Crescent Grove Advisors LLC Has $315,000 Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Crescent Grove Advisors LLC decreased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 5,193 shares of the utilities provider’s stock after selling 182 shares during the period. Crescent Grove Advisors LLC’s holdings in NextEra Energy were worth $315,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Avitas Wealth Management LLC boosted its position in NextEra Energy by 2.9% in the fourth quarter. Avitas Wealth Management LLC now owns 37,843 shares of the utilities provider’s stock valued at $2,299,000 after buying an additional 1,057 shares in the last quarter. Stiles Financial Services Inc boosted its position in NextEra Energy by 9.0% in the fourth quarter. Stiles Financial Services Inc now owns 35,180 shares of the utilities provider’s stock valued at $2,137,000 after buying an additional 2,899 shares in the last quarter. Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of NextEra Energy by 1.7% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 383,932 shares of the utilities provider’s stock worth $21,995,000 after purchasing an additional 6,325 shares during the period. Asio Capital LLC acquired a new position in shares of NextEra Energy during the fourth quarter worth $2,701,000. Finally, Robertson Stephens Wealth Management LLC lifted its holdings in shares of NextEra Energy by 7.3% during the third quarter. Robertson Stephens Wealth Management LLC now owns 17,714 shares of the utilities provider’s stock worth $1,015,000 after purchasing an additional 1,211 shares during the period. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Performance

Shares of NEE stock traded down $1.03 during trading hours on Tuesday, hitting $61.72. 2,536,127 shares of the company were exchanged, compared to its average volume of 11,694,447. The stock has a market capitalization of $126.68 billion, a price-to-earnings ratio of 17.10, a P/E/G ratio of 2.27 and a beta of 0.51. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $79.78. The company has a current ratio of 0.55, a quick ratio of 0.47 and a debt-to-equity ratio of 1.06. The firm has a fifty day simple moving average of $59.32 and a 200 day simple moving average of $58.32.

NextEra Energy (NYSE:NEE) last released its earnings results 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. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. The company had revenue of $6.88 billion during the quarter, compared to analyst estimates of $5.72 billion. During the same quarter in the previous year, the company posted $0.51 EPS. Research analysts predict that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were given a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 3.34%. The ex-dividend date was Monday, February 26th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s payout ratio is currently 57.06%.

Analyst Ratings Changes

A number of equities analysts have recently commented on NEE shares. Guggenheim lifted their price target on shares of NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. Royal Bank of Canada reissued an “outperform” rating and set a $74.00 target price on shares of NextEra Energy in a research note on Tuesday, January 30th. StockNews.com downgraded shares of NextEra Energy from a “hold” rating to a “sell” rating in a research note on Monday, February 19th. Wells Fargo & Company lifted their target price on shares of NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 19th. Finally, BMO Capital Markets lowered their target price on shares of NextEra Energy from $77.00 to $68.00 and set an “outperform” rating for the company in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, NextEra Energy currently has an average rating of “Moderate Buy” and an average target price of $71.36.

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.