NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Schnieders Capital Management LLC

Schnieders Capital Management LLC cut its stake in NextEra Energy, Inc. (NYSE:NEE) by 5.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,520 shares of the utilities provider’s stock after selling 3,213 shares during the period. Schnieders Capital Management LLC’s holdings in NextEra Energy were worth $3,312,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Douglas Lane & Associates LLC raised its stake in NextEra Energy by 16.7% during the third quarter. Douglas Lane & Associates LLC now owns 10,866 shares of the utilities provider’s stock valued at $623,000 after buying an additional 1,551 shares in the last quarter. Ziegler Capital Management LLC raised its position in shares of NextEra Energy by 3.1% during the 3rd quarter. Ziegler Capital Management LLC now owns 128,364 shares of the utilities provider’s stock valued at $7,354,000 after acquiring an additional 3,817 shares in the last quarter. Capital Investment Advisors LLC lifted its stake in NextEra Energy by 56.9% during the third quarter. Capital Investment Advisors LLC now owns 76,066 shares of the utilities provider’s stock worth $4,358,000 after purchasing an additional 27,592 shares during the last quarter. Flagship Harbor Advisors LLC lifted its stake in NextEra Energy by 8.8% during the third quarter. Flagship Harbor Advisors LLC now owns 31,701 shares of the utilities provider’s stock worth $1,816,000 after purchasing an additional 2,570 shares during the last quarter. Finally, DAVENPORT & Co LLC boosted its holdings in NextEra Energy by 17.7% in the third quarter. DAVENPORT & Co LLC now owns 1,468,340 shares of the utilities provider’s stock worth $84,049,000 after purchasing an additional 221,310 shares during the period. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Price Performance

Shares of NYSE:NEE traded up $0.87 during trading on Tuesday, reaching $66.18. The company had a trading volume of 14,348,517 shares, compared to its average volume of 11,940,309. The firm’s fifty day moving average is $60.26 and its 200 day moving average is $58.83. 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 market capitalization of $135.83 billion, a PE ratio of 18.33, a price-to-earnings-growth ratio of 2.31 and a beta of 0.51. NextEra Energy, Inc. has a twelve month low of $47.15 and a twelve month high of $79.25.

NextEra Energy (NYSE:NEE) last released its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. The firm had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $6.28 billion. During the same period in the prior year, the firm posted $0.84 earnings per share. The firm’s revenue for the quarter was down 14.7% compared to the same quarter last year. On average, equities analysts forecast 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 issued a dividend of $0.515 per share. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date of this dividend was Monday, February 26th. NextEra Energy’s payout ratio is presently 57.06%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NEE. Scotiabank raised their price target on shares of NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a research report on Monday. StockNews.com upgraded NextEra Energy from a “sell” rating to a “hold” rating in a research note on Monday. Guggenheim raised their target price on NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, January 22nd. Wells Fargo & Company upped their price target on shares of NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 19th. Finally, Mizuho reissued a “buy” rating and set a $67.00 target price (up from $65.00) on shares of NextEra Energy in a research note on Friday, March 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $70.93.

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.