Pacific Center for Financial Services Trims Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Pacific Center for Financial Services decreased its position in NextEra Energy, Inc. (NYSE:NEEFree Report) by 3.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,324 shares of the utilities provider’s stock after selling 355 shares during the period. Pacific Center for Financial Services’ holdings in NextEra Energy were worth $566,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Clear Investment Research LLC raised its stake in shares of NextEra Energy by 387.2% during the 4th quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock valued at $28,000 after buying an additional 364 shares during the last quarter. BOK Financial Private Wealth Inc. purchased a new position in shares of NextEra Energy during the 4th quarter valued at about $29,000. Stuart Chaussee & Associates Inc. grew its position in shares of NextEra Energy by 315.4% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 410 shares during the period. Rakuten Securities Inc. acquired a new stake in shares of NextEra Energy during the 4th quarter valued at about $34,000. Finally, Valued Wealth Advisors LLC acquired a new stake in shares of NextEra Energy during the 4th quarter valued at about $34,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on NEE. BMO Capital Markets raised their target price on NextEra Energy from $78.00 to $79.00 and gave the company an “outperform” rating in a research report on Wednesday. Barclays dropped their target price on NextEra Energy from $74.00 to $73.00 and set an “equal weight” rating on the stock in a research report on Thursday. Wells Fargo & Company restated an “overweight” rating and set a $95.00 target price on shares of NextEra Energy in a research report on Wednesday. Scotiabank lifted their price objective on NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a report on Monday, April 22nd. Finally, Royal Bank of Canada lifted their price target on shares of NextEra Energy from $74.00 to $84.00 and gave the company an “outperform” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, NextEra Energy currently has a consensus rating of “Moderate Buy” and an average price target of $74.86.

View Our Latest Report on NEE

NextEra Energy Stock Performance

Shares of NYSE:NEE traded down $0.12 on Friday, reaching $73.06. The company’s stock had a trading volume of 6,495,086 shares, compared to its average volume of 11,713,419. The stock’s 50-day moving average is $71.54 and its two-hundred day moving average is $63.55. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $80.47. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.43. The stock has a market capitalization of $150.10 billion, a P/E ratio of 19.91, a PEG ratio of 2.65 and a beta of 0.56.

NextEra Energy (NYSE:NEEGet Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.11. The firm had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $6.28 billion. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The firm’s revenue for the quarter was down 14.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.84 earnings per share. As a group, sell-side analysts forecast that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be issued a $0.515 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This represents a $2.06 dividend on an annualized basis and a yield of 2.82%. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

About NextEra Energy

(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.

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

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