Xcel Wealth Management LLC Sells 8,528 Shares of NextEra Energy, Inc. (NYSE:NEE)

Xcel Wealth Management LLC reduced its stake in NextEra Energy, Inc. (NYSE:NEEFree Report) by 14.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,322 shares of the utilities provider’s stock after selling 8,528 shares during the period. NextEra Energy comprises 1.1% of Xcel Wealth Management LLC’s investment portfolio, making the stock its 26th largest position. Xcel Wealth Management LLC’s holdings in NextEra Energy were worth $2,996,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of NEE. Coppell Advisory Solutions LLC bought a new stake in shares of NextEra Energy in the second quarter worth about $32,000. Country Trust Bank grew its position in shares of NextEra Energy by 975.6% in the 3rd quarter. Country Trust Bank now owns 441 shares of the utilities provider’s stock worth $25,000 after buying an additional 400 shares during the last quarter. GeoWealth Management LLC increased its stake in shares of NextEra Energy by 124.1% during the first quarter. GeoWealth Management LLC now owns 549 shares of the utilities provider’s stock valued at $42,000 after buying an additional 304 shares during the period. Alaska Permanent Fund Corp raised its holdings in shares of NextEra Energy by 59.8% during the third quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock valued at $32,000 after acquiring an additional 208 shares in the last quarter. Finally, Valued Wealth Advisors LLC purchased a new stake in NextEra Energy in the fourth quarter worth $34,000. Institutional investors own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

NEE has been the topic of a number of research analyst reports. Mizuho reissued a “buy” rating and set a $67.00 price objective (up from $65.00) on shares of NextEra Energy in a research report on Friday, March 15th. BMO Capital Markets boosted their price target on shares of NextEra Energy from $76.00 to $77.00 and gave the company an “outperform” rating in a research report on Monday, March 18th. StockNews.com lowered shares of NextEra Energy from a “hold” rating to a “sell” rating in a report on Monday, February 19th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $74.00 price objective on shares of NextEra Energy in a research report on Tuesday, January 30th. Finally, Barclays began coverage on NextEra Energy in a research report on Wednesday. They issued an “equal weight” rating and a $66.00 target price for the company. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $72.00.

Get Our Latest Analysis on NextEra Energy

NextEra Energy Stock Down 1.4 %

NYSE:NEE traded down $0.87 during trading hours on Friday, reaching $63.07. 9,038,746 shares of the company traded hands, compared to its average volume of 11,835,202. The company has a current ratio of 0.55, a quick ratio of 0.47 and a debt-to-equity ratio of 1.06. The business’s 50-day moving average price is $59.09 and its two-hundred day moving average price is $58.37. NextEra Energy, Inc. has a 1 year low of $47.15 and a 1 year high of $79.78. The stock has a market capitalization of $129.45 billion, a P/E ratio of 17.73, a P/E/G ratio of 2.27 and a beta of 0.51.

NextEra Energy (NYSE:NEEGet Free Report) last posted its quarterly earnings results on Thursday, January 25th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.03. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. The firm had revenue of $6.88 billion during the quarter, compared to analyst estimates of $5.72 billion. During the same quarter in the previous year, the firm earned $0.51 EPS. Analysts predict that NextEra Energy, Inc. will post 3.44 earnings per share for the current year.

NextEra Energy Increases Dividend

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

NextEra Energy Company Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy, Inc. (NYSE:NEEFree Report).

Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.