Cypress Wealth Services LLC trimmed its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 15.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,556 shares of the utilities provider’s stock after selling 812 shares during the period. Cypress Wealth Services LLC’s holdings in NextEra Energy were worth $344,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Parsec Financial Management Inc. raised its position in NextEra Energy by 297.6% during the fourth quarter. Parsec Financial Management Inc. now owns 34,358 shares of the utilities provider’s stock valued at $2,651,000 after buying an additional 25,716 shares during the period. Glenview Trust Co raised its position in NextEra Energy by 299.0% during the fourth quarter. Glenview Trust Co now owns 40,023 shares of the utilities provider’s stock valued at $3,087,000 after buying an additional 29,991 shares during the period. Whittier Trust Co. of Nevada Inc. raised its position in NextEra Energy by 388.7% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 29,675 shares of the utilities provider’s stock valued at $2,289,000 after buying an additional 23,603 shares during the period. CENTRAL TRUST Co raised its position in NextEra Energy by 296.1% during the fourth quarter. CENTRAL TRUST Co now owns 227,754 shares of the utilities provider’s stock valued at $17,571,000 after buying an additional 170,258 shares during the period. Finally, Meitav Dash Investments Ltd. raised its position in NextEra Energy by 298.5% during the fourth quarter. Meitav Dash Investments Ltd. now owns 449,847 shares of the utilities provider’s stock valued at $34,704,000 after buying an additional 336,954 shares during the period. 19.20% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have commented on NEE shares. Bank of America restated a “buy” rating and issued a $81.00 target price on shares of NextEra Energy in a research note on Friday, January 15th. Sanford C. Bernstein started coverage on NextEra Energy in a research note on Tuesday, March 9th. They issued an “outperform” rating and a $88.00 target price on the stock. Wells Fargo & Company boosted their target price on NextEra Energy from $85.00 to $100.00 and gave the company an “overweight” rating in a research note on Wednesday, January 27th. Credit Suisse Group upgraded NextEra Energy from a “neutral” rating to an “outperform” rating and decreased their price target for the stock from $87.00 to $85.00 in a research note on Monday, March 15th. Finally, Morgan Stanley upped their price target on NextEra Energy from $66.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Monday, April 26th. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $78.83.
NextEra Energy stock opened at $76.70 on Tuesday. The business has a 50 day moving average price of $76.41 and a two-hundred day moving average price of $78.07. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 1.02. The stock has a market cap of $150.44 billion, a price-to-earnings ratio of 38.64, a price-to-earnings-growth ratio of 4.07 and a beta of 0.16. NextEra Energy, Inc. has a 12 month low of $55.65 and a 12 month high of $87.69.
NextEra Energy (NYSE:NEE) last issued its earnings results on Tuesday, April 20th. The utilities provider reported $0.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.08. NextEra Energy had a return on equity of 10.79% and a net margin of 21.44%. The business had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $5.01 billion. During the same period in the prior year, the firm posted $0.59 EPS. NextEra Energy’s quarterly revenue was down 19.2% compared to the same quarter last year. On average, analysts expect that NextEra Energy, Inc. will post 2.3 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, March 15th. Stockholders of record on Friday, February 26th were issued a $0.385 dividend. The ex-dividend date of this dividend was Thursday, February 25th. This represents a $1.54 dividend on an annualized basis and a dividend yield of 2.01%. NextEra Energy’s payout ratio is presently 73.68%.
NextEra Energy Company 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, and fossil fuel, such as coal and natural gas facilities. It also develops, constructs, and operates long-term contracted assets with a focus on renewable generation facilities, electric transmission facilities, and battery storage projects; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.
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