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

Meridian Wealth Advisors LLC lowered its stake in NextEra Energy, Inc. (NYSE:NEE) by 5.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,781 shares of the utilities provider’s stock after selling 198 shares during the quarter. Meridian Wealth Advisors LLC’s holdings in NextEra Energy were worth $230,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. RMR Wealth Builders lifted its position in NextEra Energy by 2.2% in the fourth quarter. RMR Wealth Builders now owns 14,139 shares of the utilities provider’s stock valued at $859,000 after buying an additional 298 shares during the last quarter. Evexia Wealth LLC lifted its position in NextEra Energy by 5.0% in the fourth quarter. Evexia Wealth LLC now owns 5,812 shares of the utilities provider’s stock valued at $338,000 after buying an additional 276 shares during the last quarter. Everpar Advisors LLC acquired a new position in NextEra Energy in the fourth quarter valued at about $356,000. Gryphon Financial Partners LLC increased its stake in NextEra Energy by 49.7% during the fourth quarter. Gryphon Financial Partners LLC now owns 12,181 shares of the utilities provider’s stock worth $754,000 after purchasing an additional 4,046 shares during the period. Finally, Sawgrass Asset Management LLC purchased a new stake in NextEra Energy during the fourth quarter worth about $291,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Performance

Shares of NEE stock traded up $0.28 during trading hours on Thursday, hitting $73.13. The stock had a trading volume of 793,456 shares, compared to its average volume of 11,784,865. The firm has a market capitalization of $150.25 billion, a PE ratio of 19.85, a PEG ratio of 2.58 and a beta of 0.50. NextEra Energy, Inc. has a twelve month low of $47.15 and a twelve month high of $78.53. The stock’s 50 day moving average is $62.65 and its 200 day moving average is $59.94. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.43.

NextEra Energy (NYSE:NEE) last posted 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 during the quarter, compared to the consensus estimate 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 prior year, the company earned $0.84 earnings per share. As a group, research analysts forecast that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were issued a $0.515 dividend. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 annualized dividend and a dividend yield of 2.82%. The ex-dividend date of this dividend was Monday, February 26th. NextEra Energy’s dividend payout ratio is presently 56.13%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Morgan Stanley boosted their price target on shares of NextEra Energy from $77.00 to $79.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. StockNews.com upgraded shares of NextEra Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Scotiabank upped their target price on shares of NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a research note on Monday, April 22nd. Bank of America upped their target price on shares of NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 23rd. Finally, Royal Bank of Canada restated an “outperform” rating and set a $74.00 target price on shares of NextEra Energy in a research note on Tuesday, January 30th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, NextEra Energy has a consensus rating of “Moderate Buy” and a consensus target price of $71.93.

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.