NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Duncker Streett & Co. Inc.

Duncker Streett & Co. Inc. cut its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 16.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,691 shares of the utilities provider’s stock after selling 1,900 shares during the period. Duncker Streett & Co. Inc.’s holdings in NextEra Energy were worth $589,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Avitas Wealth Management LLC grew its position in shares of NextEra Energy by 2.9% during the 4th quarter. Avitas Wealth Management LLC now owns 37,843 shares of the utilities provider’s stock valued at $2,299,000 after acquiring an additional 1,057 shares during the period. Stiles Financial Services Inc boosted its holdings in shares of NextEra Energy by 9.0% during the 4th quarter. Stiles Financial Services Inc now owns 35,180 shares of the utilities provider’s stock worth $2,137,000 after purchasing an additional 2,899 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of NextEra Energy by 1.7% during the 3rd 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 last quarter. Asio Capital LLC acquired a new position in shares of NextEra Energy during the 4th quarter worth approximately $2,701,000. Finally, Robertson Stephens Wealth Management LLC boosted its holdings in shares of NextEra Energy by 7.3% during the 3rd 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 last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NEE has been the topic of several recent research reports. BMO Capital Markets lowered their target price on NextEra Energy from $77.00 to $68.00 and set an “outperform” rating on the stock in a report on Tuesday. Guggenheim boosted 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. StockNews.com lowered NextEra Energy from a “hold” rating to a “sell” rating in a research report on Monday, February 19th. Barclays started coverage on NextEra Energy in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 price objective on the stock. Finally, Mizuho reiterated a “buy” rating and set a $67.00 target price (up previously from $65.00) on shares of NextEra Energy in a research note on Friday, March 15th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, NextEra Energy has an average rating of “Moderate Buy” and a consensus price target of $71.36.

NextEra Energy Price Performance

Shares of NEE stock traded down $1.05 during trading hours on Wednesday, hitting $61.70. The company’s stock had a trading volume of 11,594,124 shares, compared to its average volume of 11,029,350. The business has a fifty day moving average of $59.43 and a 200-day moving average of $58.35. The stock has a market cap of $126.63 billion, a price-to-earnings ratio of 17.09, a P/E/G ratio of 2.26 and a beta of 0.51. NextEra Energy, Inc. has a twelve month low of $47.15 and a twelve month 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.

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

NextEra Energy Increases Dividend

The firm 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. The ex-dividend date was Monday, February 26th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 annualized dividend and a dividend yield of 3.34%. NextEra Energy’s dividend payout ratio is currently 57.06%.

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.