Opes Wealth Management LLC Has $263,000 Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Opes Wealth Management LLC lessened its holdings in NextEra Energy, Inc. (NYSE:NEE) by 9.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,326 shares of the utilities provider’s stock after selling 462 shares during the quarter. Opes Wealth Management LLC’s holdings in NextEra Energy were worth $263,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Wimmer Associates 1 LLC lifted its stake in NextEra Energy by 3.6% in the first quarter. Wimmer Associates 1 LLC now owns 3,935 shares of the utilities provider’s stock valued at $305,000 after purchasing an additional 135 shares during the last quarter. Kolinsky Wealth Management LLC lifted its stake in NextEra Energy by 2.1% in the first quarter. Kolinsky Wealth Management LLC now owns 6,669 shares of the utilities provider’s stock valued at $514,000 after purchasing an additional 139 shares during the last quarter. Baldwin Investment Management LLC lifted its stake in NextEra Energy by 0.4% in the first quarter. Baldwin Investment Management LLC now owns 35,437 shares of the utilities provider’s stock valued at $2,731,000 after purchasing an additional 150 shares during the last quarter. Greenfield Savings Bank lifted its stake in NextEra Energy by 0.5% in the fourth quarter. Greenfield Savings Bank now owns 32,220 shares of the utilities provider’s stock valued at $1,957,000 after purchasing an additional 163 shares during the last quarter. Finally, Barnes Pettey Financial Advisors LLC lifted its stake in NextEra Energy by 1.7% in the fourth quarter. Barnes Pettey Financial Advisors LLC now owns 10,181 shares of the utilities provider’s stock valued at $851,000 after purchasing an additional 169 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on NEE. Barclays began 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. StockNews.com cut shares of NextEra Energy from a “hold” rating to a “sell” rating in a report on Monday, February 19th. Mizuho reissued a “buy” rating and set a $67.00 target price (up previously from $65.00) on shares of NextEra Energy in a report on Friday, March 15th. Wells Fargo & Company boosted their target price 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. Finally, BMO Capital Markets lowered their target price on shares of NextEra Energy from $77.00 to $68.00 and set an “outperform” rating on the stock in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.36.

NextEra Energy Price Performance

NEE traded up $0.21 during trading on Thursday, reaching $64.00. The stock had a trading volume of 10,133,643 shares, compared to its average volume of 11,851,049. The stock has a market cap of $131.36 billion, a PE ratio of 17.72, a PEG ratio of 2.22 and a beta of 0.51. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.47 and a current ratio of 0.55. NextEra Energy, Inc. has a one year low of $47.15 and a one year high of $79.78. The business has a 50-day moving average of $59.58 and a 200-day moving average of $58.39.

NextEra Energy (NYSE:NEE) last released its earnings results on Thursday, January 25th. The utilities provider reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The business had revenue of $6.88 billion for the quarter, compared to analysts’ expectations of $5.72 billion. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. During the same quarter in the prior year, the firm earned $0.51 earnings per share. As a group, equities research analysts anticipate that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend was Monday, February 26th. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s dividend payout ratio is currently 57.06%.

NextEra Energy Company 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.