NextEra Energy, Inc. (NYSE:NEE) Holdings Lowered by White Pine Capital LLC

White Pine Capital LLC trimmed its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 72.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,133 shares of the utilities provider’s stock after selling 10,633 shares during the period. White Pine Capital LLC’s holdings in NextEra Energy were worth $251,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. BOK Financial Private Wealth Inc. purchased a new stake in NextEra Energy in the 4th quarter worth about $29,000. Alaska Permanent Fund Corp lifted its stake in NextEra Energy by 59.8% in the 3rd quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 208 shares in the last quarter. Stuart Chaussee & Associates Inc. lifted its stake in NextEra Energy by 315.4% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock worth $33,000 after acquiring an additional 410 shares in the last quarter. Valued Wealth Advisors LLC acquired a new position in NextEra Energy in the 4th quarter worth about $34,000. Finally, Rakuten Securities Inc. acquired a new position in NextEra Energy in the 4th quarter worth about $34,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Trading Down 1.4 %

Shares of NYSE NEE traded down $0.91 during midday trading on Friday, hitting $65.99. The stock had a trading volume of 9,982,762 shares, compared to its average volume of 10,921,297. The company’s 50-day simple moving average is $60.85 and its 200 day simple moving average is $59.11. The firm has a market cap of $135.58 billion, a P/E ratio of 17.98, a price-to-earnings-growth ratio of 2.43 and a beta of 0.51. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $78.53. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.47.

NextEra Energy (NYSE:NEE) last released its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, beating the consensus estimate of $0.80 by $0.11. The company had revenue of $5.73 billion during 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 period last year, the firm earned $0.84 EPS. Research analysts anticipate that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were paid a dividend of $0.515 per share. The ex-dividend date was Monday, February 26th. 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%. NextEra Energy’s payout ratio is 56.13%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on NEE shares. BMO Capital Markets upped their target price on NextEra Energy from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday. Wells Fargo & Company increased their target price on NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. Bank of America increased their target price on NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, April 23rd. Guggenheim raised their price objective on NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, January 22nd. Finally, Barclays initiated coverage on NextEra Energy in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 target price for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $71.50.

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.