Apella Capital LLC Sells 423 Shares of NextEra Energy, Inc. (NYSE:NEE)

Apella Capital LLC lessened its holdings in shares of NextEra Energy, Inc. (NYSE:NEEFree Report) by 10.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,582 shares of the utilities provider’s stock after selling 423 shares during the quarter. Apella Capital LLC’s holdings in NextEra Energy were worth $221,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NEE. Country Trust Bank raised its position in NextEra Energy by 975.6% during the third quarter. Country Trust Bank now owns 441 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 400 shares in the last quarter. Alaska Permanent Fund Corp raised its position in shares of NextEra Energy by 59.8% in the third quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock valued at $32,000 after purchasing an additional 208 shares during the period. Coppell Advisory Solutions LLC bought a new position in shares of NextEra Energy in the second quarter valued at approximately $32,000. West Tower Group LLC bought a new position in shares of NextEra Energy in the second quarter valued at approximately $36,000. Finally, Legacy Financial Group LLC bought a new position in shares of NextEra Energy in the third quarter valued at approximately $38,000. Institutional investors own 76.48% of the company’s stock.

NextEra Energy Stock Up 0.9 %

NEE opened at $60.10 on Friday. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $79.78. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.55 and a quick ratio of 0.47. The firm’s fifty day moving average price is $57.71 and its two-hundred day moving average price is $58.94. The company has a market capitalization of $123.35 billion, a P/E ratio of 16.65, a P/E/G ratio of 2.12 and a beta of 0.50.

NextEra Energy (NYSE:NEEGet Free Report) last issued its earnings results on Thursday, January 25th. The utilities provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.49 by $0.03. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. The company had revenue of $6.88 billion for the quarter, compared to the consensus estimate of $5.72 billion. During the same quarter in the previous year, the company earned $0.51 EPS. On average, analysts anticipate that NextEra Energy, Inc. will post 3.44 EPS for the current year.

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were paid a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend was Monday, February 26th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s payout ratio is currently 57.06%.

Wall Street Analyst Weigh In

NEE has been the topic of a number of recent analyst reports. Citigroup initiated coverage on shares of NextEra Energy in a research report on Friday, December 8th. They issued a “buy” rating and a $69.00 price target on the stock. Guggenheim boosted their target price on shares of NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, January 22nd. Morgan Stanley dropped their target price on shares of NextEra Energy from $79.00 to $76.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 21st. 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. Finally, JPMorgan Chase & Co. boosted their target price on shares of NextEra Energy from $65.00 to $67.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 29th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $71.85.

View Our Latest Stock Report on NextEra Energy

NextEra Energy Profile

(Free Report)

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.

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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