Integral Investment Advisors Inc. Reduces Holdings in NextEra Energy, Inc. (NYSE:NEE)

Integral Investment Advisors Inc. lessened its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 5.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,194 shares of the utilities provider’s stock after selling 500 shares during the quarter. Integral Investment Advisors Inc.’s holdings in NextEra Energy were worth $498,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. BOK Financial Private Wealth Inc. acquired a new stake in NextEra Energy in the 4th quarter valued at approximately $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 valued at $32,000 after buying an additional 208 shares in the last quarter. Coppell Advisory Solutions LLC purchased a new stake in shares of NextEra Energy in the 2nd quarter valued at $32,000. Valued Wealth Advisors LLC acquired a new position in NextEra Energy during the 4th quarter worth about $34,000. Finally, Rakuten Securities Inc. purchased a new position in NextEra Energy during the 4th quarter valued at about $34,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Performance

NYSE:NEE traded up $0.49 during midday trading on Thursday, reaching $64.28. The stock had a trading volume of 6,905,662 shares, compared to its average volume of 11,802,208. NextEra Energy, Inc. has a 12-month low of $47.15 and a 12-month high of $79.78. The company has a quick ratio of 0.47, a current ratio of 0.55 and a debt-to-equity ratio of 1.06. The firm has a fifty day simple moving average of $59.58 and a two-hundred day simple moving average of $58.39. The stock has a market cap of $131.93 billion, a P/E ratio of 17.72, a P/E/G ratio of 2.22 and a beta of 0.51.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Thursday, January 25th. The utilities provider reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. The firm had revenue of $6.88 billion during the quarter, compared to the consensus estimate of $5.72 billion. During the same quarter last year, the firm earned $0.51 earnings per share. On average, equities analysts expect that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date was Monday, February 26th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s dividend payout ratio is currently 57.06%.

Wall Street Analysts Forecast Growth

NEE has been the subject of a number of research reports. Mizuho restated a “buy” rating and issued a $67.00 price objective (up previously from $65.00) on shares of NextEra Energy in a report on Friday, March 15th. Royal Bank of Canada restated an “outperform” rating and issued a $74.00 price target on shares of NextEra Energy in a research note on Tuesday, January 30th. BMO Capital Markets lowered their price objective on NextEra Energy from $77.00 to $68.00 and set an “outperform” rating for the company in a research report on Tuesday. StockNews.com downgraded shares of NextEra Energy from a “hold” rating to a “sell” rating in a research report on Monday, February 19th. Finally, Guggenheim raised their price objective on NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $71.36.

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.