NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Marietta Wealth Management LLC

Marietta Wealth Management LLC decreased its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 12.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 65,783 shares of the utilities provider’s stock after selling 9,747 shares during the quarter. Marietta Wealth Management LLC’s holdings in NextEra Energy were worth $3,996,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. United Bank grew its stake in shares of NextEra Energy by 9.8% in the 1st quarter. United Bank now owns 9,966 shares of the utilities provider’s stock valued at $844,000 after buying an additional 891 shares during the period. LSV Asset Management grew its position in NextEra Energy by 9.2% in the first quarter. LSV Asset Management now owns 32,180 shares of the utilities provider’s stock worth $2,726,000 after acquiring an additional 2,700 shares during the period. Brown Brothers Harriman & Co. increased its stake in NextEra Energy by 11.2% during the first quarter. Brown Brothers Harriman & Co. now owns 15,731 shares of the utilities provider’s stock worth $1,333,000 after acquiring an additional 1,587 shares during the last quarter. Covestor Ltd raised its position in NextEra Energy by 59.1% in the first quarter. Covestor Ltd now owns 878 shares of the utilities provider’s stock valued at $74,000 after purchasing an additional 326 shares during the period. Finally, Ergoteles LLC acquired a new position in shares of NextEra Energy in the 1st quarter valued at $793,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

NEE has been the subject of a number of recent analyst reports. Wells Fargo & Company raised their price objective on NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 19th. Royal Bank of Canada reiterated an “outperform” rating and set a $74.00 price target on shares of NextEra Energy in a research report on Tuesday, January 30th. Mizuho restated a “buy” rating and issued a $67.00 price objective (up from $65.00) on shares of NextEra Energy in a report on Friday, March 15th. StockNews.com lowered NextEra Energy from a “hold” rating to a “sell” rating in a research report on Monday, February 19th. Finally, Barclays began coverage on NextEra Energy in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 price target for the company. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $71.36.

NextEra Energy Stock Down 1.5 %

NEE stock traded down $0.94 during midday trading on Tuesday, reaching $61.81. 4,359,640 shares of the company were exchanged, compared to its average volume of 11,721,227. The stock’s 50-day simple moving average is $59.32 and its 200 day simple moving average is $58.32. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $79.78. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.47 and a current ratio of 0.55. The company has a market cap of $126.86 billion, a price-to-earnings ratio of 17.14, a price-to-earnings-growth ratio of 2.27 and a beta of 0.51.

NextEra Energy (NYSE:NEE) last posted its earnings results on Thursday, January 25th. The utilities provider reported $0.52 EPS for the quarter, topping 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 previous year, the firm earned $0.51 earnings per share. On average, equities analysts forecast that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Increases Dividend

The firm 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. The ex-dividend date was Monday, February 26th. This represents a $2.06 dividend on an annualized basis and a yield of 3.33%. 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 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.