Wealthcare Advisory Partners LLC Has $1.13 Million Stake in NextEra Energy, Inc. (NYSE:NEE)

Wealthcare Advisory Partners LLC reduced its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 18,672 shares of the utilities provider’s stock after selling 459 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in NextEra Energy were worth $1,134,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of NEE. BOK Financial Private Wealth Inc. bought a new stake in shares of NextEra Energy in the fourth quarter worth about $29,000. Alaska Permanent Fund Corp increased its stake in NextEra Energy by 59.8% during the 3rd quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 208 shares in the last quarter. Stuart Chaussee & Associates Inc. raised its holdings in NextEra Energy by 315.4% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock worth $33,000 after buying an additional 410 shares during the period. Valued Wealth Advisors LLC bought a new position in NextEra Energy in the fourth quarter valued at approximately $34,000. Finally, Rakuten Securities Inc. acquired a new position in shares of NextEra Energy in the fourth quarter valued at approximately $34,000. 78.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on NEE. Mizuho upped their target price on shares of NextEra Energy from $67.00 to $71.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. Scotiabank increased their price objective on NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a report on Monday, April 22nd. BMO Capital Markets boosted their target price on NextEra Energy from $72.00 to $78.00 and gave the company an “outperform” rating in a research note on Tuesday. Barclays assumed coverage on shares of 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, Wells Fargo & Company increased 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 issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $71.93.

NextEra Energy Trading Down 0.6 %

Shares of NEE stock opened at $71.53 on Wednesday. NextEra Energy, Inc. has a 1 year low of $47.15 and a 1 year high of $78.53. The stock has a 50 day simple moving average of $62.65 and a 200 day simple moving average of $59.94. 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 stock has a market cap of $146.96 billion, a P/E ratio of 19.60, a price-to-earnings-growth ratio of 2.58 and a beta of 0.50.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. The business 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%. NextEra Energy’s quarterly revenue was down 14.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.84 earnings per share. On average, research analysts predict that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend was Monday, February 26th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s dividend payout ratio (DPR) is currently 56.13%.

NextEra Energy 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.