O Brien Greene & Co. Inc Trims Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

O Brien Greene & Co. Inc trimmed its holdings in NextEra Energy, Inc. (NYSE:NEE) by 0.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 93,280 shares of the utilities provider’s stock after selling 380 shares during the quarter. NextEra Energy makes up about 2.0% of O Brien Greene & Co. Inc’s portfolio, making the stock its 23rd biggest position. O Brien Greene & Co. Inc’s holdings in NextEra Energy were worth $5,666,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Avitas Wealth Management LLC grew its stake in NextEra Energy by 2.9% in the fourth quarter. Avitas Wealth Management LLC now owns 37,843 shares of the utilities provider’s stock worth $2,299,000 after purchasing an additional 1,057 shares in the last quarter. Stiles Financial Services Inc grew its stake in NextEra Energy by 9.0% in the fourth 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 grew its stake 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 worth $21,995,000 after purchasing an additional 6,325 shares in the last quarter. Asio Capital LLC bought a new position in NextEra Energy in the fourth quarter worth approximately $2,701,000. Finally, Robertson Stephens Wealth Management LLC grew its stake in NextEra Energy by 7.3% in the third quarter. Robertson Stephens Wealth Management LLC now owns 17,714 shares of the utilities provider’s stock worth $1,015,000 after purchasing an additional 1,211 shares in the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NEE has been the topic of several research analyst reports. Mizuho increased their price objective on NextEra Energy from $67.00 to $71.00 and gave the stock a “buy” rating in a research note on Wednesday. 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. StockNews.com raised NextEra Energy from a “sell” rating to a “hold” rating in a research report on Monday, April 22nd. Barclays assumed coverage on NextEra Energy in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 target price on the stock. Finally, Bank of America increased their target price on NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.50.

NextEra Energy Stock Down 1.3 %

NextEra Energy stock opened at $66.01 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.47. The stock has a market capitalization of $135.62 billion, a price-to-earnings ratio of 17.99, a PEG ratio of 2.46 and a beta of 0.51. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $78.53. The business has a fifty day moving average price of $60.85 and a 200-day moving average price of $59.06.

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

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were paid a $0.515 dividend. This is a positive change 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 yield of 3.12%. NextEra Energy’s dividend payout ratio (DPR) is 56.13%.

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.