Roffman Miller Associates Inc. PA Lowers Holdings in NextEra Energy, Inc. (NYSE:NEE)

Roffman Miller Associates Inc. PA lessened its stake in NextEra Energy, Inc. (NYSE:NEE) by 6.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 17,026 shares of the utilities provider’s stock after selling 1,240 shares during the period. Roffman Miller Associates Inc. PA’s holdings in NextEra Energy were worth $1,034,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NEE. Vanguard Group Inc. boosted its position in NextEra Energy by 1.0% during the third quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock worth $11,368,065,000 after purchasing an additional 1,956,153 shares in the last quarter. Northern Trust Corp increased its stake in shares of NextEra Energy by 2.0% during the third quarter. Northern Trust Corp now owns 22,982,250 shares of the utilities provider’s stock worth $1,316,653,000 after purchasing an additional 455,271 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of NextEra Energy by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,352,695 shares of the utilities provider’s stock worth $593,106,000 after purchasing an additional 148,674 shares during the last quarter. California Public Employees Retirement System boosted its holdings in NextEra Energy by 2.4% in the 3rd quarter. California Public Employees Retirement System now owns 9,026,464 shares of the utilities provider’s stock worth $517,126,000 after buying an additional 209,584 shares during the last quarter. Finally, Nordea Investment Management AB increased its stake in NextEra Energy by 59.1% during 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. 78.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NEE has been the subject of several research reports. Morgan Stanley boosted their price target on NextEra Energy from $77.00 to $79.00 and gave the stock an “overweight” rating in a research report on Monday. Scotiabank boosted their price target on shares of NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a research report on Monday. StockNews.com raised shares of NextEra Energy from a “sell” rating to a “hold” rating in a research note on Monday. Guggenheim lifted their price objective on NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, January 22nd. Finally, Bank of America upped their target price on NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $71.50.

NextEra Energy Trading Down 1.1 %

Shares of NYSE NEE traded down $0.71 during trading on Friday, reaching $66.19. The stock had a trading volume of 4,991,042 shares, compared to its average volume of 11,847,713. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.47 and a current ratio of 0.51. The company has a market cap of $135.99 billion, a P/E ratio of 18.23, a PEG ratio of 2.45 and a beta of 0.51. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $78.53. The business’s 50-day moving average price is $60.67 and its 200-day moving average price is $58.94.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, beating the consensus estimate of $0.80 by $0.11. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The business had revenue of $5.73 billion during the quarter, compared to analyst estimates of $6.28 billion. During the same quarter last year, the firm posted $0.84 earnings per share. The business’s revenue for the quarter was down 14.7% compared to the same quarter last year. On average, equities research analysts predict that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 3.11%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date was Monday, February 26th. NextEra Energy’s dividend payout ratio is 56.13%.

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.