NextEra Energy, Inc. (NYSE:NEE) Stock Position Decreased by Connectus Wealth LLC

Connectus Wealth LLC lessened its holdings in NextEra Energy, Inc. (NYSE:NEEFree Report) by 10.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 73,858 shares of the utilities provider’s stock after selling 8,668 shares during the period. Connectus Wealth LLC’s holdings in NextEra Energy were worth $4,486,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. WealthPlan Investment Management LLC boosted its position in shares of NextEra Energy by 12,378.3% in the third quarter. WealthPlan Investment Management LLC now owns 7,487 shares of the utilities provider’s stock valued at $429,000 after acquiring an additional 7,427 shares during the period. Andra AP fonden grew its position in NextEra Energy by 31.5% in the 3rd quarter. Andra AP fonden now owns 19,600 shares of the utilities provider’s stock worth $1,123,000 after purchasing an additional 4,700 shares during the last quarter. Nichols & Pratt Advisers LLP MA increased its holdings in shares of NextEra Energy by 17.4% during the 3rd quarter. Nichols & Pratt Advisers LLP MA now owns 5,397 shares of the utilities provider’s stock worth $309,000 after purchasing an additional 800 shares during the period. Taurus Asset Management LLC raised its position in shares of NextEra Energy by 1.1% during the third quarter. Taurus Asset Management LLC now owns 292,010 shares of the utilities provider’s stock valued at $16,729,000 after buying an additional 3,075 shares during the last quarter. Finally, Navellier & Associates Inc. bought a new stake in shares of NextEra Energy in the third quarter valued at about $687,000. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Stock Performance

Shares of NextEra Energy stock opened at $75.39 on Monday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.43 and a current ratio of 0.51. NextEra Energy, Inc. has a 52 week low of $47.15 and a 52 week high of $80.47. The firm has a fifty day moving average of $70.51 and a two-hundred day moving average of $63.07. The stock has a market capitalization of $154.89 billion, a price-to-earnings ratio of 20.54, a PEG ratio of 2.76 and a beta of 0.56.

NextEra Energy (NYSE:NEEGet Free Report) last announced its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The company had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $6.28 billion. During the same period in the prior year, the business posted $0.84 EPS. NextEra Energy’s revenue was down 14.7% on a year-over-year basis. As a group, equities research analysts predict that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be issued a dividend of $0.515 per share. The ex-dividend date is Monday, June 3rd. This represents a $2.06 annualized dividend and a yield of 2.73%. NextEra Energy’s dividend payout ratio is presently 56.13%.

Analyst Ratings Changes

Several brokerages recently issued reports on NEE. Scotiabank boosted their price target on NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a research note on Monday, April 22nd. Bank of America upped their target price on shares of NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, April 23rd. Morgan Stanley raised their price objective on shares of NextEra Energy from $79.00 to $83.00 and gave the stock an “overweight” rating in a report on Tuesday, May 28th. BMO Capital Markets boosted their target price on NextEra Energy from $72.00 to $78.00 and gave the stock an “outperform” rating in a report on Tuesday, May 7th. Finally, Barclays raised their price target on NextEra Energy from $66.00 to $74.00 and gave the company an “equal weight” rating in a report on Wednesday, June 5th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, NextEra Energy presently has an average rating of “Moderate Buy” and a consensus target price of $73.50.

Read Our Latest Report on NEE

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.

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

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