Oak Thistle LLC Lowers Position in NextEra Energy, Inc. (NYSE:NEE)

Oak Thistle LLC cut its stake in NextEra Energy, Inc. (NYSE:NEEFree Report) by 43.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,379 shares of the utilities provider’s stock after selling 7,885 shares during the quarter. Oak Thistle LLC’s holdings in NextEra Energy were worth $630,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Country Trust Bank increased its position in shares of NextEra Energy by 975.6% during the third quarter. Country Trust Bank now owns 441 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 400 shares during the last quarter. Alaska Permanent Fund Corp increased its position in shares of NextEra Energy by 59.8% during the third quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 208 shares during the last quarter. Coppell Advisory Solutions LLC purchased a new stake in shares of NextEra Energy during the second quarter valued at approximately $32,000. Valued Wealth Advisors LLC purchased a new stake in shares of NextEra Energy during the fourth quarter valued at approximately $34,000. Finally, West Tower Group LLC purchased a new stake in shares of NextEra Energy during the second quarter valued at approximately $36,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on NEE shares. Guggenheim increased their price target on NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. Mizuho reissued a “buy” rating and set a $67.00 price objective (up from $65.00) on shares of NextEra Energy in a report on Friday, March 15th. Citigroup began coverage on NextEra Energy in a report on Friday, December 8th. They set a “buy” rating and a $69.00 price objective for the company. Royal Bank of Canada reissued an “outperform” rating and set a $74.00 price objective on shares of NextEra Energy in a report on Tuesday, January 30th. 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 report on Tuesday, March 19th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $72.46.

Read Our Latest Research Report on NEE

NextEra Energy Stock Performance

NYSE:NEE opened at $62.55 on Thursday. 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, Inc. has a 52-week low of $47.15 and a 52-week high of $79.78. The firm has a market cap of $128.38 billion, a price-to-earnings ratio of 17.33, a PEG ratio of 2.25 and a beta of 0.51. The business’s fifty day moving average is $58.44 and its 200 day moving average is $58.44.

NextEra Energy (NYSE:NEEGet Free Report) last released 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. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. The company had revenue of $6.88 billion for the quarter, compared to analyst estimates of $5.72 billion. During the same period in the previous year, the company posted $0.51 EPS. Research analysts predict that NextEra Energy, Inc. will post 3.44 EPS for the current year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were paid a $0.515 dividend. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date of this dividend was Monday, February 26th. NextEra Energy’s dividend payout ratio is currently 57.06%.

NextEra Energy 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.

Further Reading

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

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