Kovitz Investment Group Partners LLC Has $534,000 Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Kovitz Investment Group Partners LLC decreased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 11.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 8,791 shares of the utilities provider’s stock after selling 1,151 shares during the quarter. Kovitz Investment Group Partners LLC’s holdings in NextEra Energy were worth $534,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. BOK Financial Private Wealth Inc. bought a new stake in NextEra Energy in the 4th quarter valued at about $29,000. Alaska Permanent Fund Corp raised its position in shares of NextEra Energy by 59.8% in the third 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. Stuart Chaussee & Associates Inc. boosted 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 valued at $33,000 after buying an additional 410 shares during the period. Valued Wealth Advisors LLC acquired a new stake in NextEra Energy during the fourth quarter worth approximately $34,000. Finally, Rakuten Securities Inc. bought a new position in NextEra Energy during the 4th quarter worth $34,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. BMO Capital Markets upped their target price on NextEra Energy from $72.00 to $78.00 and gave the company an “outperform” rating in a research report on Tuesday, May 7th. Guggenheim boosted their price target on NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, January 22nd. Morgan Stanley increased their price objective on shares of NextEra Energy from $77.00 to $79.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. Scotiabank boosted their target price on shares of NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a research report on Monday, April 22nd. Finally, Wells Fargo & Company upped their price target on shares of NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, March 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $71.93.

NextEra Energy Trading Down 1.1 %

NYSE NEE opened at $73.79 on Friday. The company has a market cap of $151.60 billion, a price-to-earnings ratio of 20.11, a price-to-earnings-growth ratio of 2.72 and a beta of 0.50. NextEra Energy, Inc. has a twelve month low of $47.15 and a twelve month high of $78.53. The company has a quick ratio of 0.43, a current ratio of 0.51 and a debt-to-equity ratio of 1.12. The business’s fifty day moving average is $63.77 and its 200 day moving average is $60.28.

NextEra Energy (NYSE:NEE) last posted 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 firm had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $6.28 billion. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The business’s quarterly revenue was down 14.7% on a year-over-year basis. During the same period last year, the company earned $0.84 earnings per share. As a group, sell-side analysts expect that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were paid a dividend of $0.515 per share. The ex-dividend date was Monday, February 26th. This represents a $2.06 annualized dividend and a dividend yield of 2.79%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

NextEra Energy 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.