Great Valley Advisor Group Inc. Decreases Holdings in NextEra Energy, Inc. (NYSE:NEE)

Great Valley Advisor Group Inc. reduced its position in NextEra Energy, Inc. (NYSE:NEE) by 18.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 120,575 shares of the utilities provider’s stock after selling 27,151 shares during the period. Great Valley Advisor Group Inc.’s holdings in NextEra Energy were worth $7,323,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Mizuho Markets Americas LLC bought a new stake in shares of NextEra Energy during the 3rd quarter valued at $141,817,000. Nordea Investment Management AB grew its holdings in NextEra Energy by 59.1% during 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 purchasing an additional 2,148,205 shares during the period. International Assets Investment Management LLC increased its position in NextEra Energy by 7,999.6% in the fourth quarter. International Assets Investment Management LLC now owns 2,173,459 shares of the utilities provider’s stock worth $132,016,000 after buying an additional 2,146,625 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of NextEra Energy by 1.0% in the third quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock worth $11,368,065,000 after buying an additional 1,956,153 shares during the period. Finally, AEGON ASSET MANAGEMENT UK Plc purchased a new position in shares of NextEra Energy during the 4th quarter valued at about $94,883,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

NYSE:NEE opened at $68.45 on Thursday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.43. The company has a market cap of $140.63 billion, a price-to-earnings ratio of 18.70, a PEG ratio of 2.47 and a beta of 0.50. NextEra Energy, Inc. has a 1 year low of $47.15 and a 1 year high of $78.53. The stock’s 50 day simple moving average is $61.49 and its two-hundred day simple moving average is $59.41.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.11. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The company had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $6.28 billion. During the same quarter in the previous year, the business posted $0.84 earnings per share. NextEra Energy’s quarterly revenue was down 14.7% on a year-over-year basis. As a group, equities analysts anticipate 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 is an increase from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date was Monday, February 26th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.01%. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Analyst Ratings Changes

A number of equities research analysts have commented on NEE shares. Wells Fargo & Company raised their target price on shares of NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 19th. Scotiabank raised their price objective 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, April 22nd. Morgan Stanley upped their target price on shares of NextEra Energy from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. BMO Capital Markets raised their price target on NextEra Energy from $70.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. Finally, Bank of America boosted their price objective on NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday, April 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $71.50.

About NextEra Energy

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.