provider’s stock valued at $5,048,000 after buying an additional 4,830 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Stock Up 1.9 %

Shares of NEE stock traded up $1.29 on Friday, reaching $70.14. 12,687,503 shares of the company’s stock traded hands, compared to its average volume of 11,442,457. The company has a market capitalization of $144.10 billion, a P/E ratio of 19.11, a price-to-earnings-growth ratio of 2.58 and a beta of 0.50. NextEra Energy, Inc. has a 12-month low of $47.15 and a 12-month high of $78.53. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.43 and a current ratio of 0.51. The business’s 50 day moving average price is $62.00 and its two-hundred day moving average price is $59.66.

NextEra Energy (NYSE:NEE) last released its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.11. The company had revenue of $5.73 billion for 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%. The business’s revenue for the quarter was down 14.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.84 EPS. On average, equities analysts forecast that NextEra Energy, Inc. will post 3.4 earnings per share for the current 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 paid a dividend of $0.515 per share. The ex-dividend date of this dividend was Monday, February 26th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.94%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s dividend payout ratio (DPR) is 56.13%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on NEE shares. Wells Fargo & Company lifted their target price on NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, March 19th. Bank of America lifted their price objective on shares of NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 23rd. BMO Capital Markets increased their target price on shares of NextEra Energy from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, April 25th. StockNews.com upgraded shares of NextEra Energy from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $74.00 price target on shares of NextEra Energy in a report on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, NextEra Energy has an average rating of “Moderate Buy” and an average price target of $71.50.

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.