NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC lessened its holdings in NextEra Energy, Inc. (NYSE:NEEFree Report) by 50.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,099 shares of the utilities provider’s stock after selling 12,302 shares during the quarter. Miracle Mile Advisors LLC’s holdings in NextEra Energy were worth $735,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of NEE. United Bank boosted its position in NextEra Energy by 9.8% in the 1st quarter. United Bank now owns 9,966 shares of the utilities provider’s stock worth $844,000 after purchasing an additional 891 shares in the last quarter. LSV Asset Management boosted its position in NextEra Energy by 9.2% in the 1st quarter. LSV Asset Management now owns 32,180 shares of the utilities provider’s stock worth $2,726,000 after purchasing an additional 2,700 shares in the last quarter. Brown Brothers Harriman & Co. boosted its position in NextEra Energy by 11.2% in the 1st quarter. Brown Brothers Harriman & Co. now owns 15,731 shares of the utilities provider’s stock worth $1,333,000 after purchasing an additional 1,587 shares in the last quarter. Covestor Ltd boosted its position in NextEra Energy by 59.1% in 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 purchased a new stake in NextEra Energy in the 1st quarter worth approximately $793,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. BMO Capital Markets increased their target price on NextEra Energy from $76.00 to $77.00 and gave the company an “outperform” rating in a research report on Monday, March 18th. 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. Guggenheim increased their target price on NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. Royal Bank of Canada reiterated an “outperform” rating and set a $74.00 target price on shares of NextEra Energy in a research report on Tuesday, January 30th. Finally, Citigroup assumed coverage on NextEra Energy in a research report on Friday, December 8th. They set a “buy” rating and a $69.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.46.

Read Our Latest Research Report on NEE

NextEra Energy Stock Down 0.8 %

Shares of NEE opened at $62.88 on Wednesday. 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 $129.06 billion, a PE ratio of 17.56, a price-to-earnings-growth ratio of 2.27 and a beta of 0.51. The stock has a fifty day simple moving average of $58.22 and a two-hundred day simple moving average of $58.46. 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:NEEGet Free Report) last issued its earnings results on Thursday, January 25th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, topping 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 business had revenue of $6.88 billion during the quarter, compared to the consensus estimate of $5.72 billion. During the same period last year, the company earned $0.51 EPS. As a group, equities analysts forecast that NextEra Energy, Inc. will post 3.44 EPS for the current year.

NextEra Energy Increases Dividend

The business 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. The ex-dividend date was Monday, February 26th. This is an increase 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 3.28%. NextEra Energy’s dividend payout ratio (DPR) 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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