Crescent Grove Advisors LLC Trims Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Crescent Grove Advisors LLC lowered its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,193 shares of the utilities provider’s stock after selling 182 shares during the period. Crescent Grove Advisors LLC’s holdings in NextEra Energy were worth $315,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Wimmer Associates 1 LLC grew its holdings in shares of 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 in the last quarter. Kolinsky Wealth Management LLC grew its holdings in shares of 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 in the last quarter. Baldwin Investment Management LLC lifted its position 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 worth $2,731,000 after buying an additional 150 shares during the last quarter. Greenfield Savings Bank lifted its position in NextEra Energy by 0.5% in the fourth quarter. Greenfield Savings Bank now owns 32,220 shares of the utilities provider’s stock worth $1,957,000 after buying an additional 163 shares during the last quarter. Finally, Barnes Pettey Financial Advisors LLC lifted its position 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 worth $851,000 after buying an additional 169 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Price Performance

Shares of NEE stock traded down $1.03 during trading hours on Tuesday, hitting $61.72. 2,536,127 shares of the company’s stock were exchanged, compared to its average volume of 11,694,447. The company has a quick ratio of 0.47, a current ratio of 0.55 and a debt-to-equity ratio of 1.06. The firm has a market cap of $126.68 billion, a P/E ratio of 17.10, a P/E/G ratio of 2.27 and a beta of 0.51. The firm has a 50 day moving average of $59.32 and a two-hundred day moving average of $58.32. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $79.78.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Thursday, January 25th. The utilities provider reported $0.52 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 analysts’ expectations of $5.72 billion. During the same period in the previous year, the business earned $0.51 earnings per share. Sell-side analysts forecast that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were issued a $0.515 dividend. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 annualized dividend and a yield of 3.34%. The ex-dividend date of this dividend was Monday, February 26th. NextEra Energy’s dividend payout ratio is presently 57.06%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on NEE. BMO Capital Markets dropped their price target on NextEra Energy from $77.00 to $68.00 and set an “outperform” rating on the stock in a research note on Tuesday. Wells Fargo & Company boosted their price target on NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 19th. Royal Bank of Canada restated an “outperform” rating and set a $74.00 price target on shares of NextEra Energy in a research note on Tuesday, January 30th. StockNews.com downgraded NextEra Energy from a “hold” rating to a “sell” rating in a report on Monday, February 19th. Finally, Guggenheim lifted their target price on NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $71.36.

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.