NextEra Energy, Inc. (NYSE:NEE) Stake Lowered by Bigelow Investment Advisors LLC

Bigelow Investment Advisors LLC reduced its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 9.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,281 shares of the utilities provider’s stock after selling 2,193 shares during the period. Bigelow Investment Advisors LLC’s holdings in NextEra Energy were worth $1,353,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. John G Ullman & Associates Inc. boosted its holdings in NextEra Energy by 218.8% in the fourth quarter. John G Ullman & Associates Inc. now owns 14,497 shares of the utilities provider’s stock worth $881,000 after purchasing an additional 9,950 shares in the last quarter. Resonant Capital Advisors LLC bought a new stake in NextEra Energy during the fourth quarter valued at about $253,000. Beaumont Financial Advisors LLC boosted its holdings in NextEra Energy by 2.0% during the fourth quarter. Beaumont Financial Advisors LLC now owns 141,607 shares of the utilities provider’s stock valued at $8,601,000 after acquiring an additional 2,824 shares during the period. Ninepoint Partners LP bought a new stake in NextEra Energy during the fourth quarter valued at about $1,237,000. Finally, Andrew Hill Investment Advisors Inc. acquired a new position in shares of NextEra Energy during the fourth quarter valued at about $2,846,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on NEE. Barclays began coverage on shares of NextEra Energy in a research report on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 price target for the company. Royal Bank of Canada reissued an “outperform” rating and issued a $74.00 price target on shares of NextEra Energy in a research report on Tuesday, January 30th. StockNews.com lowered shares of NextEra Energy from a “hold” rating to a “sell” rating in a research report on Monday, February 19th. BMO Capital Markets dropped their price target on shares of NextEra Energy from $77.00 to $68.00 and set an “outperform” rating for the company in a research report on Tuesday. Finally, Wells Fargo & Company increased 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. Two research analysts have rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, NextEra Energy has a consensus rating of “Moderate Buy” and an average price target of $71.36.

NextEra Energy Price Performance

Shares of NEE traded up $0.29 during mid-day trading on Friday, hitting $64.30. 13,213,311 shares of the company traded hands, compared to its average volume of 11,868,989. NextEra Energy, Inc. has a one year low of $47.15 and a one year high of $79.78. The company has a current ratio of 0.55, a quick ratio of 0.47 and a debt-to-equity ratio of 1.06. The business has a 50-day moving average of $59.73 and a 200 day moving average of $58.43. The stock has a market capitalization of $131.97 billion, a price-to-earnings ratio of 17.95, a PEG ratio of 2.29 and a beta of 0.51.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Thursday, January 25th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $6.88 billion for the quarter, compared to analysts’ expectations of $5.72 billion. During the same period last year, the firm earned $0.51 earnings per share. As a group, equities analysts expect that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were paid a $0.515 dividend. The ex-dividend date was Monday, February 26th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 dividend on an annualized basis and a yield of 3.20%. 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.