Argonautica Private Wealth Management Inc. Trims Holdings in NextEra Energy, Inc. (NYSE:NEE)

Argonautica Private Wealth Management Inc. decreased its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,828 shares of the utilities provider’s stock after selling 680 shares during the quarter. Argonautica Private Wealth Management Inc.’s holdings in NextEra Energy were worth $1,447,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in NEE. Strategic Blueprint LLC lifted its position in NextEra Energy by 11.7% during the third quarter. Strategic Blueprint LLC now owns 12,504 shares of the utilities provider’s stock worth $716,000 after buying an additional 1,308 shares in the last quarter. Caprock Group LLC increased its stake in NextEra Energy by 17.3% during the third quarter. Caprock Group LLC now owns 18,447 shares of the utilities provider’s stock worth $1,057,000 after acquiring an additional 2,714 shares during the last quarter. Capital Asset Advisory Services LLC increased its stake in NextEra Energy by 35.1% during the third quarter. Capital Asset Advisory Services LLC now owns 16,366 shares of the utilities provider’s stock worth $876,000 after acquiring an additional 4,256 shares during the last quarter. DDD Partners LLC increased its stake in NextEra Energy by 16.0% during the third quarter. DDD Partners LLC now owns 260,706 shares of the utilities provider’s stock worth $13,817,000 after acquiring an additional 35,931 shares during the last quarter. Finally, Hennessy Advisors Inc. increased its stake in NextEra Energy by 163.5% during the third quarter. Hennessy Advisors Inc. now owns 12,570 shares of the utilities provider’s stock worth $720,000 after acquiring an additional 7,800 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on NEE shares. Scotiabank raised their target price on NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a research note on Monday, April 22nd. BMO Capital Markets raised their target price on NextEra Energy from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday. Bank of America raised their target price on NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a research note on Tuesday. Mizuho lifted their price objective on NextEra Energy from $67.00 to $71.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Wells Fargo & Company lifted their price objective on NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.50.

NextEra Energy Stock Down 1.4 %

NEE traded down $0.91 on Friday, hitting $65.99. 9,982,762 shares of the company were exchanged, compared to its average volume of 10,921,297. NextEra Energy, Inc. has a twelve month low of $47.15 and a twelve month high of $78.53. The company has a market cap of $135.58 billion, a price-to-earnings ratio of 17.99, a price-to-earnings-growth ratio of 2.46 and a beta of 0.51. The company has a current ratio of 0.51, a quick ratio of 0.47 and a debt-to-equity ratio of 1.12. The firm has a 50-day moving average price of $60.85 and a two-hundred day moving average price of $59.06.

NextEra Energy (NYSE:NEE) last released its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, topping the consensus estimate of $0.80 by $0.11. The firm had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $6.28 billion. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. NextEra Energy’s revenue for the quarter was down 14.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.84 EPS. On average, equities analysts predict that NextEra Energy, Inc. will post 3.4 earnings per share for the current 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 issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 3.12%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Monday, February 26th. NextEra Energy’s payout ratio is 56.13%.

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.