NextEra Energy, Inc. (NYSE:NEE) Shares Sold by West Branch Capital LLC

West Branch Capital LLC lowered its holdings in NextEra Energy, Inc. (NYSE:NEEFree Report) by 11.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,770 shares of the utilities provider’s stock after selling 232 shares during the quarter. West Branch Capital LLC’s holdings in NextEra Energy were worth $108,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Norges Bank purchased a new position in NextEra Energy during the fourth quarter worth about $2,774,845,000. Moneta Group Investment Advisors LLC boosted its position in shares of NextEra Energy by 66,613.3% during 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 purchasing an additional 30,218,452 shares during the period. Mizuho Markets Americas LLC acquired a new stake in NextEra Energy in the 3rd quarter valued at approximately $141,817,000. Nordea Investment Management AB raised its position 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 purchasing an additional 2,148,205 shares during the period. Finally, Vanguard Group Inc. lifted its stake 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 worth $11,368,065,000 after purchasing an additional 1,956,153 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on NEE. Citigroup initiated coverage on NextEra Energy in a research note on Friday, December 8th. They issued a “buy” rating and a $69.00 price objective for the company. Mizuho reiterated a “buy” rating and set a $67.00 price target (up from $65.00) on shares of NextEra Energy in a research note on Friday, March 15th. StockNews.com lowered shares of NextEra Energy from a “hold” rating to a “sell” rating in a research note on Monday, February 19th. BMO Capital Markets boosted their price target on shares of NextEra Energy from $76.00 to $77.00 and gave the stock an “outperform” rating in a research note on Monday, March 18th. Finally, Wells Fargo & Company increased their price objective on NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $72.46.

View Our Latest Stock Report on NextEra Energy

NextEra Energy Price Performance

NEE stock opened at $63.91 on Friday. The stock has a market cap of $131.17 billion, a price-to-earnings ratio of 17.70, a PEG ratio of 2.27 and a beta of 0.50. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $79.78. 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 business has a 50 day moving average price of $58.09 and a 200 day moving average price of $58.63.

NextEra Energy (NYSE:NEEGet Free Report) last announced its quarterly earnings results on Thursday, January 25th. The utilities provider reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The firm had revenue of $6.88 billion during the quarter, compared to analysts’ expectations 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 previous year, the company earned $0.51 earnings per share. Equities research analysts anticipate that NextEra Energy, Inc. will post 3.44 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were paid a dividend of $0.515 per share. The ex-dividend date was Monday, February 26th. 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 dividend yield of 3.22%. NextEra Energy’s dividend payout ratio is 57.06%.

NextEra Energy Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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