EP Wealth Advisors LLC Decreases Stake in NextEra Energy, Inc. (NYSE:NEE)

EP Wealth Advisors LLC trimmed its holdings in shares of NextEra Energy, Inc. (NYSE:NEEFree Report) by 1.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,194,767 shares of the utilities provider’s stock after selling 22,140 shares during the quarter. NextEra Energy accounts for approximately 0.9% of EP Wealth Advisors LLC’s portfolio, making the stock its 25th biggest position. EP Wealth Advisors LLC’s holdings in NextEra Energy were worth $72,570,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NEE. Clear Investment Research LLC grew its position in NextEra Energy by 387.2% in the 4th quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 364 shares in the last quarter. BOK Financial Private Wealth Inc. purchased a new stake in NextEra Energy during the fourth quarter worth approximately $29,000. Stuart Chaussee & Associates Inc. lifted its stake in NextEra Energy by 315.4% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock valued at $33,000 after buying an additional 410 shares during the last quarter. Valued Wealth Advisors LLC purchased a new stake in NextEra Energy in the fourth quarter valued at approximately $34,000. Finally, Rakuten Securities Inc. acquired a new position in shares of NextEra Energy in the fourth quarter valued at approximately $34,000. 78.72% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. StockNews.com upgraded NextEra Energy from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Morgan Stanley increased their price objective on NextEra Energy from $79.00 to $83.00 and gave the company an “overweight” rating in a research note on Tuesday, May 28th. Scotiabank raised their price target on NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a research note on Monday, April 22nd. Royal Bank of Canada lifted their price objective on NextEra Energy from $74.00 to $84.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Barclays dropped their target price on NextEra Energy from $74.00 to $73.00 and set an “equal weight” rating on the stock in a report on Thursday. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, NextEra Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $74.86.

View Our Latest Analysis on NextEra Energy

NextEra Energy Price Performance

NYSE NEE traded down $0.12 during trading hours on Friday, reaching $73.06. 6,568,564 shares of the company’s stock were exchanged, compared to its average volume of 10,656,510. The stock has a market cap of $150.10 billion, a PE ratio of 19.91, a price-to-earnings-growth ratio of 2.68 and a beta of 0.56. NextEra Energy, Inc. has a one year low of $47.15 and a one year high of $80.47. The firm has a fifty day moving average of $71.54 and a 200-day moving average of $63.59. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.12.

NextEra Energy (NYSE:NEEGet Free Report) last released its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, topping 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 return on equity of 11.72% and a net margin of 27.62%. NextEra Energy’s revenue for the quarter was down 14.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.84 EPS. On average, equities research analysts predict that NextEra Energy, Inc. will post 3.39 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be given a $0.515 dividend. The ex-dividend date is Monday, June 3rd. This represents a $2.06 dividend on an annualized basis and a yield of 2.82%. NextEra Energy’s payout ratio is 56.13%.

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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