NextEra Energy, Inc. (NYSE:NEE) Stock Holdings Trimmed by Private Wealth Partners LLC

Private Wealth Partners LLC cut its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,810 shares of the utilities provider’s stock after selling 934 shares during the quarter. Private Wealth Partners LLC’s holdings in NextEra Energy were worth $1,628,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in NEE. Vanguard Group Inc. grew its holdings in shares of NextEra Energy by 1.0% during the 3rd 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. Northern Trust Corp raised its position in NextEra Energy by 2.0% in the third quarter. Northern Trust Corp now owns 22,982,250 shares of the utilities provider’s stock worth $1,316,653,000 after purchasing an additional 455,271 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in NextEra Energy by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 10,352,695 shares of the utilities provider’s stock worth $593,106,000 after buying an additional 148,674 shares during the last quarter. California Public Employees Retirement System grew its stake in shares of NextEra Energy by 2.4% during the third quarter. California Public Employees Retirement System now owns 9,026,464 shares of the utilities provider’s stock valued at $517,126,000 after purchasing an additional 209,584 shares during the last quarter. Finally, Nordea Investment Management AB boosted its stake 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 during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Down 1.4 %

Shares of NYSE NEE traded down $0.91 during midday trading on Friday, hitting $65.99. The stock had a trading volume of 9,982,762 shares, compared to its average volume of 10,921,297. The company has a market cap of $135.58 billion, a P/E ratio of 17.98, a PEG ratio of 2.43 and a beta of 0.51. The business’s 50 day moving average is $60.85 and its 200-day moving average is $59.11. NextEra Energy, Inc. has a 52 week low of $47.15 and a 52 week high of $78.53. The company has a quick ratio of 0.47, a current ratio of 0.51 and a debt-to-equity ratio of 1.12.

NextEra Energy (NYSE:NEE) last posted its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share 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 net margin of 27.62% and a return on equity of 11.72%. NextEra Energy’s quarterly revenue was down 14.7% on a year-over-year basis. During the same period last year, the company posted $0.84 earnings per share. As a group, analysts predict that NextEra Energy, Inc. will post 3.4 EPS 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 dividend of $0.515 per share. 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. This represents a $2.06 dividend on an annualized basis and a yield of 3.12%. NextEra Energy’s dividend payout ratio (DPR) is 56.13%.

Analyst Ratings Changes

NEE has been the topic of a number of research analyst reports. Bank of America raised their price objective on shares of NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, April 23rd. StockNews.com raised shares of NextEra Energy from a “sell” rating to a “hold” rating in a research report on Monday, April 22nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $74.00 target price on shares of NextEra Energy in a report on Tuesday, January 30th. Wells Fargo & Company lifted their target price on shares of NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, March 19th. Finally, Scotiabank lifted their price objective on shares of NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a research note on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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.