Outlook Wealth Advisors LLC Trims Position in NextEra Energy, Inc. (NYSE:NEE)

Outlook Wealth Advisors LLC lowered its holdings in NextEra Energy, Inc. (NYSE:NEE) by 26.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,395 shares of the utilities provider’s stock after selling 3,080 shares during the period. Outlook Wealth Advisors LLC’s holdings in NextEra Energy were worth $536,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Clear Investment Research LLC grew its stake in shares of NextEra Energy by 387.2% during the 4th quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock valued at $28,000 after buying an additional 364 shares during the period. BOK Financial Private Wealth Inc. purchased a new stake in NextEra Energy during the fourth quarter valued at about $29,000. Alaska Permanent Fund Corp increased its stake in NextEra Energy by 59.8% during the third quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock worth $32,000 after acquiring an additional 208 shares during the last quarter. Stuart Chaussee & Associates Inc. raised its holdings in shares of NextEra Energy by 315.4% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 410 shares during the period. Finally, Valued Wealth Advisors LLC acquired a new position in shares of NextEra Energy in the 4th quarter valued at about $34,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Mizuho increased their target price on shares of NextEra Energy from $67.00 to $71.00 and gave the stock a “buy” rating in a research report on Wednesday. Morgan Stanley raised their target price on shares of NextEra Energy from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Scotiabank lifted their target price 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. StockNews.com upgraded NextEra Energy from a “sell” rating to a “hold” rating in a report on Monday, April 22nd. Finally, 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 note on Tuesday, March 19th. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $71.50.

NextEra Energy Stock Down 1.4 %

NEE traded down $0.91 during trading on Friday, hitting $65.99. The company had a trading volume of 9,982,762 shares, compared to its average volume of 10,921,297. The company has a market cap of $135.58 billion, a PE ratio of 17.99, a P/E/G ratio of 2.46 and a beta of 0.51. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.47. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $78.53. The business has a 50-day moving average of $60.85 and a 200-day moving average of $59.06.

NextEra Energy (NYSE:NEE) last issued its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. The business had revenue of $5.73 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.84 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. Stockholders of record on Tuesday, February 27th were issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.12%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Monday, February 26th. NextEra Energy’s payout ratio 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.