Campbell Wealth Management Sells 796 Shares of NextEra Energy, Inc. (NYSE:NEE)

Campbell Wealth Management reduced its stake in shares of NextEra Energy, Inc. (NYSE:NEEFree Report) by 8.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,338 shares of the utilities provider’s stock after selling 796 shares during the quarter. NextEra Energy accounts for approximately 0.1% of Campbell Wealth Management’s portfolio, making the stock its 28th largest holding. Campbell Wealth Management’s holdings in NextEra Energy were worth $506,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of NEE. BOK Financial Private Wealth Inc. bought a new position in NextEra Energy during the 4th quarter worth approximately $29,000. Alaska Permanent Fund Corp boosted its stake in shares of NextEra Energy by 59.8% during the third quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 208 shares during the period. Stuart Chaussee & Associates Inc. grew its holdings in shares of NextEra Energy by 315.4% in the fourth 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 last quarter. Valued Wealth Advisors LLC purchased a new position in shares of NextEra Energy in the fourth quarter worth $34,000. Finally, Rakuten Securities Inc. purchased a new position in shares of NextEra Energy in the fourth quarter worth $34,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Up 1.1 %

Shares of NYSE NEE traded up $0.84 on Tuesday, reaching $75.42. 8,103,298 shares of the company’s stock traded hands, compared to its average volume of 11,875,911. The business’s 50 day simple moving average is $64.16 and its two-hundred day simple moving average is $60.47. NextEra Energy, Inc. has a 12 month low of $47.15 and a 12 month high of $78.53. The company has a market cap of $154.95 billion, a price-to-earnings ratio of 20.55, a price-to-earnings-growth ratio of 2.72 and a beta of 0.50. The company has a quick ratio of 0.43, a current ratio of 0.51 and a debt-to-equity ratio of 1.12.

NextEra Energy (NYSE:NEEGet Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The company had revenue of $5.73 billion during the quarter, compared to analyst estimates of $6.28 billion. During the same quarter last year, the company earned $0.84 EPS. The firm’s revenue for the quarter was down 14.7% on a year-over-year basis. As a group, equities research analysts forecast that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently disclosed 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. This represents a $2.06 annualized dividend and a yield of 2.73%. 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 dividend payout ratio is 56.13%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Morgan Stanley boosted their price objective on shares of NextEra Energy from $77.00 to $79.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. BMO Capital Markets upped their price target on NextEra Energy from $72.00 to $78.00 and gave the company an “outperform” rating in a research report on Tuesday, May 7th. Barclays began coverage on NextEra Energy in a research report on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 price objective on the stock. Bank of America boosted their target price on NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, April 23rd. Finally, Mizuho raised their price target on NextEra Energy from $67.00 to $71.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $71.93.

View Our Latest Research Report on NextEra Energy

NextEra Energy Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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