Heartwood Wealth Advisors LLC Sells 960 Shares of NextEra Energy, Inc. (NYSE:NEE)

Heartwood Wealth Advisors LLC lowered its holdings in NextEra Energy, Inc. (NYSE:NEE) by 12.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,023 shares of the utilities provider’s stock after selling 960 shares during the quarter. Heartwood Wealth Advisors LLC’s holdings in NextEra Energy were worth $427,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of NEE. Country Trust Bank raised its stake in shares of NextEra Energy by 975.6% during the 3rd quarter. Country Trust Bank now owns 441 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 400 shares in the last quarter. Alaska Permanent Fund Corp raised its stake in shares of 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 acquiring an additional 208 shares in the last quarter. Coppell Advisory Solutions LLC bought a new position in shares of NextEra Energy during the 2nd quarter worth approximately $32,000. Valued Wealth Advisors LLC bought a new position in shares of NextEra Energy during the 4th quarter worth approximately $34,000. Finally, West Tower Group LLC bought a new position in shares of NextEra Energy during the 2nd quarter worth approximately $36,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

Shares of NYSE NEE opened at $61.43 on Wednesday. The company’s fifty day moving average price is $57.70 and its 200 day moving average price is $58.62. NextEra Energy, Inc. has a 1 year low of $47.15 and a 1 year high of $79.78. The company has a market capitalization of $126.08 billion, a PE ratio of 17.02, a price-to-earnings-growth ratio of 2.22 and a beta of 0.50. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.47 and a current ratio of 0.55.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Thursday, January 25th. The utilities provider reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $6.88 billion during the quarter, compared to analysts’ expectations of $5.72 billion. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. During the same period in the prior year, the business posted $0.51 earnings per share. On average, research analysts predict that NextEra Energy, Inc. will post 3.44 earnings per share for the current year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were given a dividend of $0.515 per share. The ex-dividend date of this dividend was Monday, February 26th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 dividend on an annualized basis and a yield of 3.35%. NextEra Energy’s dividend payout ratio is currently 57.06%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Wells Fargo & Company upped their price target on shares of NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. Citigroup assumed coverage on shares of NextEra Energy in a research note on Friday, December 8th. They set a “buy” rating and a $69.00 price target on the stock. Guggenheim upped their price target on shares of NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, January 22nd. Royal Bank of Canada restated an “outperform” rating and set a $74.00 price target on shares of NextEra Energy in a research note on Tuesday, January 30th. Finally, StockNews.com lowered shares of NextEra Energy from a “hold” rating to a “sell” rating in a research note on Monday, February 19th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.46.

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.