Wedgewood Investors Inc. PA Sells 400 Shares of NextEra Energy, Inc. (NYSE:NEE)

Wedgewood Investors Inc. PA decreased its position in NextEra Energy, Inc. (NYSE:NEE) by 6.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,262 shares of the utilities provider’s stock after selling 400 shares during the quarter. Wedgewood Investors Inc. PA’s holdings in NextEra Energy were worth $380,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Brookstone Capital Management lifted its holdings in shares of NextEra Energy by 155.3% in the 3rd quarter. Brookstone Capital Management now owns 57,688 shares of the utilities provider’s stock worth $3,022,000 after buying an additional 35,088 shares during the period. Vicus Capital lifted its holdings in shares of NextEra Energy by 47.0% in the 3rd quarter. Vicus Capital now owns 7,392 shares of the utilities provider’s stock worth $423,000 after buying an additional 2,365 shares during the period. Pinnacle Associates Ltd. raised its position in shares of NextEra Energy by 1.5% in the 3rd quarter. Pinnacle Associates Ltd. now owns 216,328 shares of the utilities provider’s stock worth $12,393,000 after acquiring an additional 3,207 shares in the last quarter. Clear Creek Financial Management LLC raised its position in shares of NextEra Energy by 46.4% in the 3rd quarter. Clear Creek Financial Management LLC now owns 10,054 shares of the utilities provider’s stock worth $576,000 after acquiring an additional 3,186 shares in the last quarter. Finally, Sigma Investment Counselors Inc. raised its position in shares of NextEra Energy by 28.5% in the 3rd quarter. Sigma Investment Counselors Inc. now owns 4,255 shares of the utilities provider’s stock worth $244,000 after acquiring an additional 944 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Barclays initiated coverage on NextEra Energy in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 price target on the stock. Bank of America raised their target price on NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday, April 23rd. BMO Capital Markets raised their target price on NextEra Energy from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, April 25th. Morgan Stanley raised their target price on NextEra Energy from $77.00 to $79.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. Finally, StockNews.com raised NextEra Energy from a “sell” rating to a “hold” rating in a report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.50.

NextEra Energy Stock Up 1.3 %

NYSE:NEE traded up $0.85 during mid-day trading on Wednesday, hitting $67.82. The company had a trading volume of 2,386,581 shares, compared to its average volume of 11,748,121. The business has a fifty day simple moving average of $61.26 and a 200-day simple moving average of $59.34. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $139.34 billion, a price-to-earnings ratio of 18.25, a PEG ratio of 2.48 and a beta of 0.51. NextEra Energy, Inc. has a 1 year low of $47.15 and a 1 year high of $78.53.

NextEra Energy (NYSE:NEE) last announced its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.11. The company had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $6.28 billion. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The company’s revenue was down 14.7% on a year-over-year basis. During the same period last year, the firm earned $0.84 earnings per share. Equities analysts forecast that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders 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 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend was Monday, February 26th. NextEra Energy’s payout ratio is presently 56.13%.

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.