Argonautica Private Wealth Management Inc. Sells 680 Shares of NextEra Energy, Inc. (NYSE:NEE)

Argonautica Private Wealth Management Inc. cut its stake in NextEra Energy, Inc. (NYSE:NEE) by 2.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,828 shares of the utilities provider’s stock after selling 680 shares during the quarter. Argonautica Private Wealth Management Inc.’s holdings in NextEra Energy were worth $1,447,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of NEE. Mizuho Markets Americas LLC bought a new position in shares of NextEra Energy in the third quarter valued at about $141,817,000. Nordea Investment Management AB grew its stake in shares of NextEra Energy by 59.1% in the third quarter. Nordea Investment Management AB now owns 5,784,080 shares of the utilities provider’s stock valued at $337,096,000 after acquiring an additional 2,148,205 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of NextEra Energy by 7,999.6% in the fourth quarter. International Assets Investment Management LLC now owns 2,173,459 shares of the utilities provider’s stock valued at $132,016,000 after acquiring an additional 2,146,625 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of NextEra Energy by 1.0% in the third quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock valued at $11,368,065,000 after acquiring an additional 1,956,153 shares in the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of NextEra Energy in the fourth quarter valued at about $94,883,000. 78.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on NEE. Bank of America upped their price target on shares of NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday. StockNews.com upgraded shares of NextEra Energy from a “sell” rating to a “hold” rating in a research note on Monday, April 22nd. Guggenheim increased their price objective on shares of NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, January 22nd. Scotiabank increased their price objective on shares of NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a research note on Monday, April 22nd. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $74.00 price objective on shares of NextEra Energy in a research note 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 assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $71.50.

NextEra Energy Price Performance

Shares of NEE stock traded down $0.91 on Friday, reaching $65.99. The company had a trading volume of 9,982,762 shares, compared to its average volume of 10,921,297. The stock has a market capitalization of $135.58 billion, a PE ratio of 17.99, a price-to-earnings-growth ratio of 2.46 and a beta of 0.51. The company has a quick ratio of 0.47, a current ratio of 0.51 and a debt-to-equity ratio of 1.12. NextEra Energy, Inc. has a one year low of $47.15 and a one year high of $78.53. The business’s 50-day moving average is $60.85 and its 200 day moving average is $59.06.

NextEra Energy (NYSE:NEE) last posted its 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. The firm had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $6.28 billion. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The business’s revenue for the quarter was down 14.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.84 earnings per share. Equities research analysts forecast that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The business 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. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date was Monday, February 26th. NextEra Energy’s dividend payout ratio is currently 56.13%.

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,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.