Bridges Investment Management Inc. Lowers Stake in NextEra Energy, Inc. (NYSE:NEE)

Bridges Investment Management Inc. cut its holdings in NextEra Energy, Inc. (NYSE:NEEFree Report) by 1.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,165 shares of the utilities provider’s stock after selling 340 shares during the quarter. Bridges Investment Management Inc.’s holdings in NextEra Energy were worth $1,225,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Coppell Advisory Solutions LLC bought a new position in NextEra Energy in the second quarter worth about $32,000. Country Trust Bank raised its holdings in NextEra Energy by 975.6% in the third quarter. Country Trust Bank now owns 441 shares of the utilities provider’s stock worth $25,000 after purchasing an additional 400 shares in the last quarter. West Tower Group LLC bought a new position in NextEra Energy in the second quarter worth about $36,000. GeoWealth Management LLC increased its holdings in shares of NextEra Energy by 124.1% during the first quarter. GeoWealth Management LLC now owns 549 shares of the utilities provider’s stock valued at $42,000 after acquiring an additional 304 shares in the last quarter. Finally, Alaska Permanent Fund Corp increased its holdings in shares of NextEra Energy by 59.8% during the third quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 208 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

NEE has been the topic of several recent analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $74.00 price objective on shares of NextEra Energy in a report on Tuesday, January 30th. 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 report on Monday, January 22nd. Mizuho restated a “buy” rating and set a $67.00 price objective (up previously from $65.00) on shares of NextEra Energy in a report on Friday, March 15th. Citigroup initiated coverage on NextEra Energy in a research report on Friday, December 8th. They issued a “buy” rating and a $69.00 target price on the stock. Finally, BMO Capital Markets upped their target price on NextEra Energy from $76.00 to $77.00 and gave the company an “outperform” rating in a research report on Monday, March 18th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $72.46.

View Our Latest Research Report on NEE

NextEra Energy Stock Down 0.3 %

Shares of NYSE NEE traded down $0.19 during midday trading on Wednesday, hitting $62.69. 1,965,461 shares of the company’s stock were exchanged, compared to its average volume of 11,893,081. 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, Inc. has a twelve month low of $47.15 and a twelve month high of $79.78. The company has a market cap of $128.67 billion, a PE ratio of 17.42, a P/E/G ratio of 2.25 and a beta of 0.51. The firm’s fifty day simple moving average is $58.33 and its 200-day simple moving average is $58.42.

NextEra Energy (NYSE:NEEGet Free Report) last issued its earnings results on Thursday, January 25th. The utilities provider reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.03. The business had revenue of $6.88 billion for the quarter, compared to analyst estimates of $5.72 billion. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. During the same quarter last year, the company earned $0.51 EPS. Research analysts predict that NextEra Energy, Inc. will post 3.44 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently declared 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. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date was Monday, February 26th. This represents a $2.06 annualized dividend and a yield of 3.29%. NextEra Energy’s payout ratio is 57.06%.

NextEra Energy Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy, Inc. (NYSE:NEEFree Report).

Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.