Terra Nova Asset Management LLC Reduces Position in NextEra Energy, Inc. (NYSE:NEE)

Terra Nova Asset Management LLC decreased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 39.2% in the fourth quarter, HoldingsChannel reports. The fund owned 20,657 shares of the utilities provider’s stock after selling 13,344 shares during the quarter. Terra Nova Asset Management LLC’s holdings in NextEra Energy were worth $1,255,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wimmer Associates 1 LLC boosted its stake 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 worth $305,000 after purchasing an additional 135 shares during the period. Kolinsky Wealth Management LLC raised its position in shares of NextEra Energy by 2.1% in the 1st quarter. Kolinsky Wealth Management LLC now owns 6,669 shares of the utilities provider’s stock worth $514,000 after acquiring an additional 139 shares in the last quarter. Baldwin Investment Management LLC lifted its position in shares of NextEra Energy by 0.4% during the first 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 during the last quarter. Greenfield Savings Bank lifted its position in NextEra Energy by 0.5% during the fourth quarter. Greenfield Savings Bank now owns 32,220 shares of the utilities provider’s stock valued at $1,957,000 after acquiring an additional 163 shares during the last quarter. Finally, Barnes Pettey Financial Advisors LLC increased its position in shares of NextEra Energy by 1.7% during the fourth quarter. Barnes Pettey Financial Advisors LLC now owns 10,181 shares of the utilities provider’s stock worth $851,000 after purchasing an additional 169 shares in the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Trading Up 0.2 %

Shares of NEE stock opened at $63.91 on Friday. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $79.78. The company has a market cap of $131.17 billion, a price-to-earnings ratio of 17.70, a PEG ratio of 2.27 and a beta of 0.50. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.55 and a quick ratio of 0.47. The stock has a 50 day simple moving average of $57.83 and a 200-day simple moving average of $58.62.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Thursday, January 25th. The utilities provider reported $0.52 earnings per share 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 analysts’ expectations of $5.72 billion. During the same period in the prior year, the business posted $0.51 earnings per share. On average, equities research analysts expect that NextEra Energy, Inc. will post 3.44 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were paid a dividend of $0.515 per share. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend was Monday, February 26th. NextEra Energy’s payout ratio is 57.06%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Royal Bank of Canada restated an “outperform” rating and set a $74.00 price objective on shares of NextEra Energy in a report on Tuesday, January 30th. BMO Capital Markets boosted their price target on NextEra Energy from $76.00 to $77.00 and gave the company an “outperform” rating in a research note on Monday, March 18th. Mizuho restated a “buy” rating and issued a $67.00 price objective (up from $65.00) on shares of NextEra Energy in a research note on Friday, March 15th. StockNews.com lowered NextEra Energy from a “hold” rating to a “sell” rating in a research report on Monday, February 19th. Finally, Citigroup began coverage on shares of NextEra Energy in a research report on Friday, December 8th. They set a “buy” rating and a $69.00 price target for the company. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $72.46.

NextEra Energy 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.