Outlook Wealth Advisors LLC Cuts Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Outlook Wealth Advisors LLC lowered its stake in NextEra Energy, Inc. (NYSE:NEE) by 10.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,475 shares of the utilities provider’s stock after selling 1,405 shares during the quarter. Outlook Wealth Advisors LLC’s holdings in NextEra Energy were worth $697,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Coppell Advisory Solutions LLC bought a new stake in shares of NextEra Energy in the 2nd quarter worth about $32,000. Country Trust Bank lifted its stake in shares of NextEra Energy by 975.6% in the 3rd quarter. Country Trust Bank now owns 441 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 400 shares during the last quarter. GeoWealth Management LLC boosted its holdings in shares of NextEra Energy by 124.1% in the 1st quarter. GeoWealth Management LLC now owns 549 shares of the utilities provider’s stock worth $42,000 after purchasing an additional 304 shares during the period. Alaska Permanent Fund Corp raised 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 buying an additional 208 shares during the period. Finally, Valued Wealth Advisors LLC purchased a new position in NextEra Energy during the fourth quarter worth $34,000. Institutional investors own 78.72% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on NEE shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $74.00 target price on shares of NextEra Energy in a research note on Tuesday, January 30th. Barclays started coverage on shares of NextEra Energy in a research report on Wednesday. They set an “equal weight” rating and a $66.00 target price on the stock. StockNews.com cut NextEra Energy from a “hold” rating to a “sell” rating in a research note on Monday, February 19th. Guggenheim upped their price objective on shares of NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, January 22nd. Finally, BMO Capital Markets raised their target price on shares of NextEra Energy from $76.00 to $77.00 and gave the company an “outperform” rating in a research report on Monday, March 18th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, NextEra Energy currently has a consensus rating of “Moderate Buy” and an average target price of $72.00.

NextEra Energy Stock Down 1.3 %

Shares of NEE traded down $0.86 during mid-day trading on Friday, hitting $63.08. 9,039,494 shares of the company traded hands, compared to its average volume of 12,494,934. The business has a 50 day moving average of $59.19 and a 200 day moving average of $58.34. The company has a market capitalization of $129.47 billion, a PE ratio of 17.47, a price-to-earnings-growth ratio of 2.27 and a beta of 0.51. The company has a quick ratio of 0.47, a current ratio of 0.55 and a debt-to-equity ratio of 1.06. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $79.78.

NextEra Energy (NYSE:NEE) last posted its quarterly 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. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. The business had revenue of $6.88 billion during the quarter, compared to analysts’ expectations of $5.72 billion. During the same quarter last year, the company posted $0.51 earnings per share. Equities research analysts anticipate that NextEra Energy, Inc. will post 3.44 EPS for the current year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were paid a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 3.27%. 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%.

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.