NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Pacer Advisors Inc.

Pacer Advisors Inc. lessened its stake in NextEra Energy, Inc. (NYSE:NEE) by 34.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 133,095 shares of the utilities provider’s stock after selling 68,517 shares during the quarter. Pacer Advisors Inc.’s holdings in NextEra Energy were worth $8,084,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of NEE. Skandinaviska Enskilda Banken AB publ grew its stake in shares of NextEra Energy by 1.7% during the 3rd 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 during the period. Asio Capital LLC acquired a new stake in NextEra Energy during the fourth quarter valued at $2,701,000. Robertson Stephens Wealth Management LLC increased its holdings 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 valued at $1,015,000 after buying an additional 1,211 shares in the last quarter. Cavalry Management Group LLC raised its position in shares of NextEra Energy by 15.5% in the second quarter. Cavalry Management Group LLC now owns 4,600 shares of the utilities provider’s stock worth $341,000 after acquiring an additional 617 shares during the period. Finally, Jackson Wealth Management LLC boosted its stake in shares of NextEra Energy by 3.9% during the 3rd quarter. Jackson Wealth Management LLC now owns 103,366 shares of the utilities provider’s stock worth $5,922,000 after acquiring an additional 3,926 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

NextEra Energy stock opened at $63.79 on Thursday. The firm has a 50 day simple moving average of $57.72 and a 200-day simple moving average of $58.58. 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 stock has a market cap of $130.92 billion, a price-to-earnings ratio of 17.58, a price-to-earnings-growth ratio of 2.22 and a beta of 0.50. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $79.78.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Thursday, January 25th. The utilities provider reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The business had revenue of $6.88 billion during 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 period in the prior year, the business posted $0.51 EPS. On average, analysts expect that NextEra Energy, Inc. will post 3.44 EPS for the current year.

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were given a dividend of $0.515 per share. The ex-dividend date of this dividend was Monday, February 26th. 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 3.23%. NextEra Energy’s dividend payout ratio (DPR) is currently 57.06%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NEE. Guggenheim upped their price target on NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. Citigroup began coverage on NextEra Energy in a research report on Friday, December 8th. They set a “buy” rating and a $69.00 target price on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $74.00 price target on shares of NextEra Energy in a report on Tuesday, January 30th. Wells Fargo & Company boosted their target price on shares of NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 19th. Finally, JPMorgan Chase & Co. raised their target price on NextEra Energy from $65.00 to $67.00 and gave the company 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 eleven have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $72.46.

About NextEra Energy

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.