C WorldWide Group Holding A S Sells 539,798 Shares of NextEra Energy, Inc. (NYSE:NEE)

C WorldWide Group Holding A S decreased its position in NextEra Energy, Inc. (NYSE:NEE) by 12.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,840,866 shares of the utilities provider’s stock after selling 539,798 shares during the quarter. NextEra Energy accounts for 3.1% of C WorldWide Group Holding A S’s portfolio, making the stock its 15th largest position. C WorldWide Group Holding A S owned about 0.19% of NextEra Energy worth $233,294,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BOK Financial Private Wealth Inc. bought a new stake in shares of NextEra Energy in the 4th quarter valued at about $29,000. Alaska Permanent Fund Corp grew its stake in shares of NextEra Energy by 59.8% in the third quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 208 shares during the last quarter. Stuart Chaussee & Associates Inc. grew its stake in shares of NextEra Energy by 315.4% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 410 shares during the last quarter. Valued Wealth Advisors LLC purchased a new position in NextEra Energy during the 4th quarter valued at about $34,000. Finally, Rakuten Securities Inc. bought a new position in NextEra Energy during the 4th quarter valued at approximately $34,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Down 1.4 %

NextEra Energy stock traded down $0.91 during mid-day trading on Friday, reaching $65.99. The stock had a trading volume of 9,982,762 shares, compared to its average volume of 10,921,297. NextEra Energy, Inc. has a one year low of $47.15 and a one year high of $78.53. The company has a 50-day moving average price of $60.85 and a two-hundred day moving average price of $59.06. The company has a market capitalization of $135.58 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 2.46 and a beta of 0.51. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.47.

NextEra Energy (NYSE:NEE) last posted 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 net margin of 27.62% and a return on equity of 11.72%. The firm had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $6.28 billion. During the same quarter in the prior year, the company posted $0.84 earnings per share. The business’s revenue for the quarter was down 14.7% on a year-over-year basis. On average, analysts expect that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were issued a dividend of $0.515 per share. 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 3.12%. The ex-dividend date of this dividend was Monday, February 26th. NextEra Energy’s dividend payout ratio is presently 56.13%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on NEE. StockNews.com raised NextEra Energy from a “sell” rating to a “hold” rating in a research note on Monday, April 22nd. BMO Capital Markets upped their price objective on shares of NextEra Energy from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday. Wells Fargo & Company lifted their target price on shares of NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. Guggenheim boosted their price target on shares of NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. Finally, Bank of America raised their price objective on shares of NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.50.

NextEra Energy Profile

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.