J.Safra Asset Management Corp Lowers Stock Position in NextEra Energy, Inc. (NYSE:NEE)

J.Safra Asset Management Corp trimmed its position in NextEra Energy, Inc. (NYSE:NEE) by 8.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,761 shares of the utilities provider’s stock after selling 338 shares during the quarter. J.Safra Asset Management Corp’s holdings in NextEra Energy were worth $228,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. bought a new stake in shares of NextEra Energy during the 4th quarter valued at $29,000. Alaska Permanent Fund Corp raised its holdings in NextEra Energy by 59.8% during the third quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 208 shares during the period. Valued Wealth Advisors LLC purchased a new position in shares of NextEra Energy in the fourth quarter valued at about $34,000. Rakuten Securities Inc. bought a new position in shares of NextEra Energy in the fourth quarter worth about $34,000. Finally, HBC Financial Services PLLC purchased a new stake in shares of NextEra Energy during the fourth quarter worth about $36,000. Institutional investors own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

NEE has been the subject of several recent analyst reports. Guggenheim upped their price target on NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, January 22nd. Morgan Stanley upped their target price on shares of NextEra Energy from $77.00 to $79.00 and gave the stock an “overweight” rating in a research report on Monday. Wells Fargo & Company boosted their price target on shares of NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 19th. Barclays assumed coverage on NextEra Energy in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 price objective for the company. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $74.00 price target on shares of NextEra Energy in a research note on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $71.50.

NextEra Energy Trading Up 0.5 %

NYSE NEE traded up $0.34 on Thursday, hitting $66.90. 11,369,761 shares of the stock were exchanged, compared to its average volume of 11,936,405. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.47 and a current ratio of 0.51. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $78.53. The firm has a market capitalization of $137.31 billion, a P/E ratio of 18.23, a P/E/G ratio of 2.38 and a beta of 0.51. The stock has a fifty day moving average price of $60.67 and a two-hundred day moving average price of $58.94.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The firm had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $6.28 billion. During the same period in the previous year, the company earned $0.84 EPS. The firm’s revenue for the quarter was down 14.7% compared to the same quarter last year. Research analysts forecast that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The firm 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 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 dividend yield of 3.08%. The ex-dividend date of this dividend was Monday, February 26th. NextEra Energy’s dividend payout ratio (DPR) is currently 56.13%.

About NextEra Energy

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.