Wealth Effects LLC Sells 1,172 Shares of NextEra Energy, Inc. (NYSE:NEE)

Wealth Effects LLC cut its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 20.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,473 shares of the utilities provider’s stock after selling 1,172 shares during the quarter. Wealth Effects LLC’s holdings in NextEra Energy were worth $272,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Wimmer Associates 1 LLC raised its stake in NextEra Energy by 3.6% during the 1st quarter. Wimmer Associates 1 LLC now owns 3,935 shares of the utilities provider’s stock valued at $305,000 after buying an additional 135 shares during the last quarter. Kolinsky Wealth Management LLC raised its stake in NextEra Energy by 2.1% during the 1st quarter. Kolinsky Wealth Management LLC now owns 6,669 shares of the utilities provider’s stock valued at $514,000 after buying an additional 139 shares during the last quarter. Baldwin Investment Management LLC raised its stake in NextEra Energy by 0.4% during the 1st quarter. Baldwin Investment Management LLC now owns 35,437 shares of the utilities provider’s stock valued at $2,731,000 after buying an additional 150 shares during the last quarter. Greenfield Savings Bank increased its stake in shares of NextEra Energy by 0.5% in the 4th quarter. Greenfield Savings Bank now owns 32,220 shares of the utilities provider’s stock worth $1,957,000 after purchasing an additional 163 shares in the last quarter. Finally, Barnes Pettey Financial Advisors LLC increased its stake in shares of NextEra Energy by 1.7% in the 4th quarter. Barnes Pettey Financial Advisors LLC now owns 10,181 shares of the utilities provider’s stock worth $851,000 after purchasing an additional 169 shares in the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Trading Down 0.3 %

Shares of NYSE:NEE traded down $0.18 during trading on Friday, reaching $63.76. The company’s stock had a trading volume of 1,732,011 shares, compared to its average volume of 11,728,697. 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, Inc. has a 12 month low of $47.15 and a 12 month high of $79.78. The firm’s 50 day simple moving average is $59.09 and its two-hundred day simple moving average is $58.37. The stock has a market capitalization of $130.86 billion, a PE ratio of 17.73, a price-to-earnings-growth ratio of 2.27 and a beta of 0.51.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Thursday, January 25th. The utilities provider reported $0.52 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 during the quarter, compared to the consensus estimate of $5.72 billion. During the same quarter last year, the firm earned $0.51 EPS. On average, research analysts predict that NextEra Energy, Inc. will post 3.44 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were issued a $0.515 dividend. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Monday, February 26th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.23%. NextEra Energy’s dividend payout ratio (DPR) is presently 57.06%.

Wall Street Analyst Weigh In

NEE has been the subject of several analyst reports. Barclays started coverage on NextEra Energy in a research note on Wednesday. They issued an “equal weight” rating and a $66.00 price objective for the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $74.00 price target on shares of NextEra Energy in a research note on Tuesday, January 30th. StockNews.com lowered NextEra Energy from a “hold” rating to a “sell” rating in a research note on Monday, February 19th. Wells Fargo & Company increased their price target on NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 19th. Finally, Mizuho reiterated a “buy” rating and issued a $67.00 price target (up previously from $65.00) on shares of NextEra Energy in a research note on Friday, March 15th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.00.

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.