SRS Capital Advisors Inc. Reduces Holdings in NextEra Energy, Inc. (NYSE:NEE)

SRS Capital Advisors Inc. decreased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 15.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,291 shares of the utilities provider’s stock after selling 591 shares during the quarter. SRS Capital Advisors Inc.’s holdings in NextEra Energy were worth $200,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Los Angeles Capital Management LLC grew its holdings in shares of NextEra Energy by 703.1% during the fourth quarter. Los Angeles Capital Management LLC now owns 299,731 shares of the utilities provider’s stock worth $18,206,000 after purchasing an additional 262,407 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of NextEra Energy by 5.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 2,963,849 shares of the utilities provider’s stock worth $180,024,000 after purchasing an additional 154,992 shares during the last quarter. West Family Investments Inc. purchased a new position in shares of NextEra Energy during the fourth quarter worth about $393,000. Mechanics Financial Corp grew its holdings in shares of NextEra Energy by 2.0% during the fourth quarter. Mechanics Financial Corp now owns 18,241 shares of the utilities provider’s stock worth $1,108,000 after purchasing an additional 350 shares during the last quarter. Finally, LGT Fund Management Co Ltd. grew its holdings in shares of NextEra Energy by 91.8% during the fourth quarter. LGT Fund Management Co Ltd. now owns 18,384 shares of the utilities provider’s stock worth $1,122,000 after buying an additional 8,800 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on NEE shares. Mizuho raised their price target on NextEra Energy from $67.00 to $71.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. StockNews.com raised NextEra Energy from a “sell” rating to a “hold” rating in a report on Thursday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $74.00 price objective on shares of NextEra Energy in a report on Tuesday, January 30th. Barclays began coverage on NextEra Energy in a report on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 price objective on the stock. Finally, BMO Capital Markets lifted their price objective on NextEra Energy from $70.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $71.50.

NextEra Energy Price Performance

Shares of NEE stock traded up $1.29 during midday trading on Friday, reaching $70.14. 12,687,503 shares of the company traded hands, compared to its average volume of 11,442,457. The firm’s 50 day simple moving average is $61.74 and its two-hundred day simple moving average is $59.47. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $78.53. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.43. The firm has a market cap of $144.10 billion, a PE ratio of 19.11, a price-to-earnings-growth ratio of 2.53 and a beta of 0.50.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating 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 period last year, the firm earned $0.84 EPS. The company’s revenue for the quarter was down 14.7% on a year-over-year basis. On average, equities research analysts expect that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were given a dividend of $0.515 per share. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 annualized dividend and a dividend yield of 2.94%. The ex-dividend date of this dividend was Monday, February 26th. NextEra Energy’s payout ratio is currently 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.