Alpha Omega Wealth Management LLC Trims Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Alpha Omega Wealth Management LLC lowered its holdings in NextEra Energy, Inc. (NYSE:NEE) by 4.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,267 shares of the utilities provider’s stock after selling 300 shares during the period. Alpha Omega Wealth Management LLC’s holdings in NextEra Energy were worth $441,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NEE. BOK Financial Private Wealth Inc. bought a new position in NextEra Energy during the 4th quarter worth approximately $29,000. Alaska Permanent Fund Corp raised its position in shares of 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 purchasing an additional 208 shares during the period. Coppell Advisory Solutions LLC acquired a new stake in shares of NextEra Energy during the 2nd quarter worth approximately $32,000. Valued Wealth Advisors LLC acquired a new stake in shares of NextEra Energy during the 4th quarter worth approximately $34,000. Finally, Rakuten Securities Inc. acquired a new stake in shares of NextEra Energy during the 4th quarter worth approximately $34,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $63.79 on Thursday. The company has a current ratio of 0.55, a quick ratio of 0.47 and a debt-to-equity ratio of 1.06. NextEra Energy, Inc. has a 1 year low of $47.15 and a 1 year high of $79.78. The business has a fifty day simple moving average of $59.58 and a 200 day simple moving average of $58.39. The firm has a market cap of $130.92 billion, a price-to-earnings ratio of 17.67, a P/E/G ratio of 2.22 and a beta of 0.51.

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. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. The business had revenue of $6.88 billion during the quarter, compared to analyst estimates of $5.72 billion. During the same period last year, the company earned $0.51 earnings per share. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 3.23%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date was Monday, February 26th. NextEra Energy’s dividend payout ratio (DPR) is currently 57.06%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on NEE. Royal Bank of Canada reiterated an “outperform” rating and set a $74.00 price target on shares of NextEra Energy in a research report on Tuesday, January 30th. Guggenheim increased their price target on NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, January 22nd. 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 report on Tuesday, March 19th. StockNews.com cut NextEra Energy from a “hold” rating to a “sell” rating in a research report on Monday, February 19th. Finally, Mizuho restated a “buy” rating and issued a $67.00 target price (up from $65.00) on shares of NextEra Energy in a research report on Friday, March 15th. Two equities 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 MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $71.36.

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.