NextEra Energy, Inc. (NYSE:NEE) Stake Lessened by Ingalls & Snyder LLC

Ingalls & Snyder LLC cut its stake in NextEra Energy, Inc. (NYSE:NEE) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,971 shares of the utilities provider’s stock after selling 871 shares during the period. Ingalls & Snyder LLC’s holdings in NextEra Energy were worth $4,007,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Coppell Advisory Solutions LLC bought a new stake in NextEra Energy during the second quarter worth approximately $32,000. Country Trust Bank boosted its holdings in NextEra Energy by 975.6% during the third quarter. Country Trust Bank now owns 441 shares of the utilities provider’s stock worth $25,000 after buying an additional 400 shares in the last quarter. GeoWealth Management LLC boosted its holdings in NextEra Energy by 124.1% during the first quarter. GeoWealth Management LLC now owns 549 shares of the utilities provider’s stock worth $42,000 after buying an additional 304 shares in the last quarter. Alaska Permanent Fund Corp boosted its holdings in NextEra Energy by 59.8% during the third quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock worth $32,000 after buying an additional 208 shares in the last quarter. Finally, Valued Wealth Advisors LLC bought a new stake in NextEra Energy during the fourth quarter worth approximately $34,000. 78.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on NEE shares. BMO Capital Markets raised their target price on shares of NextEra Energy from $76.00 to $77.00 and gave the stock an “outperform” rating in a report on Monday, March 18th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $74.00 price objective on shares of NextEra Energy in a research note on Tuesday, January 30th. Guggenheim raised their price objective on shares of NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, January 22nd. Barclays assumed coverage on shares of NextEra Energy in a research note on Wednesday. They issued an “equal weight” rating and a $66.00 price objective for the company. Finally, Wells Fargo & Company raised their price objective on shares of NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 19th. Two analysts have rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, NextEra Energy has a consensus rating of “Moderate Buy” and a consensus target price of $72.00.

NextEra Energy Stock Down 1.4 %

NEE stock traded down $0.87 during midday trading on Friday, reaching $63.07. The company had a trading volume of 9,038,746 shares, compared to its average volume of 11,835,202. NextEra Energy, Inc. has a 1 year low of $47.15 and a 1 year high of $79.78. 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 $129.45 billion, a P/E ratio of 17.47, a PEG ratio of 2.27 and a beta of 0.51. The company has a 50 day moving average of $59.19 and a two-hundred day moving average of $58.34.

NextEra Energy (NYSE:NEE) last released its earnings results on Thursday, January 25th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $6.88 billion during the quarter, compared to the consensus estimate of $5.72 billion. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. During the same quarter in the prior year, the firm earned $0.51 EPS. On average, equities research analysts expect that NextEra Energy, Inc. will post 3.44 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were issued a dividend of $0.515 per share. The ex-dividend date of this dividend was Monday, February 26th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.27%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s dividend payout ratio (DPR) is currently 57.06%.

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.