Choreo LLC Has $1.99 Million Position in NextEra Energy, Inc. (NYSE:NEE)

Choreo LLC cut its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,837 shares of the utilities provider’s stock after selling 1,660 shares during the period. Choreo LLC’s holdings in NextEra Energy were worth $1,994,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of NEE. Mizuho Markets Americas LLC acquired a new position in shares of NextEra Energy during the 3rd quarter worth about $141,817,000. Nordea Investment Management AB increased its stake in shares of NextEra Energy by 59.1% during the 3rd quarter. Nordea Investment Management AB now owns 5,784,080 shares of the utilities provider’s stock worth $337,096,000 after purchasing an additional 2,148,205 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of NextEra Energy by 7,999.6% during 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 purchasing an additional 2,146,625 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of NextEra Energy by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock worth $11,368,065,000 after purchasing an additional 1,956,153 shares during the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of NextEra Energy during the 4th quarter worth about $94,883,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Performance

NYSE NEE opened at $67.42 on Tuesday. The company has a quick ratio of 0.43, a current ratio of 0.51 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $138.52 billion, a P/E ratio of 18.37, a P/E/G ratio of 2.43 and a beta of 0.51. NextEra Energy, Inc. has a 12-month low of $47.15 and a 12-month high of $78.53. The firm has a 50-day moving average price of $61.05 and a two-hundred day moving average price of $59.25.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The company had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter in the prior year, the firm posted $0.84 EPS. The firm’s quarterly revenue was down 14.7% on a year-over-year basis. Analysts anticipate that NextEra Energy, Inc. will post 3.4 earnings per share 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 issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.06%. 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 is 56.13%.

Analysts Set New Price Targets

Several research firms have recently weighed in on NEE. Morgan Stanley boosted their price objective on shares of NextEra Energy from $77.00 to $79.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. StockNews.com raised shares of NextEra Energy from a “sell” rating to a “hold” rating in a report on Monday, April 22nd. BMO Capital Markets lifted their target price on shares of NextEra Energy from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, April 25th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $74.00 target price on shares of NextEra Energy in a report on Tuesday, January 30th. Finally, Wells Fargo & Company lifted their target price on shares of NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, March 19th. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $71.50.

About NextEra Energy

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.