NextEra Energy, Inc. (NYSE:NEE) Stock Position Decreased by Marietta Wealth Management LLC

Marietta Wealth Management LLC lowered its holdings in NextEra Energy, Inc. (NYSE:NEE) by 12.9% during the fourth quarter, HoldingsChannel.com reports. The fund owned 65,783 shares of the utilities provider’s stock after selling 9,747 shares during the period. Marietta Wealth Management LLC’s holdings in NextEra Energy were worth $3,996,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of NextEra Energy during the fourth quarter valued at $2,774,845,000. Moneta Group Investment Advisors LLC grew its position in NextEra Energy by 66,613.3% in the 4th 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 last quarter. Mizuho Markets Americas LLC acquired a new stake in shares of NextEra Energy in the third quarter valued at approximately $141,817,000. Nordea Investment Management AB raised its holdings in shares of NextEra Energy by 59.1% during the third quarter. Nordea Investment Management AB now owns 5,784,080 shares of the utilities provider’s stock valued at $337,096,000 after buying an additional 2,148,205 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its position in shares of NextEra Energy by 7,999.6% during 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 buying an additional 2,146,625 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NEE has been the topic of several analyst reports. Barclays initiated coverage on NextEra Energy in a research report on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 target price on the stock. Royal Bank of Canada restated an “outperform” rating and set a $74.00 price objective on shares of NextEra Energy in a research note on Tuesday, January 30th. BMO Capital Markets decreased 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 report on Tuesday. Mizuho restated a “buy” rating and set a $67.00 price target (up from $65.00) on shares of NextEra Energy in a research report on Friday, March 15th. Finally, Wells Fargo & Company increased their price objective on shares of NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, March 19th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $71.36.

NextEra Energy Trading Down 1.5 %

Shares of NYSE:NEE traded down $0.94 during midday trading on Tuesday, reaching $61.81. The company had a trading volume of 4,359,640 shares, compared to its average volume of 11,721,227. The company has a fifty day simple moving average of $59.32 and a two-hundred day simple moving average of $58.32. The firm has a market cap of $126.86 billion, a price-to-earnings ratio of 17.14, a price-to-earnings-growth 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 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 announced its earnings results 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 company had revenue of $6.88 billion during the quarter, compared to analysts’ expectations of $5.72 billion. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. During the same period last year, the company posted $0.51 earnings per share. Research analysts predict that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Increases Dividend

The firm also recently announced 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 3.33%. The ex-dividend date was Monday, February 26th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s dividend payout ratio (DPR) is 57.06%.

NextEra Energy Company 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.