NextEra Energy, Inc. (NYSE:NEE) Shares Sold by NTV Asset Management LLC

NTV Asset Management LLC lessened its stake in NextEra Energy, Inc. (NYSE:NEE) by 40.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,158 shares of the utilities provider’s stock after selling 4,800 shares during the period. NTV Asset Management LLC’s holdings in NextEra Energy were worth $435,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NEE. BOK Financial Private Wealth Inc. purchased a new stake in shares of NextEra Energy during the fourth quarter worth approximately $29,000. Alaska Permanent Fund Corp raised its position in NextEra Energy by 59.8% during the 3rd quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock worth $32,000 after buying an additional 208 shares during the last quarter. Stuart Chaussee & Associates Inc. lifted its stake 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 acquiring an additional 410 shares during the period. Valued Wealth Advisors LLC purchased a new stake in shares of NextEra Energy in the fourth quarter valued at about $34,000. Finally, Rakuten Securities Inc. acquired a new position in shares of NextEra Energy during the fourth quarter worth about $34,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Price Performance

NEE stock traded up $1.29 on Friday, reaching $70.14. The company had a trading volume of 12,687,503 shares, compared to its average volume of 11,442,457. The company’s fifty day moving average is $62.00 and its 200 day moving average is $59.66. The company has a market cap of $144.10 billion, a P/E ratio of 19.11, a PEG ratio of 2.58 and a beta of 0.50. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.43 and a current ratio of 0.51. NextEra Energy, Inc. has a 1 year low of $47.15 and a 1 year high of $78.53.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (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 business had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $6.28 billion. During the same period in the prior year, the business earned $0.84 earnings per share. The business’s revenue was down 14.7% on a year-over-year basis. 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 company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors 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 represents a $2.06 dividend on an annualized basis and a yield of 2.94%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s dividend payout ratio (DPR) is 56.13%.

Analyst Ratings Changes

A number of equities research analysts recently commented on NEE shares. Barclays assumed coverage on shares of NextEra Energy in a research report on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 price objective for the company. Morgan Stanley upped their price objective on NextEra Energy from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Royal Bank of Canada reissued 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 boosted their target price on shares of NextEra Energy from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. Finally, Guggenheim increased 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, NextEra Energy presently has an average rating of “Moderate Buy” and an average target price of $71.50.

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.