Montag A & Associates Inc. Reduces Stake in NextEra Energy, Inc. (NYSE:NEE)

Montag A & Associates Inc. reduced its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 10.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 65,053 shares of the utilities provider’s stock after selling 7,661 shares during the quarter. Montag A & Associates Inc.’s holdings in NextEra Energy were worth $3,951,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of NEE. Avitas Wealth Management LLC increased its stake in NextEra Energy by 2.9% during the 4th quarter. Avitas Wealth Management LLC now owns 37,843 shares of the utilities provider’s stock valued at $2,299,000 after purchasing an additional 1,057 shares in the last quarter. Stiles Financial Services Inc boosted its holdings in shares of NextEra Energy by 9.0% during the 4th quarter. Stiles Financial Services Inc now owns 35,180 shares of the utilities provider’s stock valued at $2,137,000 after acquiring an additional 2,899 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of NextEra Energy by 1.7% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 383,932 shares of the utilities provider’s stock valued at $21,995,000 after acquiring an additional 6,325 shares during the last quarter. Asio Capital LLC purchased a new stake in shares of NextEra Energy during the 4th quarter valued at about $2,701,000. Finally, AJOVista LLC purchased a new stake in shares of NextEra Energy during the 4th quarter valued at about $162,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NEE has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their price target on shares of NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, March 19th. Mizuho raised their price objective on shares of NextEra Energy from $67.00 to $71.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Scotiabank raised their price objective on shares of NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a report on Monday, April 22nd. StockNews.com raised shares of NextEra Energy from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. Finally, Barclays started coverage on shares of NextEra Energy in a report on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, NextEra Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.93.

NextEra Energy Price Performance

NEE traded up $1.73 during trading hours on Thursday, hitting $74.58. The company’s stock had a trading volume of 16,625,805 shares, compared to its average volume of 11,961,621. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.12. NextEra Energy, Inc. has a 12 month low of $47.15 and a 12 month high of $78.53. The stock has a market cap of $153.22 billion, a price-to-earnings ratio of 20.32, a P/E/G ratio of 2.58 and a beta of 0.50. The business’s 50-day moving average price is $63.01 and its 200-day moving average price is $60.03.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. The business had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $6.28 billion. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The business’s revenue was down 14.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.84 earnings per share. Sell-side analysts expect that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were paid a dividend of $0.515 per share. This is a positive change 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 2.76%. The ex-dividend date of this dividend was Monday, February 26th. NextEra Energy’s payout ratio is currently 56.13%.

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.