Cornell Pochily Investment Advisors Inc. Has $533,000 Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Cornell Pochily Investment Advisors Inc. decreased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 8,781 shares of the utilities provider’s stock after selling 337 shares during the quarter. Cornell Pochily Investment Advisors Inc.’s holdings in NextEra Energy were worth $533,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of NEE. United Bank lifted its stake in shares of NextEra Energy by 9.8% in the 1st quarter. United Bank now owns 9,966 shares of the utilities provider’s stock valued at $844,000 after purchasing an additional 891 shares during the period. LSV Asset Management lifted its stake in shares of NextEra Energy by 9.2% in the 1st quarter. LSV Asset Management now owns 32,180 shares of the utilities provider’s stock valued at $2,726,000 after purchasing an additional 2,700 shares during the period. Brown Brothers Harriman & Co. lifted its stake in shares of NextEra Energy by 11.2% in the 1st quarter. Brown Brothers Harriman & Co. now owns 15,731 shares of the utilities provider’s stock valued at $1,333,000 after purchasing an additional 1,587 shares during the period. Covestor Ltd lifted its stake in shares of NextEra Energy by 59.1% in the 1st quarter. Covestor Ltd now owns 878 shares of the utilities provider’s stock valued at $74,000 after purchasing an additional 326 shares during the period. Finally, Ergoteles LLC acquired a new position in shares of NextEra Energy in the 1st quarter valued at $793,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Trading Up 0.2 %

NYSE NEE traded up $0.12 on Thursday, reaching $63.91. The company had a trading volume of 2,487,989 shares, compared to its average volume of 11,900,659. The firm has a market cap of $131.17 billion, a price-to-earnings ratio of 17.61, a P/E/G ratio of 2.18 and a beta of 0.50. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $79.78. The business has a 50 day moving average of $57.72 and a two-hundred day moving average of $58.58. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.55 and a quick ratio of 0.47.

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, beating analysts’ consensus estimates of $0.49 by $0.03. The business had revenue of $6.88 billion during the quarter, compared to the consensus estimate of $5.72 billion. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. During the same period in the prior year, the business posted $0.51 earnings per share. Analysts forecast that NextEra Energy, Inc. will post 3.44 EPS for the current year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date was Monday, February 26th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s dividend payout ratio is 57.06%.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Guggenheim upped their price objective on shares of NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. BMO Capital Markets upped their price objective on shares of NextEra Energy from $76.00 to $77.00 and gave the company an “outperform” rating in a research report on Monday, March 18th. JPMorgan Chase & Co. increased their target price on NextEra Energy from $65.00 to $67.00 and gave the stock an “overweight” rating in a report on Wednesday, November 29th. Wells Fargo & Company increased their target price on NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, March 19th. Finally, Mizuho reiterated a “buy” rating and set a $67.00 target price (up previously from $65.00) on shares of NextEra Energy in a report on Friday, March 15th. Two analysts have rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, NextEra Energy currently has an average rating of “Moderate Buy” and a consensus price target of $72.46.

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.