Onyx Bridge Wealth Group LLC Has $310,000 Stake in NextEra Energy, Inc. (NYSE:NEE)

Onyx Bridge Wealth Group LLC decreased its position in NextEra Energy, Inc. (NYSE:NEE) by 5.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,111 shares of the utilities provider’s stock after selling 293 shares during the period. Onyx Bridge Wealth Group LLC’s holdings in NextEra Energy were worth $310,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of NEE. BOK Financial Private Wealth Inc. acquired a new position in NextEra Energy in the fourth quarter valued at $29,000. Alaska Permanent Fund Corp increased its stake in 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 purchasing an additional 208 shares in the last quarter. Coppell Advisory Solutions LLC bought a new stake in NextEra Energy in the second quarter valued at $32,000. Valued Wealth Advisors LLC bought a new stake in NextEra Energy in the fourth quarter valued at $34,000. Finally, Rakuten Securities Inc. bought a new stake in NextEra Energy in the fourth quarter valued at $34,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Ratings Changes

NEE has been the subject of several research analyst reports. Guggenheim lifted their price target on shares of NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, January 22nd. Barclays initiated coverage on shares of NextEra Energy in a research note on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 price target for the company. StockNews.com downgraded shares of NextEra Energy from a “hold” rating to a “sell” rating in a research note on Monday, February 19th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $74.00 price target on shares of NextEra Energy in a research note on Tuesday, January 30th. Finally, BMO Capital Markets decreased their target price on shares of NextEra Energy from $77.00 to $68.00 and set an “outperform” rating for the company in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, NextEra Energy has a consensus rating of “Moderate Buy” and a consensus target price of $71.36.

NextEra Energy Stock Up 0.5 %

NEE stock traded up $0.29 during trading on Friday, reaching $64.30. The stock had a trading volume of 13,419,416 shares, compared to its average volume of 10,694,062. NextEra Energy, Inc. has a one year low of $47.15 and a one year high of $79.78. The company has a quick ratio of 0.47, a current ratio of 0.55 and a debt-to-equity ratio of 1.06. The company’s 50 day moving average is $59.89 and its two-hundred day moving average is $58.51. The company has a market capitalization of $131.97 billion, a price-to-earnings ratio of 17.81, a P/E/G ratio of 2.30 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 for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The firm had revenue of $6.88 billion for the quarter, compared to analysts’ expectations of $5.72 billion. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. During the same period in the previous year, the company earned $0.51 earnings per share. Equities research analysts forecast that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 3.20%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date was Monday, February 26th. NextEra Energy’s payout ratio is presently 57.06%.

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.