Oliver Lagore Vanvalin Investment Group Sells 1,319 Shares of NextEra Energy, Inc. (NYSE:NEE)

Oliver Lagore Vanvalin Investment Group lowered its holdings in NextEra Energy, Inc. (NYSE:NEE) by 7.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,069 shares of the utilities provider’s stock after selling 1,319 shares during the period. Oliver Lagore Vanvalin Investment Group’s holdings in NextEra Energy were worth $1,037,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. NBW Capital LLC bought a new position in NextEra Energy in the fourth quarter valued at $247,000. Ninety One UK Ltd lifted its stake in shares of NextEra Energy by 6.3% during the 4th quarter. Ninety One UK Ltd now owns 4,739,716 shares of the utilities provider’s stock worth $287,890,000 after buying an additional 279,205 shares during the last quarter. Ninety One North America Inc. lifted its stake in shares of NextEra Energy by 62.0% during the 4th quarter. Ninety One North America Inc. now owns 159,541 shares of the utilities provider’s stock worth $9,691,000 after buying an additional 61,058 shares during the last quarter. Tranquility Partners LLC lifted its stake in shares of NextEra Energy by 48.2% during the 4th quarter. Tranquility Partners LLC now owns 19,118 shares of the utilities provider’s stock worth $1,161,000 after buying an additional 6,218 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its stake in shares of NextEra Energy by 91.4% during the 4th quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 5,106 shares of the utilities provider’s stock worth $310,000 after buying an additional 2,438 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

NEE has been the subject of a number of research reports. Wells Fargo & Company raised their target price on shares of NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 19th. Guggenheim lifted their price objective on shares of NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, January 22nd. Royal Bank of Canada reiterated an “outperform” rating and issued a $74.00 price objective on shares of NextEra Energy in a research note on Tuesday, January 30th. BMO Capital Markets dropped their price objective on shares of NextEra Energy from $77.00 to $68.00 and set an “outperform” rating for the company in a research note on Tuesday. Finally, StockNews.com cut shares of NextEra Energy from a “hold” rating to a “sell” rating in a research note on Monday, February 19th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $71.36.

NextEra Energy Stock Up 0.6 %

Shares of NextEra Energy stock traded up $0.38 during trading on Thursday, reaching $64.17. 5,653,003 shares of the company traded hands, compared to its average volume of 11,788,842. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.55 and a quick ratio of 0.47. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $79.78. The company has a 50 day moving average price of $59.58 and a 200-day moving average price of $58.39. The firm has a market capitalization of $131.70 billion, a PE ratio of 17.72, a P/E/G ratio of 2.22 and a beta of 0.51.

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, beating 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 company had revenue of $6.88 billion for the quarter, compared to the consensus estimate of $5.72 billion. During the same quarter in the previous year, the company earned $0.51 EPS. As a group, equities research analysts expect that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date was Monday, February 26th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s payout ratio is 57.06%.

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.