Valley Brook Capital Group Inc. Has $1.10 Million Stake in NextEra Energy, Inc. (NYSE:NEE)

Valley Brook Capital Group Inc. reduced its stake in NextEra Energy, Inc. (NYSE:NEE) by 10.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,063 shares of the utilities provider’s stock after selling 2,082 shares during the period. Valley Brook Capital Group Inc.’s holdings in NextEra Energy were worth $1,097,000 as of its most recent filing with the Securities and Exchange Commission.

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

NextEra Energy Trading Up 1.9 %

Shares of NEE stock traded up $1.29 during trading hours on Friday, hitting $70.14. 12,687,503 shares of the company were exchanged, compared to its average volume of 11,442,457. The company has a 50 day simple moving average of $62.00 and a two-hundred day simple moving average of $59.66. The firm has a market cap of $144.10 billion, a P/E ratio of 19.11, a P/E/G ratio of 2.58 and a beta of 0.50. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.43 and a current ratio of 0.51. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $78.53.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The business had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $6.28 billion. During the same period last year, the company posted $0.84 earnings per share. The business’s quarterly revenue was down 14.7% on a year-over-year basis. Equities analysts anticipate that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were paid 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 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend was Monday, February 26th. NextEra Energy’s dividend payout ratio is 56.13%.

Wall Street Analyst Weigh In

NEE has been the subject of a number of research reports. Guggenheim raised their price objective on shares of NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a report on Monday, January 22nd. Morgan Stanley raised their price target on shares of NextEra Energy from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Monday, April 22nd. Bank of America boosted their price objective on shares of NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 23rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $74.00 target price on shares of NextEra Energy in a research report on Tuesday, January 30th. Finally, Wells Fargo & Company upped their price target on NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, March 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.