PFG Investments LLC Sells 1,076 Shares of NextEra Energy, Inc. (NYSE:NEE)

PFG Investments LLC trimmed its position in NextEra Energy, Inc. (NYSE:NEE) by 8.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 11,485 shares of the utilities provider’s stock after selling 1,076 shares during the period. PFG Investments LLC’s holdings in NextEra Energy were worth $698,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in NEE. Norges Bank bought a new stake in NextEra Energy in the 4th quarter worth about $2,774,845,000. Moneta Group Investment Advisors LLC boosted its stake in NextEra Energy by 66,613.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 30,263,816 shares of the utilities provider’s stock valued at $2,530,055,000 after acquiring an additional 30,218,452 shares during the last quarter. Mizuho Markets Americas LLC purchased a new position in NextEra Energy in the third quarter valued at about $141,817,000. Nordea Investment Management AB boosted its stake in NextEra Energy by 59.1% in the third quarter. Nordea Investment Management AB now owns 5,784,080 shares of the utilities provider’s stock valued at $337,096,000 after acquiring an additional 2,148,205 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in NextEra Energy by 1.0% in the third quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock valued at $11,368,065,000 after acquiring an additional 1,956,153 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NEE. Mizuho reiterated a “buy” rating and issued a $67.00 target price (up from $65.00) on shares of NextEra Energy in a research note on Friday, March 15th. Wells Fargo & Company upped their price target on shares of NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. Royal Bank of Canada restated an “outperform” rating and set a $74.00 price target on shares of NextEra Energy in a research note on Tuesday, January 30th. StockNews.com cut shares of NextEra Energy from a “hold” rating to a “sell” rating in a research note on Monday, February 19th. Finally, BMO Capital Markets increased their target price on shares of NextEra Energy from $76.00 to $77.00 and gave the stock an “outperform” rating in a research note on Monday, March 18th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, NextEra Energy has an average rating of “Moderate Buy” and a consensus price target of $72.46.

NextEra Energy Price Performance

Shares of NYSE:NEE traded up $0.79 during trading on Wednesday, reaching $62.22. The company had a trading volume of 1,237,982 shares, compared to its average volume of 11,853,132. The company has a fifty day moving average of $57.70 and a two-hundred day moving average of $58.62. The stock has a market capitalization of $127.70 billion, a P/E ratio of 17.02, a price-to-earnings-growth ratio of 2.22 and a beta of 0.50. NextEra Energy, Inc. has a 12 month low of $47.15 and a 12 month 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.

NextEra Energy (NYSE:NEE) last released its earnings results on Thursday, January 25th. The utilities provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.49 by $0.03. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. The company had revenue of $6.88 billion for the quarter, compared to analyst estimates of $5.72 billion. During the same quarter last year, the firm earned $0.51 EPS. Equities research analysts forecast that NextEra Energy, Inc. will post 3.44 earnings per share for the current year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were issued a dividend of $0.515 per share. The ex-dividend date of this dividend was Monday, February 26th. This represents a $2.06 annualized dividend and a dividend yield of 3.31%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s dividend payout ratio (DPR) is currently 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.