NextEra Energy, Inc. (NYSE:NEE) Stock Position Reduced by Hunter Associates Investment Management LLC

Hunter Associates Investment Management LLC trimmed its position in NextEra Energy, Inc. (NYSE:NEE) by 7.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,311 shares of the utilities provider’s stock after selling 1,105 shares during the quarter. Hunter Associates Investment Management LLC’s holdings in NextEra Energy were worth $807,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of NextEra Energy during the fourth quarter worth $2,774,845,000. Moneta Group Investment Advisors LLC grew its stake in shares of 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 in the last quarter. Mizuho Markets Americas LLC acquired a new position in shares of NextEra Energy during the third quarter valued at $141,817,000. Nordea Investment Management AB lifted its holdings 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 lifted its holdings 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 institutional investors and hedge funds.

NextEra Energy Stock Up 0.5 %

NYSE:NEE traded up $0.29 on Friday, hitting $64.30. 13,419,416 shares of the company’s stock traded hands, compared to its average volume of 10,694,062. The company has a market cap of $131.97 billion, a PE ratio of 17.81, a price-to-earnings-growth ratio of 2.30 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 current ratio of 0.55, a quick ratio of 0.47 and a debt-to-equity ratio of 1.06. The firm has a 50-day moving average price of $59.89 and a 200-day moving average price of $58.51.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Thursday, January 25th. The utilities provider reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. The firm had revenue of $6.88 billion for the quarter, compared to the consensus estimate of $5.72 billion. During the same period in the previous year, the firm posted $0.51 earnings per share. Equities analysts anticipate that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 3.20%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date was Monday, February 26th. NextEra Energy’s payout ratio is currently 57.06%.

Analyst Upgrades and Downgrades

NEE has been the subject of a number of research analyst reports. Barclays assumed coverage on shares of NextEra Energy in a research note on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 price target for the company. Mizuho reiterated 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. StockNews.com lowered NextEra Energy from a “hold” rating to a “sell” rating in a report on Monday, February 19th. BMO Capital Markets decreased their target price on NextEra Energy from $77.00 to $68.00 and set an “outperform” rating for the company in a research note on Tuesday. Finally, Guggenheim boosted their price target on shares of NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, January 22nd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $71.36.

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.