Eaton Financial Holdings Company LLC Reduces Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Eaton Financial Holdings Company LLC trimmed its holdings in NextEra Energy, Inc. (NYSE:NEEFree Report) by 4.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,400 shares of the utilities provider’s stock after selling 6,009 shares during the quarter. NextEra Energy comprises about 2.0% of Eaton Financial Holdings Company LLC’s investment portfolio, making the stock its 9th biggest holding. Eaton Financial Holdings Company LLC’s holdings in NextEra Energy were worth $8,406,000 at the end of the most recent quarter.

Other large investors 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 stake in NextEra Energy by 315.4% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 410 shares in the last quarter. Valued Wealth Advisors LLC bought a new position in shares of NextEra Energy in the fourth quarter worth about $34,000. Rakuten Securities Inc. purchased a new stake in NextEra Energy during the 4th quarter valued at approximately $34,000. Finally, HBC Financial Services PLLC bought a new stake in NextEra Energy during the fourth quarter worth approximately $36,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on NEE. Mizuho boosted their target price on NextEra Energy from $67.00 to $71.00 and gave the company a “buy” rating in a research report on Wednesday, April 24th. Wells Fargo & Company boosted their price objective on shares of NextEra Energy from $85.00 to $95.00 and gave the company an “overweight” rating in a research report on Wednesday, May 15th. Scotiabank lifted 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 note on Monday, April 22nd. BMO Capital Markets upped their price target on shares of NextEra Energy from $72.00 to $78.00 and gave the company an “outperform” rating in a report on Tuesday, May 7th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $74.00 price objective on shares of NextEra Energy in a research note on Tuesday, January 30th. 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. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.64.

Get Our Latest Stock Analysis on NextEra Energy

NextEra Energy Stock Performance

NextEra Energy stock traded up $1.29 during mid-day trading on Monday, reaching $76.61. 7,601,100 shares of the company traded hands, compared to its average volume of 11,642,652. The firm’s fifty day moving average is $67.50 and its two-hundred day moving average is $61.60. The company has a market capitalization of $157.40 billion, a price-to-earnings ratio of 20.87, a price-to-earnings-growth ratio of 2.81 and a beta of 0.50. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $77.41. 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:NEEGet Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, topping the consensus estimate of $0.80 by $0.11. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The business had revenue of $5.73 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same quarter in the prior year, the firm posted $0.84 EPS. The business’s quarterly revenue was down 14.7% compared to the same quarter last year. On average, equities research analysts expect that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 3rd will be issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date is Monday, June 3rd. NextEra Energy’s payout ratio is 56.13%.

About NextEra Energy

(Free Report)

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.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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