NextEra Energy, Inc. (NYSE:NEE) Stock Position Cut by Telemus Capital LLC

Telemus Capital LLC lessened its stake in NextEra Energy, Inc. (NYSE:NEE) by 0.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,086 shares of the utilities provider’s stock after selling 377 shares during the period. Telemus Capital LLC’s holdings in NextEra Energy were worth $2,739,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of NextEra Energy by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock valued at $11,368,065,000 after purchasing an additional 1,956,153 shares in the last quarter. Northern Trust Corp lifted its position in shares of NextEra Energy by 2.0% in the third quarter. Northern Trust Corp now owns 22,982,250 shares of the utilities provider’s stock worth $1,316,653,000 after purchasing an additional 455,271 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of NextEra Energy by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 10,352,695 shares of the utilities provider’s stock worth $593,106,000 after purchasing an additional 148,674 shares in the last quarter. California Public Employees Retirement System lifted its position in shares of NextEra Energy by 2.4% in the third quarter. California Public Employees Retirement System now owns 9,026,464 shares of the utilities provider’s stock worth $517,126,000 after purchasing an additional 209,584 shares in the last quarter. Finally, Nordea Investment Management AB lifted its position in shares of 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 worth $337,096,000 after purchasing an additional 2,148,205 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Up 1.6 %

Shares of NYSE NEE opened at $65.31 on Tuesday. The stock has a market cap of $134.04 billion, a PE ratio of 18.09, a PEG ratio of 2.31 and a beta of 0.51. The business has a fifty day moving average of $60.04 and a two-hundred day moving average of $58.72. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $79.25. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.47 and a current ratio of 0.55.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Thursday, January 25th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $6.88 billion during the quarter, compared to analysts’ expectations of $5.72 billion. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. During the same period last year, the business earned $0.51 earnings per share. As a group, equities research analysts expect that NextEra Energy, Inc. will post 3.4 earnings per share 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 represents a $2.06 dividend on an annualized basis and a dividend yield of 3.15%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Monday, February 26th. NextEra Energy’s payout ratio is currently 57.06%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $74.00 price target on shares of NextEra Energy in a research report on Tuesday, January 30th. BMO Capital Markets cut their price objective on shares of NextEra Energy from $77.00 to $68.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 16th. Mizuho reaffirmed a “buy” rating and set a $67.00 price objective (up previously from $65.00) on shares of NextEra Energy in a research report on Friday, March 15th. Scotiabank lifted their price target on shares of NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a research report on Monday. Finally, StockNews.com raised shares of NextEra Energy from a “sell” rating to a “hold” rating in a research report on Monday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $69.93.

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.