Bender Robert & Associates Sells 1,805 Shares of NextEra Energy, Inc. (NYSE:NEE)

Bender Robert & Associates decreased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 4.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,430 shares of the utilities provider’s stock after selling 1,805 shares during the quarter. NextEra Energy makes up 0.6% of Bender Robert & Associates’ investment portfolio, making the stock its 24th biggest holding. Bender Robert & Associates’ holdings in NextEra Energy were worth $2,334,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of NEE. Xponance Inc. increased its stake in shares of NextEra Energy by 8.2% in the fourth quarter. Xponance Inc. now owns 261,546 shares of the utilities provider’s stock valued at $15,886,000 after buying an additional 19,785 shares during the period. SFE Investment Counsel boosted its holdings in NextEra Energy by 33.8% in the fourth quarter. SFE Investment Counsel now owns 109,399 shares of the utilities provider’s stock valued at $6,645,000 after acquiring an additional 27,665 shares during the last quarter. Ninety One SA PTY Ltd increased its position in NextEra Energy by 8.0% during the 4th quarter. Ninety One SA PTY Ltd now owns 113,483 shares of the utilities provider’s stock valued at $6,893,000 after purchasing an additional 8,449 shares during the period. Cambridge Trust Co. raised its holdings in NextEra Energy by 10.0% during the 4th quarter. Cambridge Trust Co. now owns 533,880 shares of the utilities provider’s stock worth $32,428,000 after purchasing an additional 48,523 shares during the last quarter. Finally, NBW Capital LLC acquired a new position in shares of NextEra Energy in the 4th quarter worth approximately $247,000. 78.72% of the stock is owned by institutional investors.

NextEra Energy Stock Up 0.3 %

Shares of NYSE:NEE traded up $0.22 during trading on Thursday, reaching $64.01. 10,132,734 shares of the stock were exchanged, compared to its average volume of 11,851,040. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $79.78. The stock has a fifty day moving average of $59.58 and a two-hundred day moving average of $58.39. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.55 and a quick ratio of 0.47. The firm has a market cap of $131.38 billion, a price-to-earnings ratio of 17.72, a price-to-earnings-growth ratio of 2.22 and a beta of 0.51.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Thursday, January 25th. The utilities provider reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.03. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. The firm had revenue of $6.88 billion for the quarter, compared to the consensus estimate of $5.72 billion. During the same quarter in the prior year, the company posted $0.51 earnings per share. Research analysts anticipate that NextEra Energy, Inc. will post 3.4 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. Investors of record on Tuesday, February 27th were given a $0.515 dividend. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date was Monday, February 26th. This represents a $2.06 annualized dividend and a yield of 3.22%. NextEra Energy’s dividend payout ratio (DPR) is presently 57.06%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Guggenheim increased their price objective on shares of NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, January 22nd. Wells Fargo & Company lifted their price objective on NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 19th. Mizuho restated a “buy” rating and set a $67.00 target price (up previously from $65.00) on shares of NextEra Energy in a research report on Friday, March 15th. BMO Capital Markets lowered their target price on NextEra Energy from $77.00 to $68.00 and set an “outperform” rating for the company in a report on Tuesday. Finally, Barclays assumed coverage on NextEra Energy in a research note on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 price target on the stock. Two research analysts have rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $71.36.

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.