NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Corbyn Investment Management Inc. MD

Corbyn Investment Management Inc. MD lessened its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 60,203 shares of the utilities provider’s stock after selling 978 shares during the quarter. NextEra Energy comprises about 1.7% of Corbyn Investment Management Inc. MD’s holdings, making the stock its 22nd biggest holding. Corbyn Investment Management Inc. MD’s holdings in NextEra Energy were worth $3,657,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in NEE. Mizuho Markets Americas LLC acquired a new stake in NextEra Energy in the third quarter valued at approximately $141,817,000. Nordea Investment Management AB raised its holdings in NextEra Energy by 59.1% in the third quarter. Nordea Investment Management AB now owns 5,784,080 shares of the utilities provider’s stock valued at $337,096,000 after acquiring an additional 2,148,205 shares in the last quarter. International Assets Investment Management LLC raised its holdings in NextEra Energy by 7,999.6% in the fourth quarter. International Assets Investment Management LLC now owns 2,173,459 shares of the utilities provider’s stock valued at $132,016,000 after acquiring an additional 2,146,625 shares in the last quarter. Vanguard Group Inc. raised its holdings in NextEra Energy by 1.0% in the third quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock valued at $11,368,065,000 after acquiring an additional 1,956,153 shares in the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc acquired a new stake in NextEra Energy in the fourth quarter valued at approximately $94,883,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on NEE shares. 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 research note on Monday, January 22nd. Royal Bank of Canada restated an “outperform” rating and set a $74.00 target price on shares of NextEra Energy in a research report on Tuesday, January 30th. Bank of America raised their target price on shares of NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday. Morgan Stanley lifted 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. Finally, Mizuho lifted their price objective on shares of NextEra Energy from $67.00 to $71.00 and gave the company a “buy” rating in a research report on Wednesday. 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $71.50.

NextEra Energy Trading Down 1.3 %

NEE traded down $0.84 during midday trading on Friday, hitting $66.06. The company’s stock had a trading volume of 4,021,985 shares, compared to its average volume of 11,835,740. The company has a current ratio of 0.51, a quick ratio of 0.47 and a debt-to-equity ratio of 1.12. The firm has a market cap of $135.72 billion, a P/E ratio of 18.23, a PEG ratio of 2.45 and a beta of 0.51. The firm has a 50-day moving average price of $60.67 and a two-hundred day moving average price of $58.94. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $78.53.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, beating the consensus estimate of $0.80 by $0.11. The company had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $6.28 billion. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The firm’s revenue was down 14.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.84 EPS. On average, research analysts anticipate that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.12%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date was Monday, February 26th. NextEra Energy’s dividend payout ratio is presently 56.13%.

NextEra Energy Company 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.