Choreo LLC Sells 1,660 Shares of NextEra Energy, Inc. (NYSE:NEE)

Choreo LLC cut its holdings in NextEra Energy, Inc. (NYSE:NEE) by 4.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,837 shares of the utilities provider’s stock after selling 1,660 shares during the period. Choreo LLC’s holdings in NextEra Energy were worth $1,994,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. BOK Financial Private Wealth Inc. bought a new stake in NextEra Energy in the fourth quarter worth $29,000. Stuart Chaussee & Associates Inc. boosted its holdings in NextEra Energy by 315.4% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 410 shares during the period. Rakuten Securities Inc. bought a new stake in NextEra Energy during the fourth quarter valued at about $34,000. Alaska Permanent Fund Corp boosted its holdings in NextEra Energy by 59.8% during the third quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 208 shares during the period. Finally, Valued Wealth Advisors LLC bought a new stake in NextEra Energy during the fourth quarter valued at about $34,000. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Stock Performance

NYSE:NEE opened at $67.42 on Tuesday. NextEra Energy, Inc. has a 12-month low of $47.15 and a 12-month high of $78.53. The company has a quick ratio of 0.43, a current ratio of 0.51 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $138.52 billion, a PE ratio of 18.37, a price-to-earnings-growth ratio of 2.43 and a beta of 0.51. The firm has a 50-day moving average price of $61.05 and a 200 day moving average price of $59.25.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $5.73 billion during the quarter, compared to analyst estimates of $6.28 billion. During the same quarter in the prior year, the business posted $0.84 earnings per share. The company’s quarterly revenue was down 14.7% compared to the same quarter last year. Research analysts anticipate that NextEra Energy, Inc. will post 3.4 earnings per share 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 given a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 3.06%. The ex-dividend date was Monday, February 26th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s dividend payout ratio is 56.13%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on NEE shares. Wells Fargo & Company upped their price target on shares of NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, March 19th. StockNews.com upgraded shares of NextEra Energy from a “sell” rating to a “hold” rating in a report on Monday, April 22nd. Morgan Stanley upped their price target on shares of NextEra Energy from $77.00 to $79.00 and gave the company an “overweight” rating in a report on Monday, April 22nd. Mizuho upped their price target on shares of NextEra Energy from $67.00 to $71.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Finally, Bank of America upped their price target on shares of NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday, April 23rd. One 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $71.50.

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.