Quadrature Capital Ltd Reduces Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Quadrature Capital Ltd decreased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 67.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,281 shares of the utilities provider’s stock after selling 89,937 shares during the period. Quadrature Capital Ltd’s holdings in NextEra Energy were worth $2,829,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Clear Investment Research LLC boosted its position in NextEra Energy by 387.2% in the 4th quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock valued at $28,000 after buying an additional 364 shares during the period. BOK Financial Private Wealth Inc. bought a new stake in shares of NextEra Energy during the fourth quarter valued at approximately $29,000. American Capital Advisory LLC boosted its holdings in shares of NextEra Energy by 74.5% in the first quarter. American Capital Advisory LLC now owns 480 shares of the utilities provider’s stock valued at $31,000 after purchasing an additional 205 shares during the period. Stuart Chaussee & Associates Inc. grew 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 acquiring an additional 410 shares in the last quarter. Finally, Rakuten Securities Inc. purchased a new stake in NextEra Energy during the fourth quarter worth $34,000. 78.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Royal Bank of Canada boosted their target price on shares of NextEra Energy from $74.00 to $84.00 and gave the stock an “outperform” rating in a report on Wednesday, June 12th. Scotiabank lifted their price objective on shares of NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a research report on Monday, April 22nd. Barclays increased their target price on shares of NextEra Energy from $72.00 to $75.00 and gave the company an “equal weight” rating in a research report on Friday. Bank of America lifted their price target on shares of NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, April 23rd. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $95.00 price target on shares of NextEra Energy in a research report on Wednesday, June 12th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $78.00.

NextEra Energy Price Performance

NEE traded up $0.82 during trading on Friday, hitting $74.26. The company’s stock had a trading volume of 7,076,174 shares, compared to its average volume of 10,298,145. The company has a current ratio of 0.49, a quick ratio of 0.43 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $152.63 billion, a price-to-earnings ratio of 20.23, a P/E/G ratio of 2.55 and a beta of 0.54. The business’s fifty day simple moving average is $73.90 and its 200 day simple moving average is $66.08. NextEra Energy, Inc. has a twelve month low of $47.15 and a twelve month high of $80.47.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.96 EPS for the quarter, topping the consensus estimate of $0.93 by $0.03. The company had revenue of $6.07 billion during the quarter, compared to analyst estimates of $7.29 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. During the same quarter in the previous year, the firm earned $0.88 EPS. On average, equities research analysts forecast that NextEra Energy, Inc. will post 3.39 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Friday, August 30th will be issued a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend is Friday, August 30th. NextEra Energy’s payout ratio is 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.