NextEra Energy, Inc. (NYSE:NEE) Holdings Decreased by Founders Financial Securities LLC

Founders Financial Securities LLC trimmed its position in NextEra Energy, Inc. (NYSE:NEE) by 10.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,534 shares of the utilities provider’s stock after selling 881 shares during the quarter. Founders Financial Securities LLC’s holdings in NextEra Energy were worth $481,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Norges Bank bought a new position in NextEra Energy during the 4th quarter worth $2,561,055,000. International Assets Investment Management LLC boosted its position in NextEra Energy by 7,999.6% during the 4th quarter. International Assets Investment Management LLC now owns 2,173,459 shares of the utilities provider’s stock worth $132,016,000 after acquiring an additional 2,146,625 shares during the period. Vanguard Group Inc. boosted its position in NextEra Energy by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock worth $11,368,065,000 after acquiring an additional 1,956,153 shares during the period. Capital World Investors acquired a new position in NextEra Energy during the 4th quarter worth $114,953,000. Finally, AEGON ASSET MANAGEMENT UK Plc acquired a new stake in shares of NextEra Energy in the fourth quarter valued at $94,883,000. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Stock Performance

NEE traded down $2.91 during midday trading on Friday, reaching $70.81. The company’s stock had a trading volume of 23,935,557 shares, compared to its average volume of 12,340,414. The stock has a market cap of $145.48 billion, a P/E ratio of 19.29, a PEG ratio of 2.42 and a beta of 0.56. The company has a fifty day simple moving average of $73.25 and a 200 day simple moving average of $64.50. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.12. NextEra Energy, Inc. has a twelve month low of $47.15 and a twelve month high of $80.47.

NextEra Energy (NYSE:NEE) last released its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $6.28 billion. During the same quarter last year, the firm posted $0.84 EPS. The company’s revenue was down 14.7% on a year-over-year basis. Research analysts expect that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were given a dividend of $0.515 per share. The ex-dividend date was Monday, June 3rd. This represents a $2.06 annualized dividend and a dividend yield of 2.91%. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Morgan Stanley boosted their target price on NextEra Energy from $79.00 to $83.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 28th. Scotiabank upped their price target on NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a research report on Monday, April 22nd. Wells Fargo & Company reissued an “overweight” rating and set a $95.00 price target on shares of NextEra Energy in a research report on Wednesday, June 12th. Bank of America upped their target price on NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 23rd. Finally, Mizuho lowered NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 target price on the stock. in a research report on Wednesday, June 12th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $77.57.

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.