NextEra Energy, Inc. (NYSE:NEE) Stock Holdings Lowered by Integrated Advisors Network LLC

Integrated Advisors Network LLC lessened its stake in NextEra Energy, Inc. (NYSE:NEE) by 8.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,215 shares of the utilities provider’s stock after selling 2,788 shares during the period. Integrated Advisors Network LLC’s holdings in NextEra Energy were worth $1,835,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NEE. Clear Investment Research LLC grew its position in NextEra Energy by 387.2% in the 4th quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock valued at $28,000 after buying an additional 364 shares in the last quarter. BOK Financial Private Wealth Inc. acquired a new stake in NextEra Energy in the 4th quarter valued at about $29,000. Stuart Chaussee & Associates Inc. lifted its holdings in NextEra Energy by 315.4% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 410 shares during the last quarter. Valued Wealth Advisors LLC acquired a new stake in NextEra Energy in the 4th quarter valued at about $34,000. Finally, Rakuten Securities Inc. acquired a new stake in NextEra Energy in the 4th quarter valued at about $34,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Down 0.2 %

NYSE:NEE traded down $0.12 during mid-day trading on Friday, reaching $73.06. The stock had a trading volume of 6,568,564 shares, compared to its average volume of 10,656,510. The business’s 50 day moving average is $71.54 and its 200 day moving average is $63.59. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $80.47. The stock has a market cap of $150.10 billion, a P/E ratio of 19.91, a PEG ratio of 2.68 and a beta of 0.56. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.43.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The firm had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter in the prior year, the company posted $0.84 earnings per share. The firm’s revenue was down 14.7% on a year-over-year basis. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 3.39 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be issued a dividend of $0.515 per share. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $2.06 annualized dividend and a yield of 2.82%. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Wells Fargo & Company reissued an “overweight” rating and issued a $95.00 price target on shares of NextEra Energy in a report on Wednesday. BMO Capital Markets upped their price objective on shares of NextEra Energy from $78.00 to $79.00 and gave the company an “outperform” rating in a research note on Wednesday. Royal Bank of Canada upped their price objective on shares of NextEra Energy from $74.00 to $84.00 and gave the company an “outperform” rating in a research note on Wednesday. Mizuho lowered shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price target for the company. in a research report on Wednesday. Finally, StockNews.com raised shares of NextEra Energy from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, NextEra Energy has an average rating of “Moderate Buy” and an average target price of $74.86.

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.