NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Larson Financial Group LLC

Larson Financial Group LLC lowered its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 28.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 992 shares of the utilities provider’s stock after selling 402 shares during the period. Larson Financial Group LLC’s holdings in NextEra Energy were worth $60,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NEE. Mizuho Markets Americas LLC acquired a new position in NextEra Energy during the third quarter worth about $141,817,000. Nordea Investment Management AB raised its position in NextEra Energy by 59.1% during the third quarter. Nordea Investment Management AB now owns 5,784,080 shares of the utilities provider’s stock worth $337,096,000 after acquiring an additional 2,148,205 shares during the last quarter. International Assets Investment Management LLC raised its position in NextEra Energy by 7,999.6% during the fourth 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 last quarter. Vanguard Group Inc. raised its position in shares of NextEra Energy by 1.0% in the third quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock valued at $11,368,065,000 after buying an additional 1,956,153 shares during the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of NextEra Energy in the fourth quarter valued at approximately $94,883,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of NextEra Energy from $77.00 to $79.00 and gave the company an “overweight” rating in a research report on Monday. Mizuho boosted their price objective on shares of NextEra Energy from $67.00 to $71.00 and gave the company a “buy” rating in a research report on Wednesday. Wells Fargo & Company boosted their price objective on shares of NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, March 19th. BMO Capital Markets boosted their price objective on shares of NextEra Energy from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Barclays assumed coverage on shares of NextEra Energy in a research report on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $71.50.

NextEra Energy Price Performance

NEE opened at $66.90 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.51 and a debt-to-equity ratio of 1.12. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $78.53. The company has a 50 day moving average of $60.67 and a two-hundred day moving average of $58.94. The company has a market cap of $137.45 billion, a P/E ratio of 18.23, a P/E/G ratio of 2.45 and a beta of 0.51.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.11. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The company had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $6.28 billion. During the same period in the previous year, the firm earned $0.84 earnings per share. NextEra Energy’s revenue for the quarter was down 14.7% on a year-over-year basis. On average, analysts expect that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.08%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Monday, February 26th. NextEra Energy’s dividend payout ratio is 56.13%.

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.