NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Outlook Wealth Advisors LLC

Outlook Wealth Advisors LLC trimmed its holdings in NextEra Energy, Inc. (NYSE:NEE) by 10.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 11,475 shares of the utilities provider’s stock after selling 1,405 shares during the period. Outlook Wealth Advisors LLC’s holdings in NextEra Energy were worth $697,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Louisiana State Employees Retirement System purchased a new stake in shares of NextEra Energy during the fourth quarter valued at $7,538,000. Consolidated Portfolio Review Corp raised its holdings in shares of NextEra Energy by 2.3% during the fourth quarter. Consolidated Portfolio Review Corp now owns 11,949 shares of the utilities provider’s stock valued at $726,000 after acquiring an additional 266 shares during the period. Atlas Wealth Partners LLC raised its holdings in shares of NextEra Energy by 11.8% during the fourth quarter. Atlas Wealth Partners LLC now owns 4,755 shares of the utilities provider’s stock valued at $278,000 after acquiring an additional 500 shares during the period. Simplicity Solutions LLC lifted its position in shares of NextEra Energy by 1.3% in the 4th quarter. Simplicity Solutions LLC now owns 42,326 shares of the utilities provider’s stock valued at $2,571,000 after acquiring an additional 533 shares in the last quarter. Finally, Graypoint LLC grew its position in NextEra Energy by 54.2% during the 4th quarter. Graypoint LLC now owns 12,528 shares of the utilities provider’s stock worth $761,000 after purchasing an additional 4,406 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on NEE shares. Royal Bank of Canada restated an “outperform” rating and issued a $74.00 target price on shares of NextEra Energy in a report on Tuesday, January 30th. BMO Capital Markets lifted their target price on NextEra Energy from $76.00 to $77.00 and gave the company an “outperform” rating in a research note on Monday, March 18th. Wells Fargo & Company increased their price target on shares of NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 19th. Barclays assumed coverage on shares of NextEra Energy in a report on Wednesday. They set an “equal weight” rating and a $66.00 price target for the company. Finally, StockNews.com lowered shares of NextEra Energy from a “hold” rating to a “sell” rating in a research note on Monday, February 19th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.00.

NextEra Energy Stock Down 1.3 %

NYSE:NEE traded down $0.86 during trading hours on Friday, reaching $63.08. The company’s stock had a trading volume of 9,039,494 shares, compared to its average volume of 12,494,934. NextEra Energy, Inc. has a one year low of $47.15 and a one year high of $79.78. The business’s 50-day moving average is $59.19 and its 200-day moving average is $58.34. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.55 and a quick ratio of 0.47. The company has a market cap of $129.47 billion, a price-to-earnings ratio of 17.47, a price-to-earnings-growth ratio of 2.27 and a beta of 0.51.

NextEra Energy (NYSE:NEE) last issued 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 return on equity of 11.73% and a net margin of 26.00%. The business had revenue of $6.88 billion for the quarter, compared to analyst estimates of $5.72 billion. During the same quarter in the prior year, the firm posted $0.51 EPS. Equities research analysts predict that NextEra Energy, Inc. will post 3.44 EPS for the current year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.27%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date was Monday, February 26th. NextEra Energy’s payout ratio is presently 57.06%.

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.