NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Lindbrook Capital LLC

Lindbrook Capital LLC decreased its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 24.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 8,861 shares of the utilities provider’s stock after selling 2,796 shares during the quarter. Lindbrook Capital LLC’s holdings in NextEra Energy were worth $538,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Wimmer Associates 1 LLC grew its position in NextEra Energy by 3.6% during the first quarter. Wimmer Associates 1 LLC now owns 3,935 shares of the utilities provider’s stock valued at $305,000 after purchasing an additional 135 shares in the last quarter. Kolinsky Wealth Management LLC lifted its stake in NextEra Energy by 2.1% in the first quarter. Kolinsky Wealth Management LLC now owns 6,669 shares of the utilities provider’s stock valued at $514,000 after acquiring an additional 139 shares during the last quarter. Baldwin Investment Management LLC lifted its stake in NextEra Energy by 0.4% in the first quarter. Baldwin Investment Management LLC now owns 35,437 shares of the utilities provider’s stock valued at $2,731,000 after acquiring an additional 150 shares during the last quarter. Greenfield Savings Bank lifted its stake in NextEra Energy by 0.5% in the fourth quarter. Greenfield Savings Bank now owns 32,220 shares of the utilities provider’s stock valued at $1,957,000 after acquiring an additional 163 shares during the last quarter. Finally, Barnes Pettey Financial Advisors LLC lifted its stake in NextEra Energy by 1.7% in the fourth quarter. Barnes Pettey Financial Advisors LLC now owns 10,181 shares of the utilities provider’s stock valued at $851,000 after acquiring an additional 169 shares during the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. StockNews.com cut shares of NextEra Energy from a “hold” rating to a “sell” rating in a research note on Monday, February 19th. BMO Capital Markets reduced their target price on shares of NextEra Energy from $77.00 to $68.00 and set an “outperform” rating for the company in a research note on Tuesday, April 16th. Royal Bank of Canada reiterated an “outperform” rating and issued a $74.00 target price on shares of NextEra Energy in a research note on Tuesday, January 30th. Wells Fargo & Company lifted their target price 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. Finally, Barclays started coverage on shares of NextEra Energy in a research note on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $71.36.

NextEra Energy Trading Up 0.5 %

Shares of NEE stock opened at $64.30 on Monday. NextEra Energy, Inc. has a 1 year low of $47.15 and a 1 year high of $79.78. The firm’s fifty day simple moving average is $59.89 and its 200 day simple moving average is $58.61. The firm has a market capitalization of $131.97 billion, a P/E ratio of 17.81, a price-to-earnings-growth ratio of 2.31 and a beta of 0.51. The company has a current ratio of 0.55, a quick ratio of 0.47 and a debt-to-equity ratio of 1.06.

NextEra Energy (NYSE:NEE) last announced its earnings results on Thursday, January 25th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. The business had revenue of $6.88 billion for the quarter, compared to analyst estimates of $5.72 billion. During the same quarter in the previous year, the firm posted $0.51 earnings per share. As a group, sell-side analysts predict that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Increases Dividend

The firm also recently declared 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 annualized dividend and a yield of 3.20%. The ex-dividend date was Monday, February 26th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s payout ratio is 57.06%.

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.