NextEra Energy, Inc. (NYSE:NEE) Shares Sold by BIP Wealth LLC

BIP Wealth LLC decreased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 15.0% during the 4th quarter, HoldingsChannel reports. The fund owned 3,930 shares of the utilities provider’s stock after selling 694 shares during the quarter. BIP Wealth LLC’s holdings in NextEra Energy were worth $239,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Mizuho Markets Americas LLC acquired a new stake in NextEra Energy during the third quarter valued at approximately $141,817,000. Nordea Investment Management AB grew its holdings in NextEra Energy by 59.1% in the 3rd quarter. Nordea Investment Management AB now owns 5,784,080 shares of the utilities provider’s stock worth $337,096,000 after buying an additional 2,148,205 shares in the last quarter. International Assets Investment Management LLC grew its holdings in NextEra Energy by 7,999.6% in the 4th 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 in the last quarter. Vanguard Group Inc. grew its holdings in NextEra Energy by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock worth $11,368,065,000 after buying an additional 1,956,153 shares in the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc bought a new position in NextEra Energy in the 4th quarter worth approximately $94,883,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Morgan Stanley increased their price objective on NextEra Energy from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Monday. Wells Fargo & Company lifted their price target on NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, March 19th. BMO Capital Markets lifted their price target on NextEra Energy from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday. Guggenheim raised their price objective on NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, January 22nd. Finally, Scotiabank raised their price objective on NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $71.50.

NextEra Energy Stock Up 0.6 %

Shares of NextEra Energy stock traded up $0.39 during midday trading on Thursday, hitting $66.95. The company’s stock had a trading volume of 6,272,980 shares, compared to its average volume of 11,867,563. The firm has a market capitalization of $137.41 billion, a P/E ratio of 18.25, a PEG ratio of 2.38 and a beta of 0.51. The stock has a 50-day simple moving average of $60.47 and a 200-day simple moving average of $58.89. The company has a quick ratio of 0.47, a current ratio of 0.51 and a debt-to-equity ratio of 1.12. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $78.53.

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

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were given a dividend of $0.515 per share. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date was Monday, February 26th. This represents a $2.06 dividend on an annualized basis and a yield of 3.08%. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

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.