NextEra Energy, Inc. (NYSE:NEE) Stake Lessened by Tilt Investment Management Holdings PBC

Tilt Investment Management Holdings PBC lessened its holdings in NextEra Energy, Inc. (NYSE:NEE) by 20.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,403 shares of the utilities provider’s stock after selling 2,186 shares during the period. Tilt Investment Management Holdings PBC’s holdings in NextEra Energy were worth $510,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of NEE. BOK Financial Private Wealth Inc. purchased a new position in NextEra Energy during the 4th quarter valued at about $29,000. Alaska Permanent Fund Corp boosted its holdings in shares of NextEra Energy by 59.8% during the third quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 208 shares during the period. Coppell Advisory Solutions LLC acquired a new stake in shares of NextEra Energy during the second quarter worth approximately $32,000. Valued Wealth Advisors LLC purchased a new position in NextEra Energy during the fourth quarter valued at approximately $34,000. Finally, Rakuten Securities Inc. acquired a new position in NextEra Energy in the 4th quarter valued at approximately $34,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada reissued an “outperform” rating and set a $74.00 target price on shares of NextEra Energy in a research note on Tuesday, January 30th. Guggenheim boosted their target price on NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, January 22nd. Barclays started coverage on NextEra Energy in a report on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 price target for the company. Wells Fargo & Company raised their price objective on shares of NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, March 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 research report on Friday, March 15th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $71.36.

NextEra Energy Stock Performance

NEE traded up $0.39 during trading on Thursday, hitting $64.18. The stock had a trading volume of 6,375,735 shares, compared to its average volume of 11,798,856. The firm has a market cap of $131.72 billion, a PE ratio of 17.72, a P/E/G ratio of 2.22 and a beta of 0.51. The company has a current ratio of 0.55, a quick ratio of 0.47 and a debt-to-equity ratio of 1.06. NextEra Energy, Inc. has a 12 month low of $47.15 and a 12 month high of $79.78. The company has a 50 day simple moving average of $59.58 and a 200-day simple moving average of $58.39.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Thursday, January 25th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. The company had revenue of $6.88 billion for the quarter, compared to the consensus estimate of $5.72 billion. During the same period last year, the business posted $0.51 earnings per share. Analysts expect that NextEra Energy, Inc. will post 3.4 EPS for the current 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 $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 yield of 3.21%. The ex-dividend date was Monday, February 26th. NextEra Energy’s payout ratio is currently 57.06%.

NextEra Energy 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.