Philip James Wealth Mangement LLC Has $512,000 Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Philip James Wealth Mangement LLC lessened its stake in NextEra Energy, Inc. (NYSE:NEE) by 45.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,140 shares of the utilities provider’s stock after selling 6,003 shares during the quarter. Philip James Wealth Mangement LLC’s holdings in NextEra Energy were worth $512,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Geode Capital Management LLC increased its stake in shares of NextEra Energy by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 42,418,748 shares of the utilities provider’s stock worth $3,571,650,000 after purchasing an additional 820,704 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of NextEra Energy by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 13,284,785 shares of the utilities provider’s stock worth $1,122,963,000 after purchasing an additional 86,758 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of NextEra Energy by 20.9% during the 4th quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock worth $634,703,000 after purchasing an additional 1,525,436 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of NextEra Energy by 5.5% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 8,630,775 shares of the utilities provider’s stock worth $729,559,000 after purchasing an additional 452,590 shares during the last quarter. Finally, Swiss National Bank increased its stake in shares of NextEra Energy by 0.4% during the 3rd quarter. Swiss National Bank now owns 6,098,200 shares of the utilities provider’s stock worth $515,481,000 after purchasing an additional 21,400 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on NEE. Barclays increased their price target on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Scotiabank raised their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. lowered their target price on shares of NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Jefferies Financial Group lowered their target price on shares of NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. Finally, Royal Bank of Canada lowered shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $85.85.

NextEra Energy Price Performance

Shares of NextEra Energy stock opened at $68.06 on Monday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10. The firm has a fifty day moving average price of $70.97 and a two-hundred day moving average price of $76.84. The company has a market cap of $139.97 billion, a PE ratio of 20.20, a price-to-earnings-growth ratio of 2.42 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share 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%. Analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.5665 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.33%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s dividend payout ratio (DPR) is presently 61.13%.

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.