Dakota Wealth Management Decreases Holdings in NextEra Energy, Inc. (NYSE:NEE)

Dakota Wealth Management decreased its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 38.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 156,684 shares of the utilities provider’s stock after selling 99,800 shares during the quarter. Dakota Wealth Management’s holdings in NextEra Energy were worth $9,517,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Coppell Advisory Solutions LLC purchased a new stake in shares of NextEra Energy during the 2nd quarter worth approximately $32,000. BOK Financial Private Wealth Inc. purchased a new stake in shares of NextEra Energy during the 4th quarter worth approximately $29,000. GeoWealth Management LLC lifted its stake in NextEra Energy by 124.1% in the 1st quarter. GeoWealth Management LLC now owns 549 shares of the utilities provider’s stock valued at $42,000 after buying an additional 304 shares in the last quarter. Alaska Permanent Fund Corp lifted its stake in NextEra Energy by 59.8% in 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 in the last quarter. Finally, Valued Wealth Advisors LLC purchased a new stake in NextEra Energy in the 4th quarter valued at approximately $34,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Up 0.0 %

Shares of NEE stock traded up $0.01 on Monday, reaching $63.09. 3,268,701 shares of the stock were exchanged, compared to its average volume of 11,707,559. The stock has a market cap of $129.49 billion, a P/E 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. The firm has a 50 day moving average of $59.19 and a two-hundred day moving average of $58.28. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $79.78.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Thursday, January 25th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. The firm had revenue of $6.88 billion during the quarter, compared to the consensus estimate of $5.72 billion. During the same period in the prior year, the firm earned $0.51 EPS. On average, research analysts anticipate that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were given a $0.515 dividend. 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 3.27%. The ex-dividend date of this dividend was Monday, February 26th. NextEra Energy’s dividend payout ratio is presently 57.06%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NEE. BMO Capital Markets upped their target price on NextEra Energy from $76.00 to $77.00 and gave the company an “outperform” rating in a research note on Monday, March 18th. StockNews.com lowered NextEra Energy from a “hold” rating to a “sell” rating in a research note on Monday, February 19th. Guggenheim upped their target price on NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Monday, January 22nd. Mizuho reaffirmed a “buy” rating and issued a $67.00 target price (up previously from $65.00) on shares of NextEra Energy in a research note on Friday, March 15th. Finally, Wells Fargo & Company boosted their price target on NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, March 19th. Two analysts have rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.