Castle Wealth Management LLC Sells 318 Shares of NextEra Energy, Inc. (NYSE:NEE)

Castle Wealth Management LLC lessened its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,060 shares of the utilities provider’s stock after selling 318 shares during the period. Castle Wealth Management LLC’s holdings in NextEra Energy were worth $733,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of NEE. United Bank increased its stake in shares of NextEra Energy by 9.8% in the 1st quarter. United Bank now owns 9,966 shares of the utilities provider’s stock valued at $844,000 after purchasing an additional 891 shares during the last quarter. LSV Asset Management grew its position in NextEra Energy by 9.2% during the 1st quarter. LSV Asset Management now owns 32,180 shares of the utilities provider’s stock worth $2,726,000 after acquiring an additional 2,700 shares during the last quarter. Brown Brothers Harriman & Co. grew its position in NextEra Energy by 11.2% during the 1st quarter. Brown Brothers Harriman & Co. now owns 15,731 shares of the utilities provider’s stock worth $1,333,000 after acquiring an additional 1,587 shares during the last quarter. Covestor Ltd grew its position in NextEra Energy by 59.1% during the 1st quarter. Covestor Ltd now owns 878 shares of the utilities provider’s stock worth $74,000 after acquiring an additional 326 shares during the last quarter. Finally, Ergoteles LLC bought a new stake in NextEra Energy during the 1st quarter worth $793,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Up 0.5 %

Shares of NYSE:NEE traded up $0.30 during midday trading on Friday, reaching $64.31. The company’s stock had a trading volume of 13,418,835 shares, compared to its average volume of 11,871,479. The firm has a market capitalization of $131.99 billion, a price-to-earnings ratio of 17.81, a PEG ratio of 2.29 and a beta of 0.51. 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 firm has a 50 day moving average price of $59.89 and a two-hundred day moving average price of $58.51. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $79.78.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Thursday, January 25th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $6.88 billion for the quarter, compared to the consensus estimate 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 EPS. As a group, analysts forecast that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were paid a dividend of $0.515 per share. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date was Monday, February 26th. NextEra Energy’s dividend payout ratio is 57.06%.

Analysts Set New Price Targets

NEE has been the topic of a number of research reports. BMO Capital Markets reduced their price objective on NextEra Energy from $77.00 to $68.00 and set an “outperform” rating on the stock in a research report on Tuesday. Wells Fargo & Company boosted their price objective on NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 19th. Barclays initiated coverage on NextEra Energy in a report on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 target price on the stock. StockNews.com downgraded NextEra Energy from a “hold” rating to a “sell” rating in a report on Monday, February 19th. Finally, Mizuho reaffirmed a “buy” rating and set 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, two have assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $71.36.

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.