NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Fiduciary Group LLC

Fiduciary Group LLC reduced its position in NextEra Energy, Inc. (NYSE:NEE) by 21.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,295 shares of the utilities provider’s stock after selling 2,324 shares during the quarter. Fiduciary Group LLC’s holdings in NextEra Energy were worth $504,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Avitas Wealth Management LLC boosted its holdings in shares of NextEra Energy by 2.9% in the fourth 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 lifted its holdings in NextEra Energy by 9.0% in the fourth quarter. Stiles Financial Services Inc now owns 35,180 shares of the utilities provider’s stock valued at $2,137,000 after acquiring an additional 2,899 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its holdings in NextEra Energy by 1.7% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 383,932 shares of the utilities provider’s stock valued at $21,995,000 after acquiring an additional 6,325 shares during the period. Asio Capital LLC acquired a new stake in NextEra Energy in the fourth quarter valued at $2,701,000. Finally, Robertson Stephens Wealth Management LLC increased its position in shares of NextEra Energy by 7.3% in the third quarter. Robertson Stephens Wealth Management LLC now owns 17,714 shares of the utilities provider’s stock valued at $1,015,000 after buying an additional 1,211 shares in the last quarter. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Stock Performance

NYSE NEE opened at $66.31 on Monday. The firm has a market capitalization of $136.24 billion, a P/E ratio of 17.98, a P/E/G ratio of 2.43 and a beta of 0.51. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $78.53. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.43. The business’s 50-day simple moving average is $60.85 and its 200-day simple moving average is $59.15.

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

NextEra Energy Increases Dividend

The business also recently declared 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. 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 yield of 3.11%. NextEra Energy’s payout ratio is 56.13%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on NEE shares. Scotiabank raised their price target on NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a research report on Monday, April 22nd. Barclays started coverage on NextEra Energy in a research report on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 price target for the company. StockNews.com upgraded NextEra Energy from a “sell” rating to a “hold” rating in a research report on Monday, April 22nd. Morgan Stanley raised their price target on NextEra Energy from $77.00 to $79.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. Finally, Guggenheim raised their price target on NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $71.50.

About NextEra Energy

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.