NextEra Energy, Inc. (NYSE:NEE) Shares Sold by S.A. Mason LLC

S.A. Mason LLC reduced its holdings in NextEra Energy, Inc. (NYSE:NEE) by 2.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,666 shares of the utilities provider’s stock after selling 260 shares during the quarter. S.A. Mason LLC’s holdings in NextEra Energy were worth $648,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in NEE. Norges Bank acquired a new stake in shares of NextEra Energy in the fourth quarter worth approximately $2,774,845,000. Moneta Group Investment Advisors LLC raised its position in shares of NextEra Energy by 66,613.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 30,263,816 shares of the utilities provider’s stock worth $2,530,055,000 after buying an additional 30,218,452 shares during the period. Mizuho Markets Americas LLC purchased a new position in shares of NextEra Energy in the 3rd quarter worth $141,817,000. Nordea Investment Management AB boosted its holdings in 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 valued at $337,096,000 after acquiring an additional 2,148,205 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in NextEra Energy by 1.0% during the third quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock valued at $11,368,065,000 after acquiring an additional 1,956,153 shares during the period. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $74.00 price objective on shares of NextEra Energy in a research note on Tuesday, January 30th. Citigroup started coverage on shares of NextEra Energy in a research note on Friday, December 8th. They set a “buy” rating and a $69.00 price objective for the company. JPMorgan Chase & Co. lifted their target price on shares of NextEra Energy from $65.00 to $67.00 and gave the company an “overweight” rating in a report on Wednesday, November 29th. Guggenheim upped their price target on shares of NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, January 22nd. Finally, BMO Capital Markets raised their price objective on NextEra Energy from $76.00 to $77.00 and gave the company an “outperform” rating in a research report on Monday, March 18th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $72.46.

NextEra Energy Price Performance

NEE stock opened at $63.79 on Thursday. The stock’s 50 day moving average is $57.72 and its two-hundred day moving average is $58.58. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $79.78. The company has a market capitalization of $130.92 billion, a PE ratio of 17.67, a P/E/G ratio of 2.18 and a beta of 0.50. The company has a quick ratio of 0.47, a current ratio of 0.55 and a debt-to-equity ratio of 1.06.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Thursday, January 25th. The utilities provider reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The firm had revenue of $6.88 billion for the quarter, compared to the consensus estimate of $5.72 billion. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. During the same period in the prior year, the firm posted $0.51 EPS. Analysts predict that NextEra Energy, Inc. will post 3.44 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently announced 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 a positive change from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date was Monday, February 26th. This represents a $2.06 annualized dividend and a dividend yield of 3.23%. NextEra Energy’s dividend payout ratio (DPR) is presently 57.06%.

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.