Northwest Capital Management Inc Has $79,000 Holdings in NextEra Energy, Inc. (NYSE:NEE)

Northwest Capital Management Inc cut its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 28.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,294 shares of the utilities provider’s stock after selling 527 shares during the period. Northwest Capital Management Inc’s holdings in NextEra Energy were worth $79,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of NEE. Wimmer Associates 1 LLC grew its position in shares of NextEra Energy by 3.6% during the 1st quarter. Wimmer Associates 1 LLC now owns 3,935 shares of the utilities provider’s stock valued at $305,000 after acquiring an additional 135 shares during the period. Kolinsky Wealth Management LLC grew its position in shares of NextEra Energy by 2.1% during the 1st quarter. Kolinsky Wealth Management LLC now owns 6,669 shares of the utilities provider’s stock valued at $514,000 after acquiring an additional 139 shares during the period. Baldwin Investment Management LLC lifted its stake in shares of NextEra Energy by 0.4% during the 1st quarter. Baldwin Investment Management LLC now owns 35,437 shares of the utilities provider’s stock valued at $2,731,000 after buying an additional 150 shares in the last quarter. Greenfield Savings Bank boosted its holdings in NextEra Energy by 0.5% in the 4th quarter. Greenfield Savings Bank now owns 32,220 shares of the utilities provider’s stock worth $1,957,000 after buying an additional 163 shares during the period. Finally, Barnes Pettey Financial Advisors LLC boosted its holdings in NextEra Energy by 1.7% in the 4th quarter. Barnes Pettey Financial Advisors LLC now owns 10,181 shares of the utilities provider’s stock worth $851,000 after buying an additional 169 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on NEE shares. StockNews.com downgraded shares of NextEra Energy from a “hold” rating to a “sell” rating in a report on Monday, February 19th. Barclays started coverage on shares of NextEra Energy in a report on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 price objective for the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $74.00 price objective on shares of NextEra Energy in a report on Tuesday, January 30th. Guggenheim raised their price objective on shares of NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. Finally, BMO Capital Markets cut their price target on shares of NextEra Energy from $77.00 to $68.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. Two investment 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. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $71.36.

NextEra Energy Price Performance

Shares of NYSE NEE traded up $0.29 during mid-day trading on Friday, reaching $64.30. 13,419,416 shares of the company were exchanged, compared to its average volume of 10,694,062. NextEra Energy, Inc. has a 52 week low of $47.15 and a 52 week 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 stock has a market capitalization of $131.97 billion, a PE ratio of 17.81, a PEG ratio of 2.31 and a beta of 0.51. The company’s 50 day moving average price is $59.89 and its 200 day moving average price is $58.55.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data 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 company had revenue of $6.88 billion during the quarter, compared to the consensus estimate of $5.72 billion. During the same period in the previous year, the firm posted $0.51 EPS. Sell-side analysts forecast that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

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

NextEra Energy Company 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.