Court Place Advisors LLC Sells 250 Shares of NextEra Energy, Inc. (NYSE:NEE)

Court Place Advisors LLC lessened its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,045 shares of the utilities provider’s stock after selling 250 shares during the period. Court Place Advisors LLC’s holdings in NextEra Energy were worth $1,218,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Avitas Wealth Management LLC raised its holdings in shares of NextEra Energy by 2.9% during the 4th quarter. Avitas Wealth Management LLC now owns 37,843 shares of the utilities provider’s stock worth $2,299,000 after buying an additional 1,057 shares in the last quarter. Stiles Financial Services Inc raised its holdings in shares of NextEra Energy by 9.0% during the 4th quarter. Stiles Financial Services Inc now owns 35,180 shares of the utilities provider’s stock worth $2,137,000 after buying an additional 2,899 shares in the last quarter. Skandinaviska Enskilda Banken AB publ raised its holdings in shares of NextEra Energy by 1.7% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 383,932 shares of the utilities provider’s stock worth $21,995,000 after buying an additional 6,325 shares in the last quarter. Asio Capital LLC acquired a new position in shares of NextEra Energy during the 4th quarter worth $2,701,000. Finally, Robertson Stephens Wealth Management LLC raised its holdings in shares of NextEra Energy by 7.3% during the 3rd quarter. Robertson Stephens Wealth Management LLC now owns 17,714 shares of the utilities provider’s stock worth $1,015,000 after buying an additional 1,211 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Up 3.4 %

Shares of NextEra Energy stock traded up $2.09 on Wednesday, hitting $63.79. 15,597,866 shares of the company’s stock traded hands, compared to its average volume of 11,874,226. NextEra Energy, Inc. has a one year low of $47.15 and a one year high of $79.78. 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 company has a fifty day moving average of $59.43 and a two-hundred day moving average of $58.35. The company has a market capitalization of $130.92 billion, a price-to-earnings ratio of 17.09, a price-to-earnings-growth ratio of 2.26 and a beta of 0.51.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Thursday, January 25th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.03. The business had revenue of $6.88 billion for the quarter, compared to analyst estimates of $5.72 billion. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. During the same quarter in the prior year, the company earned $0.51 earnings per share. As a group, sell-side analysts expect 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. Shareholders of record on Tuesday, February 27th were issued a $0.515 dividend. The ex-dividend date was Monday, February 26th. This represents a $2.06 annualized dividend and a yield of 3.23%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s dividend payout ratio is presently 57.06%.

Analyst Ratings Changes

A number of equities analysts have recently commented on NEE shares. 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. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $74.00 target price on shares of NextEra Energy in a report on Tuesday, January 30th. BMO Capital Markets lowered their target price on NextEra Energy from $77.00 to $68.00 and set an “outperform” rating for the company in a report on Tuesday. Wells Fargo & Company upped their target price on NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, March 19th. Finally, Guggenheim upped their target price on NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company currently 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.