Onyx Bridge Wealth Group LLC Sells 293 Shares of NextEra Energy, Inc. (NYSE:NEE)

Onyx Bridge Wealth Group LLC reduced its stake in NextEra Energy, Inc. (NYSE:NEE) by 5.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,111 shares of the utilities provider’s stock after selling 293 shares during the period. Onyx Bridge Wealth Group LLC’s holdings in NextEra Energy were worth $310,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Avitas Wealth Management LLC grew its stake in shares of NextEra Energy by 2.9% in the 4th quarter. Avitas Wealth Management LLC now owns 37,843 shares of the utilities provider’s stock valued at $2,299,000 after purchasing an additional 1,057 shares during the period. Stiles Financial Services Inc boosted its holdings in shares of NextEra Energy by 9.0% in the 4th quarter. Stiles Financial Services Inc now owns 35,180 shares of the utilities provider’s stock worth $2,137,000 after acquiring an additional 2,899 shares in the last quarter. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of NextEra Energy by 1.7% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 383,932 shares of the utilities provider’s stock worth $21,995,000 after acquiring an additional 6,325 shares in the last quarter. Asio Capital LLC acquired a new position in shares of NextEra Energy in the 4th quarter worth approximately $2,701,000. Finally, Robertson Stephens Wealth Management LLC boosted its holdings in shares of NextEra Energy by 7.3% in the 3rd quarter. Robertson Stephens Wealth Management LLC now owns 17,714 shares of the utilities provider’s stock worth $1,015,000 after acquiring an additional 1,211 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Trading Up 0.5 %

Shares of NEE traded up $0.29 during trading hours on Friday, reaching $64.30. The stock had a trading volume of 13,419,416 shares, compared to its average volume of 10,694,062. The company has a quick ratio of 0.47, a current ratio of 0.55 and a debt-to-equity ratio of 1.06. NextEra Energy, Inc. has a 52 week low of $47.15 and a 52 week high of $79.78. The firm has a 50-day moving average of $59.89 and a 200 day moving average of $58.51. The company has a market cap of $131.97 billion, a P/E ratio of 17.81, a P/E/G ratio of 2.30 and a beta of 0.51.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Thursday, January 25th. The utilities provider reported $0.52 EPS for the quarter, beating 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 business had revenue of $6.88 billion during the quarter, compared to analysts’ expectations of $5.72 billion. During the same quarter in the prior year, the company earned $0.51 EPS. On average, sell-side analysts expect 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 given a $0.515 dividend. The ex-dividend date was Monday, February 26th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.20%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s dividend payout ratio is currently 57.06%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Mizuho reissued a “buy” rating and issued a $67.00 target price (up from $65.00) on shares of NextEra Energy in a report on Friday, March 15th. Wells Fargo & Company boosted their target price on NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, March 19th. Royal Bank of Canada reissued an “outperform” rating and issued a $74.00 target price on shares of NextEra Energy in a report on Tuesday, January 30th. StockNews.com downgraded NextEra Energy from a “hold” rating to a “sell” rating in a report on Monday, February 19th. Finally, BMO Capital Markets reduced their price objective on NextEra Energy from $77.00 to $68.00 and set an “outperform” rating on the stock in a report on Tuesday. Two research analysts have rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $71.36.

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.