Dover Advisors LLC Reduces Position in NextEra Energy, Inc. (NYSE:NEE)

Dover Advisors LLC trimmed its position in NextEra Energy, Inc. (NYSE:NEE) by 18.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,458 shares of the utilities provider’s stock after selling 4,085 shares during the quarter. NextEra Energy comprises 1.5% of Dover Advisors LLC’s investment portfolio, making the stock its 23rd biggest position. Dover Advisors LLC’s holdings in NextEra Energy were worth $1,121,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of NEE. BOK Financial Private Wealth Inc. acquired a new stake in NextEra Energy during the 4th quarter worth approximately $29,000. Alaska Permanent Fund Corp lifted its holdings in NextEra Energy by 59.8% during the 3rd quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock worth $32,000 after buying an additional 208 shares in the last quarter. Stuart Chaussee & Associates Inc. lifted its holdings in NextEra Energy by 315.4% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock worth $33,000 after buying an additional 410 shares in the last quarter. Valued Wealth Advisors LLC acquired a new stake in NextEra Energy during the 4th quarter worth approximately $34,000. Finally, Rakuten Securities Inc. acquired a new stake in NextEra Energy during the 4th quarter worth approximately $34,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Performance

Shares of NEE stock traded down $0.91 during mid-day trading on Friday, hitting $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 fifty-two week low of $47.15 and a fifty-two week high of $78.53. The firm has a market cap of $135.58 billion, a PE ratio of 17.98, a PEG ratio of 2.43 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. The company’s 50-day simple moving average is $60.85 and its 200-day simple moving average is $59.15.

NextEra Energy (NYSE:NEE) last released its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, topping the consensus estimate of $0.80 by $0.11. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The company had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $6.28 billion. During the same quarter last year, the business earned $0.84 EPS. The business’s revenue was down 14.7% on a year-over-year basis. Sell-side analysts anticipate that NextEra Energy, Inc. will post 3.4 earnings per share 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 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 annualized dividend and a yield of 3.12%. The ex-dividend date was Monday, February 26th. NextEra Energy’s dividend payout ratio (DPR) is 56.13%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on NEE. Barclays assumed coverage on shares of NextEra Energy in a report on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 target price on the stock. Bank of America increased their price objective on shares of NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday, April 23rd. Morgan Stanley increased their target price on shares of NextEra Energy from $77.00 to $79.00 and gave the company an “overweight” rating in a research report on Monday, April 22nd. Wells Fargo & Company increased their target price on shares of NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, March 19th. Finally, Mizuho increased their target price on shares of NextEra Energy from $67.00 to $71.00 and gave the company a “buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $71.50.

About NextEra Energy

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.