NextEra Energy, Inc. (NYSE:NEE) Holdings Cut by EP Wealth Advisors LLC

EP Wealth Advisors LLC cut its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,038,282 shares of the utilities provider’s stock after selling 18,723 shares during the quarter. EP Wealth Advisors LLC owned approximately 0.05% of NextEra Energy worth $74,434,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. CWA Asset Management Group LLC boosted its position in shares of NextEra Energy by 24.0% during the fourth quarter. CWA Asset Management Group LLC now owns 21,245 shares of the utilities provider’s stock worth $1,523,000 after buying an additional 4,110 shares during the period. Bangor Savings Bank raised its position in shares of NextEra Energy by 2.1% during the 4th quarter. Bangor Savings Bank now owns 9,130 shares of the utilities provider’s stock worth $655,000 after buying an additional 187 shares in the last quarter. Diversified Trust Co lifted its stake in shares of NextEra Energy by 5.4% in the 4th quarter. Diversified Trust Co now owns 32,454 shares of the utilities provider’s stock worth $2,327,000 after acquiring an additional 1,652 shares during the period. Bath Savings Trust Co boosted its holdings in shares of NextEra Energy by 1.0% in the fourth quarter. Bath Savings Trust Co now owns 270,660 shares of the utilities provider’s stock valued at $19,404,000 after acquiring an additional 2,549 shares in the last quarter. Finally, Norway Savings Bank increased its stake in shares of NextEra Energy by 5.3% during the fourth quarter. Norway Savings Bank now owns 23,041 shares of the utilities provider’s stock valued at $1,652,000 after acquiring an additional 1,162 shares during the period. 78.72% of the stock is owned by institutional investors.

NextEra Energy Stock Performance

Shares of NEE opened at $66.57 on Wednesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $86.10. The company’s fifty day moving average price is $68.86 and its 200 day moving average price is $71.87. The company has a market capitalization of $137.03 billion, a PE ratio of 19.75, a price-to-earnings-growth ratio of 2.45 and a beta of 0.69.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.99. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. The company had revenue of $6.25 billion for the quarter, compared to analyst estimates of $6.58 billion. During the same period last year, the business posted $0.91 EPS. The business’s quarterly revenue was up 9.0% on a year-over-year basis. As a group, analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were issued a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a yield of 3.40%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date was Friday, February 28th. NextEra Energy’s dividend payout ratio (DPR) is currently 84.64%.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the business’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total value of $162,258.47. Following the completion of the transaction, the chief accounting officer now directly owns 27,427 shares of the company’s stock, valued at approximately $1,867,504.43. The trade was a 7.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Evercore ISI lowered their price target on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research report on Monday, January 27th. Erste Group Bank raised NextEra Energy to a “strong-buy” rating in a report on Wednesday, April 16th. Guggenheim reissued a “buy” rating and issued a $89.00 price target on shares of NextEra Energy in a report on Thursday, March 20th. Barclays lowered their price objective on shares of NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 29th. Finally, Wells Fargo & Company cut their target price on shares of NextEra Energy from $102.00 to $97.00 and set an “overweight” rating for the company in a research note on Thursday, April 24th. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, NextEra Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $83.46.

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.