Oliver Lagore Vanvalin Investment Group Sells 1,319 Shares of NextEra Energy, Inc. (NYSE:NEE)

Oliver Lagore Vanvalin Investment Group lessened its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 7.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 17,069 shares of the utilities provider’s stock after selling 1,319 shares during the period. Oliver Lagore Vanvalin Investment Group’s holdings in NextEra Energy were worth $1,037,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new position in NextEra Energy in the 4th quarter worth about $2,774,845,000. Moneta Group Investment Advisors LLC raised its position in NextEra Energy by 66,613.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 30,263,816 shares of the utilities provider’s stock worth $2,530,055,000 after buying an additional 30,218,452 shares during the last quarter. Mizuho Markets Americas LLC purchased a new position in NextEra Energy in the 3rd quarter worth about $141,817,000. Nordea Investment Management AB raised its position in NextEra Energy by 59.1% in the 3rd quarter. Nordea Investment Management AB now owns 5,784,080 shares of the utilities provider’s stock worth $337,096,000 after buying an additional 2,148,205 shares during the last quarter. Finally, International Assets Investment Management LLC raised its position in NextEra Energy by 7,999.6% in the 4th quarter. International Assets Investment Management LLC now owns 2,173,459 shares of the utilities provider’s stock worth $132,016,000 after buying an additional 2,146,625 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. StockNews.com lowered shares of NextEra Energy from a “hold” rating to a “sell” rating in a research report on Monday, February 19th. Barclays assumed coverage on shares of NextEra Energy in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 price target for the company. Guggenheim upped their price target on shares of 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 reduced their price target on shares of NextEra Energy from $77.00 to $68.00 and set an “outperform” rating for the company in a research report on Tuesday. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $74.00 price target on shares of NextEra Energy in a research report on Tuesday, January 30th. 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, NextEra Energy presently has a consensus rating of “Moderate Buy” and an average target price of $71.36.

NextEra Energy Trading Up 0.6 %

NEE stock traded up $0.38 during midday trading on Thursday, reaching $64.17. The company’s stock had a trading volume of 5,653,003 shares, compared to its average volume of 11,788,842. The firm has a market capitalization of $131.70 billion, a price-to-earnings ratio of 17.72, a PEG ratio of 2.22 and a beta of 0.51. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.47 and a current ratio of 0.55. NextEra Energy, Inc. has a 1 year low of $47.15 and a 1 year high of $79.78. The stock has a fifty day simple moving average of $59.58 and a two-hundred day simple moving average of $58.39.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Thursday, January 25th. The utilities provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.49 by $0.03. The firm had revenue of $6.88 billion for the quarter, compared to analyst estimates of $5.72 billion. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. During the same quarter last year, the firm posted $0.51 earnings per share. On average, equities research analysts predict that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were paid 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 3.21%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s dividend payout ratio (DPR) is currently 57.06%.

NextEra Energy Company 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.