Wedgewood Investors Inc. PA Sells 400 Shares of NextEra Energy, Inc. (NYSE:NEE)

Wedgewood Investors Inc. PA trimmed its stake in NextEra Energy, Inc. (NYSE:NEE) by 6.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,262 shares of the utilities provider’s stock after selling 400 shares during the period. Wedgewood Investors Inc. PA’s holdings in NextEra Energy were worth $380,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. BOK Financial Private Wealth Inc. bought a new position in NextEra Energy during the fourth quarter valued at approximately $29,000. Alaska Permanent Fund Corp grew its position in NextEra Energy by 59.8% during the third quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 208 shares during the last quarter. Stuart Chaussee & Associates Inc. grew its position in NextEra Energy by 315.4% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 410 shares during the last quarter. Valued Wealth Advisors LLC bought a new position in NextEra Energy during the fourth quarter valued at approximately $34,000. Finally, Rakuten Securities Inc. bought a new position in NextEra Energy during the fourth quarter valued at approximately $34,000. 78.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NEE. Scotiabank increased their price objective on NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a research note on Monday, April 22nd. Guggenheim raised their price objective on NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. BMO Capital Markets raised their price objective on NextEra Energy from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. Morgan Stanley raised their price objective on NextEra Energy from $77.00 to $79.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. Finally, Bank of America raised their price target on NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday, April 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $71.50.

NextEra Energy Price Performance

NYSE:NEE traded up $0.85 during trading hours on Wednesday, reaching $67.82. The stock had a trading volume of 2,386,581 shares, compared to its average volume of 11,748,121. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.43 and a current ratio of 0.51. 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 price of $61.26 and a two-hundred day moving average price of $59.34. The stock has a market capitalization of $139.34 billion, a PE ratio of 18.25, a PEG ratio of 2.48 and a beta of 0.51.

NextEra Energy (NYSE:NEE) last released its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.11. The firm had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $6.28 billion. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The company’s revenue for the quarter was down 14.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.84 EPS. As a group, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were given a dividend of $0.515 per share. The ex-dividend date was Monday, February 26th. This represents a $2.06 annualized dividend and a dividend yield of 3.04%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s payout ratio is currently 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.