SVB Wealth LLC Lowers Position in NextEra Energy, Inc. (NYSE:NEE)

SVB Wealth LLC trimmed its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 18.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 341,690 shares of the utilities provider’s stock after selling 75,253 shares during the quarter. SVB Wealth LLC’s holdings in NextEra Energy were worth $20,754,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NEE. Wimmer Associates 1 LLC increased its position in NextEra Energy by 3.6% during the first quarter. Wimmer Associates 1 LLC now owns 3,935 shares of the utilities provider’s stock worth $305,000 after buying an additional 135 shares during the period. Kolinsky Wealth Management LLC increased its position in NextEra Energy by 2.1% during the first quarter. Kolinsky Wealth Management LLC now owns 6,669 shares of the utilities provider’s stock worth $514,000 after buying an additional 139 shares during the period. Baldwin Investment Management LLC increased its position in NextEra Energy by 0.4% during the first quarter. Baldwin Investment Management LLC now owns 35,437 shares of the utilities provider’s stock worth $2,731,000 after buying an additional 150 shares during the period. Greenfield Savings Bank increased its position in NextEra Energy by 0.5% during the fourth quarter. Greenfield Savings Bank now owns 32,220 shares of the utilities provider’s stock worth $1,957,000 after buying an additional 163 shares during the period. Finally, Barnes Pettey Financial Advisors LLC increased its position in NextEra Energy by 1.7% during the fourth quarter. Barnes Pettey Financial Advisors LLC now owns 10,181 shares of the utilities provider’s stock worth $851,000 after buying an additional 169 shares during the period. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

NextEra Energy Price Performance

NextEra Energy stock traded down $1.01 during trading hours on Tuesday, hitting $61.74. The stock had a trading volume of 2,630,443 shares, compared to its average volume of 11,694,447. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.55 and a quick ratio of 0.47. The stock has a market capitalization of $126.72 billion, a price-to-earnings ratio of 17.10, a PEG ratio of 2.27 and a beta of 0.51. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $79.78. The stock’s fifty day moving average is $59.32 and its two-hundred day moving average is $58.32.

NextEra Energy (NYSE:NEE) last posted its earnings results on Thursday, January 25th. The utilities provider reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.03. The company had revenue of $6.88 billion for the quarter, compared to analyst estimates of $5.72 billion. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. During the same quarter in the prior year, the company earned $0.51 earnings per share. As a group, analysts predict that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were given a $0.515 dividend. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 annualized dividend and a dividend yield of 3.34%. The ex-dividend date was Monday, February 26th. NextEra Energy’s dividend payout ratio is currently 57.06%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on NEE shares. StockNews.com downgraded NextEra Energy from a “hold” rating to a “sell” rating in a research note on Monday, February 19th. Royal Bank of Canada reiterated an “outperform” rating and issued a $74.00 target price on shares of NextEra Energy in a research note on Tuesday, January 30th. 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. BMO Capital Markets lowered their target price on NextEra Energy from $77.00 to $68.00 and set an “outperform” rating on the stock in a research note on Tuesday. Finally, Guggenheim lifted 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. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $71.36.

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.