Weatherly Asset Management L. P. Trims Position in NextEra Energy, Inc. (NYSE:NEE)

Weatherly Asset Management L. P. trimmed its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,751 shares of the utilities provider’s stock after selling 1,526 shares during the period. Weatherly Asset Management L. P.’s holdings in NextEra Energy were worth $4,115,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NEE. Douglas Lane & Associates LLC grew its holdings in NextEra Energy by 16.7% during the 3rd quarter. Douglas Lane & Associates LLC now owns 10,866 shares of the utilities provider’s stock worth $623,000 after acquiring an additional 1,551 shares in the last quarter. Ziegler Capital Management LLC grew its holdings in NextEra Energy by 3.1% during the 3rd quarter. Ziegler Capital Management LLC now owns 128,364 shares of the utilities provider’s stock worth $7,354,000 after acquiring an additional 3,817 shares in the last quarter. Capital Investment Advisors LLC grew its holdings in NextEra Energy by 56.9% during the 3rd quarter. Capital Investment Advisors LLC now owns 76,066 shares of the utilities provider’s stock worth $4,358,000 after acquiring an additional 27,592 shares in the last quarter. Flagship Harbor Advisors LLC grew its holdings in NextEra Energy by 8.8% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 31,701 shares of the utilities provider’s stock worth $1,816,000 after acquiring an additional 2,570 shares in the last quarter. Finally, DAVENPORT & Co LLC boosted its holdings in shares of NextEra Energy by 17.7% in the 3rd quarter. DAVENPORT & Co LLC now owns 1,468,340 shares of the utilities provider’s stock valued at $84,049,000 after buying an additional 221,310 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Stock Performance

NEE traded up $0.87 during trading on Tuesday, reaching $66.18. 14,348,517 shares of the company’s stock were exchanged, compared to its average volume of 11,940,309. NextEra Energy, Inc. has a 1 year low of $47.15 and a 1 year high of $79.25. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.55 and a quick ratio of 0.47. The stock has a market capitalization of $135.83 billion, a P/E ratio of 18.34, a price-to-earnings-growth ratio of 2.31 and a beta of 0.51. The company’s fifty day simple moving average is $60.04 and its 200-day simple moving average is $58.72.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. The company had revenue of $5.73 billion during the quarter, compared to analyst estimates of $6.28 billion. During the same period last year, the firm posted $0.84 EPS. NextEra Energy’s revenue for the quarter was down 14.7% compared to the same quarter last year. As a group, research analysts predict that NextEra Energy, Inc. will post 3.4 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. Shareholders of record on Tuesday, February 27th were given a dividend of $0.515 per share. The ex-dividend date was Monday, February 26th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 dividend on an annualized basis and a yield of 3.11%. NextEra Energy’s dividend payout ratio (DPR) is currently 57.06%.

Analyst Upgrades and Downgrades

NEE has been the topic of a number of recent analyst reports. Barclays initiated coverage on shares of NextEra Energy in a report on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 price target on the stock. BMO Capital Markets lowered their price target on shares of NextEra Energy from $77.00 to $68.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. Mizuho restated a “buy” rating and issued a $67.00 price target (up from $65.00) on shares of NextEra Energy in a report on Friday, March 15th. Scotiabank raised their price target on shares of NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a report on Monday. Finally, Morgan Stanley raised their price target on shares of NextEra Energy from $77.00 to $79.00 and gave the company an “overweight” rating in a report on Monday. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $70.93.

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.