Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Decreases Holdings in NextEra Energy, Inc. (NYSE:NEE)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA reduced its position in NextEra Energy, Inc. (NYSE:NEE) by 0.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,480 shares of the utilities provider’s stock after selling 221 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in NextEra Energy were worth $2,901,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mizuho Markets Americas LLC bought a new position in shares of NextEra Energy in the third quarter valued at approximately $141,817,000. Nordea Investment Management AB lifted its position in NextEra Energy by 59.1% in the 3rd quarter. Nordea Investment Management AB now owns 5,784,080 shares of the utilities provider’s stock worth $337,096,000 after buying an additional 2,148,205 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of NextEra Energy by 7,999.6% in the 4th quarter. International Assets Investment Management LLC now owns 2,173,459 shares of the utilities provider’s stock valued at $132,016,000 after buying an additional 2,146,625 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of NextEra Energy by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock valued at $11,368,065,000 after buying an additional 1,956,153 shares in the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc bought a new stake in shares of NextEra Energy in the 4th quarter valued at approximately $94,883,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have commented on NEE shares. Wells Fargo & Company lifted their price target on NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 19th. Guggenheim lifted their price objective on NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a report on Monday, January 22nd. Royal Bank of Canada restated an “outperform” rating and issued a $74.00 target price on shares of NextEra Energy in a research note on Tuesday, January 30th. Morgan Stanley lifted their price objective on NextEra Energy from $77.00 to $79.00 and gave the stock an “overweight” rating in a research report on Monday. Finally, Barclays started coverage on NextEra Energy in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 target price for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $70.93.

NextEra Energy Stock Performance

Shares of NEE stock traded up $1.22 during trading on Tuesday, reaching $66.53. 8,557,615 shares of the company’s stock were exchanged, compared to its average volume of 11,860,486. 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 stock has a market capitalization of $136.55 billion, a PE ratio of 18.51, a PEG ratio of 2.31 and a beta of 0.51. NextEra Energy, Inc. has a twelve month low of $47.15 and a twelve month high of $79.25. The firm’s fifty day moving average price is $60.04 and its 200-day moving average price is $58.72.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. The firm had revenue of $5.73 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same period in the prior year, the firm posted $0.84 EPS. The company’s revenue for the quarter was down 14.7% on a year-over-year basis. As a group, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 3.10%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Monday, February 26th. 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.