NextEra Energy, Inc. (NYSE:NEE) Position Reduced by West Paces Advisors Inc.

West Paces Advisors Inc. cut its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,675 shares of the utilities provider’s stock after selling 222 shares during the quarter. West Paces Advisors Inc.’s holdings in NextEra Energy were worth $1,002,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Clear Investment Research LLC lifted its position in shares of NextEra Energy by 387.2% in the fourth quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock worth $28,000 after purchasing an additional 364 shares in the last quarter. BOK Financial Private Wealth Inc. acquired a new position in NextEra Energy during the fourth quarter valued at approximately $29,000. Stuart Chaussee & Associates Inc. grew its stake in shares of NextEra Energy by 315.4% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 410 shares during the last quarter. Rakuten Securities Inc. acquired a new stake in shares of NextEra Energy in the fourth quarter worth $34,000. Finally, Valued Wealth Advisors LLC bought a new position in NextEra Energy in the fourth quarter worth $34,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Stock Performance

NYSE NEE traded up $0.39 on Wednesday, reaching $73.37. The stock had a trading volume of 11,480,778 shares, compared to its average volume of 11,914,244. The company has a market cap of $150.74 billion, a P/E ratio of 20.04, a price-to-earnings-growth ratio of 2.50 and a beta of 0.56. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $80.47. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.43. The firm has a fifty day moving average of $72.74 and a two-hundred day moving average of $64.26.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The company had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $6.28 billion. During the same quarter last year, the business earned $0.84 earnings per share. NextEra Energy’s revenue was down 14.7% on a year-over-year basis. On average, equities research analysts anticipate that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend was Monday, June 3rd. NextEra Energy’s payout ratio is 56.13%.

Wall Street Analyst Weigh In

NEE has been the subject of a number of analyst reports. Scotiabank lifted their price objective on NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a report on Monday, April 22nd. Mizuho cut NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price target for the company. in a report on Wednesday, June 12th. Bank of America lifted their price objective on NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 23rd. JPMorgan Chase & Co. lifted their price objective on NextEra Energy from $76.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, June 20th. Finally, Evercore ISI boosted their target price on NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a research report on Wednesday, June 12th. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $76.50.

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.