Imprint Wealth LLC Has $1.21 Million Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Imprint Wealth LLC lessened its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.9% during the 4th quarter, HoldingsChannel reports. The fund owned 19,995 shares of the utilities provider’s stock after selling 816 shares during the quarter. Imprint Wealth LLC’s holdings in NextEra Energy were worth $1,214,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. BOK Financial Private Wealth Inc. acquired a new position in NextEra Energy during the 4th quarter valued at about $29,000. Alaska Permanent Fund Corp lifted its stake in shares of NextEra Energy by 59.8% in the 3rd 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. Coppell Advisory Solutions LLC bought a new position in shares of NextEra Energy in the 2nd quarter worth $32,000. Valued Wealth Advisors LLC acquired a new stake in shares of NextEra Energy during the fourth quarter worth $34,000. Finally, HBC Financial Services PLLC bought a new stake in NextEra Energy in the fourth quarter valued at about $36,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Down 1.4 %

Shares of NextEra Energy stock traded down $0.86 during trading on Tuesday, reaching $61.89. The stock had a trading volume of 3,351,339 shares, compared to its average volume of 11,702,953. The company has a current ratio of 0.55, a quick ratio of 0.47 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $127.02 billion, a price-to-earnings ratio of 17.10, a P/E/G ratio of 2.27 and a beta of 0.51. The stock has a fifty day moving average price of $59.32 and a two-hundred day moving average price of $58.32. NextEra Energy, Inc. has a 52 week low of $47.15 and a 52 week high of $79.78.

NextEra Energy (NYSE:NEE) last released its earnings results on Thursday, January 25th. The utilities provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.49 by $0.03. The firm had revenue of $6.88 billion for the quarter, compared to analysts’ expectations of $5.72 billion. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. During the same quarter in the previous year, the business posted $0.51 EPS. Sell-side analysts predict that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were given a $0.515 dividend. 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 3.33%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s dividend payout ratio (DPR) is 57.06%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Guggenheim boosted their target price on NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, January 22nd. Mizuho restated a “buy” rating and set a $67.00 price objective (up previously from $65.00) on shares of NextEra Energy in a report on Friday, March 15th. StockNews.com lowered shares of NextEra Energy from a “hold” rating to a “sell” rating in a report on Monday, February 19th. Royal Bank of Canada reissued an “outperform” rating and set a $74.00 price target on shares of NextEra Energy in a research report on Tuesday, January 30th. Finally, BMO Capital Markets lowered their price objective on shares of NextEra Energy from $77.00 to $68.00 and set an “outperform” rating for the company in a research report on Tuesday. Two analysts have rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, NextEra Energy has an average rating of “Moderate Buy” and a consensus target price of $71.36.

NextEra Energy Profile

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.