Duncker Streett & Co. Inc. Cuts Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Duncker Streett & Co. Inc. decreased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 16.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,691 shares of the utilities provider’s stock after selling 1,900 shares during the quarter. Duncker Streett & Co. Inc.’s holdings in NextEra Energy were worth $589,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of NEE. Avitas Wealth Management LLC boosted its stake in NextEra Energy by 2.9% in the fourth quarter. Avitas Wealth Management LLC now owns 37,843 shares of the utilities provider’s stock worth $2,299,000 after buying an additional 1,057 shares in the last quarter. Stiles Financial Services Inc boosted its stake in NextEra Energy by 9.0% in the fourth quarter. Stiles Financial Services Inc now owns 35,180 shares of the utilities provider’s stock worth $2,137,000 after buying an additional 2,899 shares in the last quarter. Skandinaviska Enskilda Banken AB publ boosted its stake in NextEra Energy by 1.7% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 383,932 shares of the utilities provider’s stock worth $21,995,000 after buying an additional 6,325 shares in the last quarter. Asio Capital LLC purchased a new stake in NextEra Energy in the fourth quarter worth approximately $2,701,000. Finally, Robertson Stephens Wealth Management LLC boosted its stake in NextEra Energy by 7.3% in the third quarter. Robertson Stephens Wealth Management LLC now owns 17,714 shares of the utilities provider’s stock worth $1,015,000 after buying an additional 1,211 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

NEE has been the subject of several research reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $74.00 target price on shares of NextEra Energy in a research note on Tuesday, January 30th. BMO Capital Markets decreased their target price on NextEra Energy from $77.00 to $68.00 and set an “outperform” rating for the company in a report on Tuesday. Guggenheim increased their price objective on NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. Wells Fargo & Company increased their target price on NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 19th. Finally, Barclays started coverage on NextEra Energy in a research note on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 target price on the stock. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have given 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 target price of $71.36.

NextEra Energy Stock Performance

Shares of NextEra Energy stock traded down $1.05 during trading on Wednesday, hitting $61.70. 11,594,124 shares of the company’s stock traded hands, compared to its average volume of 11,029,350. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.55 and a quick ratio of 0.47. NextEra Energy, Inc. has a 1 year low of $47.15 and a 1 year high of $79.78. The stock has a market capitalization of $126.63 billion, a P/E ratio of 17.09, a PEG ratio of 2.26 and a beta of 0.51. The business has a 50-day simple moving average of $59.43 and a 200-day simple moving average of $58.35.

NextEra Energy (NYSE:NEE) last posted its earnings results on Thursday, January 25th. The utilities provider reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. The company had revenue of $6.88 billion for the quarter, compared to the consensus estimate of $5.72 billion. During the same quarter in the prior year, the company earned $0.51 earnings per share. As a group, analysts forecast that NextEra Energy, Inc. will post 3.4 EPS for the current 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 paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 3.34%. The ex-dividend date was Monday, February 26th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s dividend payout ratio (DPR) is 57.06%.

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.