StrategIQ Financial Group LLC Sells 864 Shares of NextEra Energy, Inc. (NYSE:NEE)

StrategIQ Financial Group LLC lessened its position in NextEra Energy, Inc. (NYSE:NEEFree Report) by 11.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,914 shares of the utilities provider’s stock after selling 864 shares during the quarter. StrategIQ Financial Group LLC’s holdings in NextEra Energy were worth $420,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in NEE. Skandinaviska Enskilda Banken AB publ lifted its position in NextEra Energy by 1.7% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 383,932 shares of the utilities provider’s stock valued at $21,995,000 after buying an additional 6,325 shares during the period. Asio Capital LLC bought a new stake in shares of NextEra Energy in the fourth quarter worth $2,701,000. Robertson Stephens Wealth Management LLC increased its position in shares of NextEra Energy by 7.3% during the 3rd quarter. Robertson Stephens Wealth Management LLC now owns 17,714 shares of the utilities provider’s stock valued at $1,015,000 after purchasing an additional 1,211 shares during the last quarter. Cavalry Management Group LLC raised its position in NextEra Energy by 15.5% in the second quarter. Cavalry Management Group LLC now owns 4,600 shares of the utilities provider’s stock worth $341,000 after acquiring an additional 617 shares during the period. Finally, Jackson Wealth Management LLC raised its holdings in NextEra Energy by 3.9% in the 3rd quarter. Jackson Wealth Management LLC now owns 103,366 shares of the utilities provider’s stock worth $5,922,000 after purchasing an additional 3,926 shares during the period. Institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on NEE. Citigroup began coverage on shares of NextEra Energy in a research note on Friday, December 8th. They set a “buy” rating and a $69.00 target price on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $74.00 price objective on shares of NextEra Energy in a report on Tuesday, January 30th. BMO Capital Markets upped their target price on shares of NextEra Energy from $76.00 to $77.00 and gave the stock an “outperform” rating in a research report on Monday, March 18th. StockNews.com lowered NextEra Energy from a “hold” rating to a “sell” rating in a research report on Monday, February 19th. Finally, Mizuho reissued a “buy” rating and issued a $67.00 target price (up from $65.00) on shares of NextEra Energy in a report on Friday, March 15th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.46.

Read Our Latest Stock Report on NEE

NextEra Energy Price Performance

Shares of NEE stock traded down $0.16 on Wednesday, reaching $62.72. 2,369,972 shares of the company were exchanged, compared to its average volume of 11,902,498. NextEra Energy, Inc. has a 1 year low of $47.15 and a 1 year high of $79.78. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.47 and a current ratio of 0.55. The business has a 50-day moving average price of $58.33 and a 200 day moving average price of $58.42. The company has a market cap of $128.73 billion, a price-to-earnings ratio of 17.42, a P/E/G ratio of 2.25 and a beta of 0.51.

NextEra Energy (NYSE:NEEGet Free Report) last issued its quarterly earnings results on Thursday, January 25th. The utilities provider reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. The firm had revenue of $6.88 billion during the quarter, compared to analysts’ expectations of $5.72 billion. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. During the same period in the previous year, the business earned $0.51 earnings per share. Equities research analysts forecast that NextEra Energy, Inc. will post 3.44 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. Stockholders of record on Tuesday, February 27th were paid 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 3.28%. The ex-dividend date was Monday, February 26th. NextEra Energy’s dividend payout ratio (DPR) is currently 57.06%.

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.

See Also

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

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