NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Measured Wealth Private Client Group LLC

Measured Wealth Private Client Group LLC reduced its stake in NextEra Energy, Inc. (NYSE:NEE) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,091 shares of the utilities provider’s stock after selling 193 shares during the period. Measured Wealth Private Client Group LLC’s holdings in NextEra Energy were worth $370,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. FourThought Financial Partners LLC lifted its stake in shares of NextEra Energy by 0.3% in the 4th quarter. FourThought Financial Partners LLC now owns 240,540 shares of the utilities provider’s stock worth $14,610,000 after acquiring an additional 801 shares during the period. TCG Advisory Services LLC raised its holdings in shares of NextEra Energy by 54.7% in the 4th quarter. TCG Advisory Services LLC now owns 70,176 shares of the utilities provider’s stock worth $4,262,000 after purchasing an additional 24,828 shares in the last quarter. Vestmark Advisory Solutions Inc. raised its holdings in shares of NextEra Energy by 12.2% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 33,852 shares of the utilities provider’s stock worth $2,056,000 after purchasing an additional 3,676 shares in the last quarter. Royal Fund Management LLC raised its holdings in shares of NextEra Energy by 28.5% in the 4th quarter. Royal Fund Management LLC now owns 14,618 shares of the utilities provider’s stock worth $888,000 after purchasing an additional 3,245 shares in the last quarter. Finally, AJOVista LLC bought a new stake in shares of NextEra Energy in the 4th quarter worth approximately $162,000. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Stock Up 1.9 %

NextEra Energy stock traded up $1.29 during trading hours on Friday, hitting $70.14. The company had a trading volume of 12,687,503 shares, compared to its average volume of 11,442,457. The firm has a market capitalization of $144.10 billion, a P/E ratio of 19.11, a price-to-earnings-growth ratio of 2.53 and a beta of 0.50. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.43. The firm’s fifty day moving average is $62.00 and its 200-day moving average is $59.58. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $78.53.

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

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were given a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 2.94%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date was Monday, February 26th. NextEra Energy’s payout ratio is currently 56.13%.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $74.00 target price on shares of NextEra Energy in a report on Tuesday, January 30th. Scotiabank boosted 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, April 22nd. Mizuho boosted their price target on shares of NextEra Energy from $67.00 to $71.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Guggenheim boosted their price target on shares of NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a report on Monday, January 22nd. Finally, StockNews.com upgraded shares of NextEra Energy from a “sell” rating to a “hold” rating in a report on Thursday. 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 company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $71.50.

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.