NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Quantum Private Wealth LLC

Quantum Private Wealth LLC trimmed its holdings in NextEra Energy, Inc. (NYSE:NEE) by 4.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 13,158 shares of the utilities provider’s stock after selling 571 shares during the period. Quantum Private Wealth LLC’s holdings in NextEra Energy were worth $799,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. BOK Financial Private Wealth Inc. acquired a new stake in shares of NextEra Energy during the 4th quarter valued at approximately $29,000. Alaska Permanent Fund Corp grew its stake in NextEra Energy by 59.8% during the 3rd quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock worth $32,000 after buying an additional 208 shares during the last quarter. Coppell Advisory Solutions LLC bought a new position in NextEra Energy during the 2nd quarter worth $32,000. Valued Wealth Advisors LLC bought a new position in shares of NextEra Energy in the fourth quarter worth $34,000. Finally, HBC Financial Services PLLC bought a new position in shares of NextEra Energy in the fourth quarter worth $36,000. 78.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on NEE. BMO Capital Markets decreased their price target on NextEra Energy from $77.00 to $68.00 and set an “outperform” rating for the company in a research note on Tuesday. Guggenheim increased their price target on NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, January 22nd. Barclays began coverage on NextEra Energy in a research note on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 price target for the company. StockNews.com cut NextEra Energy from a “hold” rating to a “sell” rating in a research note on Monday, February 19th. Finally, Wells Fargo & Company raised their target price on NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $71.36.

NextEra Energy Trading Down 1.7 %

Shares of NYSE NEE traded down $1.05 during mid-day trading on Wednesday, hitting $61.70. 11,594,124 shares of the company traded hands, compared to its average volume of 11,029,350. 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 price-to-earnings ratio of 17.09, a PEG ratio of 2.26 and a beta of 0.51. The company has a quick ratio of 0.47, a current ratio of 0.55 and a debt-to-equity ratio of 1.06. The business has a 50 day moving average of $59.43 and a two-hundred day moving average of $58.35.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Thursday, January 25th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.03. The firm had revenue of $6.88 billion during the quarter, compared to the consensus estimate of $5.72 billion. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. During the same period in the prior year, the business earned $0.51 EPS. On average, 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were paid a $0.515 dividend. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 annualized dividend and a yield of 3.34%. The ex-dividend date was Monday, February 26th. NextEra Energy’s dividend payout ratio is currently 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.