Emfo LLC Sells 4,875 Shares of NextEra Energy, Inc. (NYSE:NEE)

Emfo LLC reduced its stake in NextEra Energy, Inc. (NYSE:NEE) by 19.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,637 shares of the utilities provider’s stock after selling 4,875 shares during the period. NextEra Energy comprises 1.1% of Emfo LLC’s investment portfolio, making the stock its 28th largest position. Emfo LLC’s holdings in NextEra Energy were worth $1,193,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Norges Bank purchased a new position in shares of NextEra Energy during the fourth quarter valued at approximately $2,774,845,000. Moneta Group Investment Advisors LLC grew its stake in NextEra Energy by 66,613.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 30,263,816 shares of the utilities provider’s stock worth $2,530,055,000 after purchasing an additional 30,218,452 shares during the period. Mizuho Markets Americas LLC purchased a new stake in NextEra Energy in the third quarter worth $141,817,000. Nordea Investment Management AB grew its stake in NextEra Energy by 59.1% in the third quarter. Nordea Investment Management AB now owns 5,784,080 shares of the utilities provider’s stock worth $337,096,000 after purchasing an additional 2,148,205 shares during the period. Finally, International Assets Investment Management LLC grew its stake in NextEra Energy by 7,999.6% in the fourth quarter. International Assets Investment Management LLC now owns 2,173,459 shares of the utilities provider’s stock worth $132,016,000 after purchasing an additional 2,146,625 shares during the period. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Stock Performance

NEE traded down $0.33 during midday trading on Monday, reaching $62.75. The company had a trading volume of 11,146,187 shares, compared to its average volume of 11,825,647. The company has a quick ratio of 0.47, a current ratio of 0.55 and a debt-to-equity ratio of 1.06. The business has a 50-day moving average of $59.19 and a two-hundred day moving average of $58.28. The company has a market cap of $128.79 billion, a P/E ratio of 17.48, 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.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Thursday, January 25th. The utilities provider reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The business had revenue of $6.88 billion during the quarter, compared to analysts’ expectations 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 in the prior year, the business posted $0.51 earnings per share. As a group, equities research analysts predict that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently announced 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. The ex-dividend date of this dividend was Monday, February 26th. This represents a $2.06 annualized dividend and a dividend yield of 3.28%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s dividend payout ratio (DPR) is currently 57.06%.

Analysts Set New Price Targets

Several research firms have commented on NEE. Barclays began coverage on NextEra Energy in a report on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 target price on the stock. BMO Capital Markets boosted their target price on NextEra Energy from $76.00 to $77.00 and gave the stock an “outperform” rating in a report on Monday, March 18th. Guggenheim boosted their target price on NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. Mizuho reissued a “buy” rating and issued a $67.00 target price (up from $65.00) on shares of NextEra Energy in a report on Friday, March 15th. Finally, StockNews.com downgraded NextEra Energy from a “hold” rating to a “sell” rating in a report on Monday, February 19th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $72.00.

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.