Little House Capital LLC Trims Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Little House Capital LLC lowered its holdings in NextEra Energy, Inc. (NYSE:NEE) by 82.4% in the fourth quarter, HoldingsChannel reports. The firm owned 5,017 shares of the utilities provider’s stock after selling 23,544 shares during the period. Little House Capital LLC’s holdings in NextEra Energy were worth $305,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Legacy Capital Wealth Partners LLC boosted its holdings in NextEra Energy by 11.7% in the fourth quarter. Legacy Capital Wealth Partners LLC now owns 5,208 shares of the utilities provider’s stock valued at $316,000 after purchasing an additional 545 shares during the last quarter. Paradigm Financial Partners LLC boosted its holdings in NextEra Energy by 32.4% in the fourth quarter. Paradigm Financial Partners LLC now owns 63,457 shares of the utilities provider’s stock valued at $3,854,000 after purchasing an additional 15,520 shares during the last quarter. Stonebrook Private Inc. purchased a new position in NextEra Energy in the fourth quarter valued at about $215,000. PGGM Investments boosted its holdings in NextEra Energy by 31.2% in the fourth quarter. PGGM Investments now owns 578,550 shares of the utilities provider’s stock valued at $35,141,000 after purchasing an additional 137,728 shares during the last quarter. Finally, Transcend Capital Advisors LLC boosted its holdings in NextEra Energy by 6.4% in the fourth quarter. Transcend Capital Advisors LLC now owns 38,343 shares of the utilities provider’s stock valued at $2,329,000 after purchasing an additional 2,291 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Guggenheim increased their price target on NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a report on Monday, January 22nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $74.00 target price on shares of NextEra Energy in a report on Tuesday, January 30th. StockNews.com raised NextEra Energy from a “sell” rating to a “hold” rating in a report on Monday, April 22nd. Barclays started 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. Finally, BMO Capital Markets increased their target price on NextEra Energy from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $71.50.

NextEra Energy Stock Performance

NEE traded down $0.91 during trading hours on Friday, hitting $65.99. The company’s stock had a trading volume of 9,982,762 shares, compared to its average volume of 10,921,297. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $78.53. The company has a current ratio of 0.51, a quick ratio of 0.47 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $135.58 billion, a PE ratio of 17.98, a PEG ratio of 2.43 and a beta of 0.51. The company has a 50-day simple moving average of $60.85 and a 200 day simple moving average of $59.11.

NextEra Energy (NYSE:NEE) last posted its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, beating the consensus estimate of $0.80 by $0.11. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The firm had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $6.28 billion. During the same period last year, the firm earned $0.84 EPS. The firm’s revenue was down 14.7% compared to the same quarter last year. As a group, sell-side analysts expect that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were given a dividend of $0.515 per share. The ex-dividend date of this dividend was Monday, February 26th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 annualized dividend and a dividend yield of 3.12%. NextEra Energy’s dividend payout ratio (DPR) is 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.