NextEra Energy, Inc. (NYSE:NEE) Position Trimmed by Wealth Alliance

Wealth Alliance decreased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 12.6% in the 4th quarter, Holdings Channel reports. The firm owned 34,673 shares of the utilities provider’s stock after selling 4,988 shares during the quarter. Wealth Alliance’s holdings in NextEra Energy were worth $2,486,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Empowered Funds LLC increased its stake in NextEra Energy by 14.7% during the fourth quarter. Empowered Funds LLC now owns 45,566 shares of the utilities provider’s stock valued at $3,267,000 after purchasing an additional 5,831 shares during the last quarter. Nordea Investment Management AB increased its stake in NextEra Energy by 20.9% during the fourth quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock valued at $634,703,000 after purchasing an additional 1,525,436 shares during the last quarter. Empower Advisory Group LLC grew its position in shares of NextEra Energy by 2.3% during the fourth quarter. Empower Advisory Group LLC now owns 1,823,327 shares of the utilities provider’s stock worth $130,714,000 after acquiring an additional 41,328 shares during the last quarter. Swiss National Bank grew its position in shares of NextEra Energy by 0.4% during the third quarter. Swiss National Bank now owns 6,098,200 shares of the utilities provider’s stock worth $515,481,000 after acquiring an additional 21,400 shares during the last quarter. Finally, Czech National Bank grew its position in shares of NextEra Energy by 6.5% during the fourth quarter. Czech National Bank now owns 445,870 shares of the utilities provider’s stock worth $31,964,000 after acquiring an additional 27,340 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

Shares of NYSE NEE opened at $69.04 on Thursday. NextEra Energy, Inc. has a twelve month low of $53.95 and a twelve month high of $86.10. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $141.98 billion, a price-to-earnings ratio of 20.49, a PEG ratio of 2.38 and a beta of 0.58. The firm has a 50-day moving average of $70.62 and a two-hundred day moving average of $76.64.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, meeting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. As a group, analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be paid a dividend of $0.5665 per share. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 dividend on an annualized basis and a yield of 3.28%. NextEra Energy’s dividend payout ratio is currently 61.13%.

Wall Street Analysts Forecast Growth

NEE has been the subject of several recent research reports. Scotiabank upped their price target on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a research report on Thursday, December 12th. Jefferies Financial Group decreased their target price on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Barclays increased their target price on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. BMO Capital Markets increased their target price on shares of NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Finally, Evercore ISI decreased their target price on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research report on Monday, January 27th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, NextEra Energy presently has an average rating of “Hold” and an average price target of $85.85.

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.