NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Quantum Private Wealth LLC

Quantum Private Wealth LLC trimmed its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,158 shares of the utilities provider’s stock after selling 571 shares during the period. Quantum Private Wealth LLC’s holdings in NextEra Energy were worth $799,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of NextEra Energy by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock valued at $11,368,065,000 after purchasing an additional 1,956,153 shares during the period. Norges Bank acquired a new position in shares of NextEra Energy in the 4th quarter valued at $2,774,845,000. Moneta Group Investment Advisors LLC lifted its stake in shares of NextEra Energy by 66,613.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 30,263,816 shares of the utilities provider’s stock valued at $2,530,055,000 after purchasing an additional 30,218,452 shares during the period. Northern Trust Corp lifted its stake in shares of NextEra Energy by 2.0% in the 3rd quarter. Northern Trust Corp now owns 22,982,250 shares of the utilities provider’s stock valued at $1,316,653,000 after purchasing an additional 455,271 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of NextEra Energy by 1.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 19,626,941 shares of the utilities provider’s stock valued at $1,538,947,000 after purchasing an additional 315,356 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Price Performance

Shares of NextEra Energy stock traded down $1.05 during trading hours on Wednesday, reaching $61.70. 11,594,124 shares of the company’s stock were exchanged, compared to its average volume of 11,029,350. NextEra Energy, Inc. has a 1 year low of $47.15 and a 1 year high of $79.78. The company has a market capitalization of $126.63 billion, a P/E ratio of 17.09, a price-to-earnings-growth ratio of 2.26 and a beta of 0.51. The business has a fifty day moving average of $59.43 and a two-hundred day moving average of $58.35. The company has a quick ratio of 0.47, a current ratio of 0.55 and a debt-to-equity ratio of 1.06.

NextEra Energy (NYSE:NEE) last released its earnings results on Thursday, January 25th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. The business had revenue of $6.88 billion during the quarter, compared to analyst estimates of $5.72 billion. During the same quarter in the prior year, the firm earned $0.51 earnings per share. As a group, research analysts predict that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were issued a $0.515 dividend. The ex-dividend date was Monday, February 26th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.34%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s dividend payout ratio is currently 57.06%.

Analysts Set New Price Targets

NEE has been the subject of several analyst reports. Wells Fargo & Company boosted their target price on shares of NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. Mizuho restated a “buy” rating and set a $67.00 price objective (up from $65.00) on shares of NextEra Energy in a research report on Friday, March 15th. StockNews.com cut shares of NextEra Energy from a “hold” rating to a “sell” rating in a research report on Monday, February 19th. Guggenheim upped their price objective on shares of 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 began coverage on shares of NextEra Energy in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 price objective for the company. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.36.

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.