NextEra Energy, Inc. (NYSE:NEE) Shares Sold by LWM Advisory Services LLC

LWM Advisory Services LLC lessened its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 34.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,318 shares of the utilities provider’s stock after selling 5,377 shares during the period. LWM Advisory Services LLC’s holdings in NextEra Energy were worth $627,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of NEE. BOK Financial Private Wealth Inc. acquired a new stake in NextEra Energy in the 4th quarter valued at about $29,000. Alaska Permanent Fund Corp raised its holdings in NextEra Energy by 59.8% in the 3rd quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 208 shares during the last quarter. Stuart Chaussee & Associates Inc. raised its holdings in NextEra Energy by 315.4% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock valued at $33,000 after acquiring an additional 410 shares during the last quarter. Valued Wealth Advisors LLC acquired a new stake in NextEra Energy in the 4th quarter valued at about $34,000. Finally, Rakuten Securities Inc. purchased a new stake in shares of NextEra Energy in the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

NextEra Energy Stock Up 2.2 %

Shares of NYSE:NEE traded up $1.43 during trading on Monday, hitting $67.42. The company’s stock had a trading volume of 9,713,221 shares, compared to its average volume of 11,887,858. The business has a 50 day moving average price of $60.85 and a two-hundred day moving average price of $59.15. The company has a market capitalization of $138.52 billion, a PE ratio of 18.37, a P/E/G ratio of 2.43 and a beta of 0.51. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.43 and a current ratio of 0.51. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $78.53.

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 the consensus estimate of $0.80 by $0.11. The business had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $6.28 billion. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The company’s quarterly revenue was down 14.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.84 earnings per share. As a group, research analysts expect that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal 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 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 3.06%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s payout ratio is presently 56.13%.

Wall Street Analysts Forecast Growth

NEE has been the subject of several analyst reports. Morgan Stanley increased their price target on shares of NextEra Energy from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Guggenheim increased their price target on shares of NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, January 22nd. BMO Capital Markets increased their price target on shares of NextEra Energy from $70.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday. Bank of America lifted their target price on shares of NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday, April 23rd. Finally, Barclays initiated coverage on shares of NextEra Energy in a report on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $71.50.

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.