PFG Advisors Has $922,000 Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

PFG Advisors reduced its stake in shares of NextEra Energy, Inc. (NYSE:NEEFree Report) by 30.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,172 shares of the utilities provider’s stock after selling 6,632 shares during the quarter. PFG Advisors’ holdings in NextEra Energy were worth $922,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of NEE. United Bank lifted its stake in NextEra Energy by 9.8% during the first quarter. United Bank now owns 9,966 shares of the utilities provider’s stock worth $844,000 after purchasing an additional 891 shares during the last quarter. LSV Asset Management grew its position in NextEra Energy by 9.2% in the first quarter. LSV Asset Management now owns 32,180 shares of the utilities provider’s stock valued at $2,726,000 after acquiring an additional 2,700 shares during the last quarter. Brown Brothers Harriman & Co. boosted its stake in shares of NextEra Energy by 11.2% in the 1st quarter. Brown Brothers Harriman & Co. now owns 15,731 shares of the utilities provider’s stock valued at $1,333,000 after purchasing an additional 1,587 shares in the last quarter. Covestor Ltd increased its position in NextEra Energy by 59.1% during the 1st quarter. Covestor Ltd now owns 878 shares of the utilities provider’s stock worth $74,000 after purchasing an additional 326 shares in the last quarter. Finally, Ergoteles LLC acquired a new position in NextEra Energy during the 1st quarter worth approximately $793,000. Institutional investors own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

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

View Our Latest Stock Report on NEE

NextEra Energy Trading Down 0.8 %

NYSE:NEE opened at $63.38 on Tuesday. NextEra Energy, Inc. has a 52 week low of $47.15 and a 52 week high of $79.78. The firm’s fifty day moving average is $58.09 and its 200-day moving average is $58.50. The firm has a market cap of $130.08 billion, a P/E ratio of 17.56, a P/E/G ratio of 2.27 and a beta of 0.51. 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:NEEGet Free Report) last issued its quarterly earnings results on Thursday, January 25th. The utilities provider reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The firm had revenue of $6.88 billion during the quarter, compared to the consensus estimate 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 posted $0.51 EPS. Equities analysts expect that NextEra Energy, Inc. will post 3.44 earnings per share for the current year.

NextEra Energy Increases Dividend

The business also recently declared 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 an increase from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 annualized dividend and a yield of 3.25%. The ex-dividend date of this dividend was Monday, February 26th. NextEra Energy’s 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.

Further Reading

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

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