WD Rutherford LLC Has $1.10 Million Holdings in NextEra Energy, Inc. (NYSE:NEE)

WD Rutherford LLC trimmed its holdings in NextEra Energy, Inc. (NYSE:NEE) by 10.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,330 shares of the utilities provider’s stock after selling 2,375 shares during the quarter. WD Rutherford LLC’s holdings in NextEra Energy were worth $1,099,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Greenfield Savings Bank boosted its holdings in shares of NextEra Energy by 0.5% during the fourth quarter. Greenfield Savings Bank now owns 32,220 shares of the utilities provider’s stock worth $1,957,000 after acquiring an additional 163 shares during the period. Bay Harbor Wealth Management LLC increased its stake in NextEra Energy by 22.7% during the 4th quarter. Bay Harbor Wealth Management LLC now owns 930 shares of the utilities provider’s stock worth $56,000 after acquiring an additional 172 shares during the period. MKT Advisors LLC raised its stake in NextEra Energy by 2.9% in the fourth quarter. MKT Advisors LLC now owns 6,233 shares of the utilities provider’s stock valued at $387,000 after purchasing an additional 173 shares in the last quarter. Meritage Portfolio Management lifted its holdings in shares of NextEra Energy by 3.9% during the 3rd quarter. Meritage Portfolio Management now owns 4,701 shares of the utilities provider’s stock worth $269,000 after acquiring an additional 177 shares during the period. Finally, First Pacific Financial boosted its holdings in shares of NextEra Energy by 2.0% in the 4th quarter. First Pacific Financial now owns 8,885 shares of the utilities provider’s stock valued at $540,000 after purchasing an additional 177 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NEE. BMO Capital Markets lifted their price target on shares of NextEra Energy from $70.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday. Barclays assumed coverage on shares of NextEra Energy in a report on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 target price on the stock. Wells Fargo & Company raised their price target on shares of NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. Scotiabank boosted their price objective on shares of NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a research note on Monday, April 22nd. Finally, Bank of America raised their target price on NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $71.50.

NextEra Energy Trading Down 1.3 %

NYSE:NEE opened at $66.01 on Friday. NextEra Energy, Inc. has a 12 month low of $47.15 and a 12 month high of $78.53. The company has a current ratio of 0.51, a quick ratio of 0.47 and a debt-to-equity ratio of 1.12. 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. The firm has a fifty day simple moving average of $60.85 and a two-hundred day simple moving average of $59.06.

NextEra Energy (NYSE:NEE) last issued its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, beating the consensus estimate of $0.80 by $0.11. The company had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $6.28 billion. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The firm’s revenue for the quarter was down 14.7% compared to the same quarter last year. During the same period last year, the business posted $0.84 EPS. Analysts expect 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 issued a $0.515 dividend. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date was Monday, February 26th. NextEra Energy’s dividend payout ratio (DPR) is currently 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.