NextEra Energy, Inc. (NYSE:NEE) Shares Sold by C WorldWide Group Holding A S

C WorldWide Group Holding A S trimmed its holdings in NextEra Energy, Inc. (NYSE:NEE) by 12.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,840,866 shares of the utilities provider’s stock after selling 539,798 shares during the period. NextEra Energy accounts for about 3.1% of C WorldWide Group Holding A S’s holdings, making the stock its 15th biggest holding. C WorldWide Group Holding A S’s holdings in NextEra Energy were worth $233,294,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. BOK Financial Private Wealth Inc. purchased a new stake in NextEra Energy in the 4th quarter valued at $29,000. Alaska Permanent Fund Corp boosted its position in shares of 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 acquiring an additional 208 shares during the last quarter. Stuart Chaussee & Associates Inc. grew its holdings in shares of NextEra Energy by 315.4% in the fourth 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 period. Valued Wealth Advisors LLC purchased a new position in NextEra Energy during the fourth quarter worth about $34,000. Finally, Rakuten Securities Inc. acquired a new position in NextEra Energy in the 4th quarter valued at about $34,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Performance

Shares of NEE traded down $0.91 during mid-day trading on Friday, hitting $65.99. 9,982,762 shares of the company’s stock were exchanged, compared to its average volume of 10,921,297. The firm has a market capitalization of $135.58 billion, a P/E ratio of 17.99, a P/E/G ratio of 2.46 and a beta of 0.51. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $78.53. The business’s 50 day moving average is $60.85 and its two-hundred day moving average is $59.06. The company has a current ratio of 0.51, a quick ratio of 0.47 and a debt-to-equity ratio of 1.12.

NextEra Energy (NYSE:NEE) last released its earnings results 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. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The business had revenue of $5.73 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same quarter in the previous year, the company posted $0.84 earnings per share. The company’s revenue for the quarter was down 14.7% compared to the same quarter last year. On average, equities analysts expect that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Increases Dividend

The company also recently announced 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 3.12%. 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 (DPR) is 56.13%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NEE. BMO Capital Markets increased their price objective on NextEra Energy from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday. Morgan Stanley boosted their price target on shares of NextEra Energy from $77.00 to $79.00 and gave the stock an “overweight” rating in a research note on Monday, April 22nd. StockNews.com upgraded shares of NextEra Energy from a “sell” rating to a “hold” rating in a report on Monday, April 22nd. Bank of America lifted their price objective on shares of NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Guggenheim raised their price target on NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, January 22nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $71.50.

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.