Great Lakes Retirement Inc. Sells 80,179 Shares of NextEra Energy, Inc. (NYSE:NEE)

Great Lakes Retirement Inc. trimmed its position in NextEra Energy, Inc. (NYSE:NEE) by 79.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,256 shares of the utilities provider’s stock after selling 80,179 shares during the period. Great Lakes Retirement Inc.’s holdings in NextEra Energy were worth $1,230,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in NEE. Country Trust Bank raised its holdings in NextEra Energy by 975.6% in the 3rd quarter. Country Trust Bank now owns 441 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 400 shares during the period. Alaska Permanent Fund Corp lifted its position in shares of NextEra Energy by 59.8% during the 3rd quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock valued at $32,000 after buying an additional 208 shares in the last quarter. Coppell Advisory Solutions LLC bought a new position in shares of NextEra Energy during the 2nd quarter valued at approximately $32,000. Valued Wealth Advisors LLC purchased a new stake in NextEra Energy in the 4th quarter worth approximately $34,000. Finally, West Tower Group LLC bought a new stake in NextEra Energy during the 2nd quarter worth approximately $36,000. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Price Performance

Shares of NYSE:NEE traded up $0.16 on Thursday, reaching $63.95. The company’s stock had a trading volume of 7,800,915 shares, compared to its average volume of 11,984,015. The company has a 50-day simple moving average of $57.72 and a 200 day simple moving average of $58.58. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.47 and a current ratio of 0.55. The company has a market cap of $131.25 billion, a P/E ratio of 17.61, a PEG ratio of 2.18 and a beta of 0.50. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $79.78.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Thursday, January 25th. The utilities provider reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. The company had revenue of $6.88 billion during the quarter, compared to analyst estimates of $5.72 billion. During the same quarter last year, the business posted $0.51 earnings per share. As a group, equities research analysts anticipate that NextEra Energy, Inc. will post 3.44 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were paid a $0.515 dividend. The ex-dividend date was Monday, February 26th. This represents a $2.06 annualized dividend and a dividend yield of 3.22%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s dividend payout ratio is currently 57.06%.

Analyst Upgrades and Downgrades

NEE has been the subject of a number of recent analyst reports. Mizuho reiterated a “buy” rating and issued a $67.00 price target (up from $65.00) on shares of NextEra Energy in a research report on Friday, March 15th. BMO Capital Markets raised their price target on NextEra Energy from $76.00 to $77.00 and gave the company an “outperform” rating in a report on Monday, March 18th. Guggenheim upped their price objective on NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, January 22nd. Royal Bank of Canada reissued an “outperform” rating and set a $74.00 target price on shares of NextEra Energy in a research note on Tuesday, January 30th. Finally, Citigroup initiated coverage on NextEra Energy in a research note on Friday, December 8th. They issued a “buy” rating and a $69.00 price target for the company. Two analysts have rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, NextEra Energy has an average rating of “Moderate Buy” and a consensus target price of $72.46.

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.