Benjamin Edwards Inc. Has $3.89 Million Position in NextEra Energy, Inc. (NYSE:NEE)

Benjamin Edwards Inc. reduced its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 64,017 shares of the utilities provider’s stock after selling 572 shares during the period. NextEra Energy comprises about 0.8% of Benjamin Edwards Inc.’s investment portfolio, making the stock its 22nd biggest position. Benjamin Edwards Inc.’s holdings in NextEra Energy were worth $3,888,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. BOK Financial Private Wealth Inc. acquired a new stake in shares of NextEra Energy during the 4th quarter valued at about $29,000. Alaska Permanent Fund Corp lifted its holdings in NextEra Energy by 59.8% during the 3rd quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 208 shares during the last quarter. Stuart Chaussee & Associates Inc. lifted its holdings in NextEra Energy by 315.4% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock valued at $33,000 after purchasing an additional 410 shares during the last quarter. Valued Wealth Advisors LLC bought a new position in NextEra Energy during the 4th quarter valued at about $34,000. Finally, Rakuten Securities Inc. bought a new position in NextEra Energy during the 4th quarter valued at about $34,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NEE has been the subject of several analyst reports. Barclays initiated coverage on shares of NextEra Energy in a report on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 price target for the company. Wells Fargo & Company lifted their price target on shares of NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, March 19th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $74.00 target price on shares of NextEra Energy in a research note on Tuesday, January 30th. StockNews.com raised shares of NextEra Energy from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, Mizuho boosted their target price on shares of NextEra Energy from $67.00 to $71.00 and gave the stock a “buy” rating in a research note on Wednesday, April 24th. One equities 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’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $71.50.

NextEra Energy Trading Down 0.7 %

Shares of NYSE:NEE traded down $0.47 during trading on Thursday, hitting $68.14. 5,166,992 shares of the company’s stock were exchanged, compared to its average volume of 11,805,911. The firm has a market cap of $140.00 billion, a P/E ratio of 18.70, a PEG ratio of 2.47 and a beta of 0.50. The firm has a 50-day moving average price of $61.49 and a two-hundred day moving average price of $59.41. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.12. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $78.53.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. The firm had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $6.28 billion. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The business’s revenue for the quarter was down 14.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.84 earnings per share. Equities analysts predict that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were issued a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 3.02%. The ex-dividend date was Monday, February 26th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s dividend payout ratio is 56.13%.

NextEra Energy 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.