Yousif Capital Management LLC Trims Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Yousif Capital Management LLC cut its position in NextEra Energy, Inc. (NYSE:NEE) by 3.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 373,244 shares of the utilities provider’s stock after selling 12,880 shares during the quarter. Yousif Capital Management LLC’s holdings in NextEra Energy were worth $22,671,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of NEE. Greenfield Savings Bank boosted its holdings in NextEra Energy by 0.5% in the fourth quarter. Greenfield Savings Bank now owns 32,220 shares of the utilities provider’s stock worth $1,957,000 after purchasing an additional 163 shares during the last quarter. Bay Harbor Wealth Management LLC boosted its stake in shares of NextEra Energy by 22.7% in the 4th quarter. Bay Harbor Wealth Management LLC now owns 930 shares of the utilities provider’s stock worth $56,000 after buying an additional 172 shares during the last quarter. MKT Advisors LLC boosted its stake in shares of NextEra Energy by 2.9% in the 4th quarter. MKT Advisors LLC now owns 6,233 shares of the utilities provider’s stock worth $387,000 after buying an additional 173 shares during the last quarter. Meritage Portfolio Management grew its holdings in shares of NextEra Energy by 3.9% in the third quarter. Meritage Portfolio Management now owns 4,701 shares of the utilities provider’s stock worth $269,000 after acquiring an additional 177 shares during the period. Finally, First Pacific Financial increased its position in NextEra Energy by 2.0% during the fourth quarter. First Pacific Financial now owns 8,885 shares of the utilities provider’s stock valued at $540,000 after acquiring an additional 177 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on NEE. Barclays assumed coverage on NextEra Energy in a research report on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 target price on the stock. Wells Fargo & Company boosted their target price on shares of NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, March 19th. Royal Bank of Canada reissued an “outperform” rating and set a $74.00 price objective on shares of NextEra Energy in a research report on Tuesday, January 30th. BMO Capital Markets decreased their target price on NextEra Energy from $77.00 to $68.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. Finally, Bank of America lifted their target price on NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $70.93.

NextEra Energy Price Performance

Shares of NextEra Energy stock traded up $0.87 during trading hours on Tuesday, hitting $66.18. The company’s stock had a trading volume of 14,348,517 shares, compared to its average volume of 11,940,309. The company has a market cap of $135.83 billion, a PE ratio of 18.33, a PEG ratio of 2.31 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 business has a 50 day moving average price of $60.26 and a two-hundred day moving average price of $58.83. NextEra Energy, Inc. has a 12-month low of $47.15 and a 12-month high of $79.25.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 EPS 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 company had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $6.28 billion. During the same period in the previous year, the firm earned $0.84 EPS. The firm’s revenue was down 14.7% compared to the same quarter last year. Analysts expect that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were paid a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a yield of 3.11%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Monday, February 26th. NextEra Energy’s dividend payout ratio (DPR) is presently 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.