First Command Advisory Services Inc. Sells 486 Shares of NextEra Energy, Inc. (NYSE:NEE)

First Command Advisory Services Inc. lowered its position in NextEra Energy, Inc. (NYSE:NEE) by 4.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,630 shares of the utilities provider’s stock after selling 486 shares during the quarter. First Command Advisory Services Inc.’s holdings in NextEra Energy were worth $646,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Coppell Advisory Solutions LLC bought a new position in NextEra Energy in the second quarter worth approximately $32,000. BOK Financial Private Wealth Inc. purchased a new stake in NextEra Energy during the fourth quarter worth $29,000. GeoWealth Management LLC lifted 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 during the period. Rakuten Securities Inc. purchased a new stake in NextEra Energy during the fourth quarter worth $34,000. Finally, Alaska Permanent Fund Corp lifted 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 during the period. Institutional investors own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

NEE has been the subject of a number of analyst reports. Guggenheim upped their target price on NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. StockNews.com lowered NextEra Energy from a “hold” rating to a “sell” rating in a report on Monday, February 19th. Royal Bank of Canada restated an “outperform” rating and set a $74.00 target price on shares of NextEra Energy in a report on Tuesday, January 30th. Mizuho restated a “buy” rating and set a $67.00 target price (up previously from $65.00) on shares of NextEra Energy in a report on Friday, March 15th. Finally, 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. Two analysts have rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $71.36.

NextEra Energy Stock Performance

NEE stock traded up $0.29 during midday trading on Friday, reaching $64.30. The stock had a trading volume of 13,419,416 shares, compared to its average volume of 10,694,062. The stock has a market cap of $131.97 billion, a PE ratio of 17.81, a P/E/G ratio of 2.30 and a beta of 0.51. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.47 and a current ratio of 0.55. The firm has a fifty day simple moving average of $59.89 and a two-hundred day simple moving average of $58.51. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $79.78.

NextEra Energy (NYSE:NEE) last issued 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 analyst estimates 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 last year, the business posted $0.51 EPS. As a group, equities research analysts anticipate that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were paid a $0.515 dividend. This is a positive change 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 3.20%. NextEra Energy’s dividend payout ratio (DPR) is 57.06%.

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.