Wealth Effects LLC Has $272,000 Position in NextEra Energy, Inc. (NYSE:NEE)

Wealth Effects LLC lessened its position in NextEra Energy, Inc. (NYSE:NEE) by 20.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,473 shares of the utilities provider’s stock after selling 1,172 shares during the period. Wealth Effects LLC’s holdings in NextEra Energy were worth $272,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of NEE. Country Trust Bank increased its holdings in NextEra Energy by 975.6% in the 3rd 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. Alaska Permanent Fund Corp increased its stake in shares of NextEra Energy by 59.8% in the third quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock valued at $32,000 after buying an additional 208 shares during the period. Coppell Advisory Solutions LLC acquired a new stake in shares of NextEra Energy in the second quarter valued at about $32,000. Valued Wealth Advisors LLC acquired a new stake in shares of NextEra Energy in the fourth quarter valued at about $34,000. Finally, HBC Financial Services PLLC acquired a new stake in shares of NextEra Energy in the fourth quarter valued at about $36,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Down 0.3 %

Shares of NextEra Energy stock traded down $0.18 on Friday, hitting $63.76. The company had a trading volume of 1,732,011 shares, compared to its average volume of 11,728,697. The stock has a market capitalization of $130.86 billion, a price-to-earnings ratio of 17.73, a P/E/G ratio of 2.27 and a beta of 0.51. NextEra Energy, Inc. has a 1 year low of $47.15 and a 1 year high of $79.78. The stock has a 50 day moving average of $59.09 and a 200-day moving average of $58.37. 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 issued its quarterly earnings data on Thursday, January 25th. The utilities provider reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. The firm 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. As a group, sell-side analysts forecast that NextEra Energy, Inc. will post 3.44 earnings per share for the current year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors 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 3.23%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date was Monday, February 26th. NextEra Energy’s dividend payout ratio (DPR) is presently 57.06%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on NEE shares. Mizuho reissued a “buy” rating and issued a $67.00 price target (up previously from $65.00) on shares of NextEra Energy in a research note on Friday, March 15th. 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. StockNews.com lowered NextEra Energy from a “hold” rating to a “sell” rating in a research report on Monday, February 19th. Guggenheim upped their target price on NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. Finally, Barclays started coverage on NextEra Energy in a research report on Wednesday. They set an “equal weight” rating and a $66.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.00.

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.