Nicholas Hoffman & Company LLC. Cuts Position in NextEra Energy, Inc. (NYSE:NEE)

Nicholas Hoffman & Company LLC. decreased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 12.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,230 shares of the utilities provider’s stock after selling 626 shares during the quarter. Nicholas Hoffman & Company LLC.’s holdings in NextEra Energy were worth $257,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of NextEra Energy during the 4th quarter valued at approximately $2,774,845,000. Moneta Group Investment Advisors LLC lifted its holdings in NextEra Energy by 66,613.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 30,263,816 shares of the utilities provider’s stock valued at $2,530,055,000 after purchasing an additional 30,218,452 shares in the last quarter. Mizuho Markets Americas LLC acquired a new stake in shares of NextEra Energy in the third quarter valued at about $141,817,000. Nordea Investment Management AB increased its stake in shares of NextEra Energy by 59.1% during the third quarter. Nordea Investment Management AB now owns 5,784,080 shares of the utilities provider’s stock worth $337,096,000 after purchasing an additional 2,148,205 shares in the last quarter. Finally, International Assets Investment Management LLC raised its position in shares of NextEra Energy by 7,999.6% during the 4th quarter. International Assets Investment Management LLC now owns 2,173,459 shares of the utilities provider’s stock worth $132,016,000 after purchasing an additional 2,146,625 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Mizuho reiterated a “buy” rating and issued a $67.00 price objective (up from $65.00) on shares of NextEra Energy in a report on Friday, March 15th. Wells Fargo & Company boosted their price target on NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 19th. Royal Bank of Canada reissued an “outperform” rating and issued a $74.00 price objective on shares of NextEra Energy in a research note on Tuesday, January 30th. BMO Capital Markets lowered their target price on shares of NextEra Energy from $77.00 to $68.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 16th. Finally, StockNews.com cut shares of NextEra Energy from a “hold” rating to a “sell” rating in a research report on Monday, February 19th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $71.36.

NextEra Energy Price Performance

NEE stock opened at $64.30 on Monday. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $79.78. The business has a fifty day moving average of $59.89 and a two-hundred day moving average of $58.61. The stock has a market cap of $131.97 billion, a price-to-earnings ratio of 17.81, a price-to-earnings-growth ratio of 2.31 and a beta of 0.51. The company has a quick ratio of 0.47, a current ratio of 0.55 and a debt-to-equity ratio of 1.06.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data 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 return on equity of 11.73% and a net margin of 26.00%. The firm had revenue of $6.88 billion during the quarter, compared to the consensus estimate of $5.72 billion. During the same period last year, the company earned $0.51 EPS. As a group, research analysts anticipate that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were issued a $0.515 dividend. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. This represents a $2.06 annualized dividend and a dividend yield of 3.20%. The ex-dividend date was Monday, February 26th. NextEra Energy’s dividend payout ratio is currently 57.06%.

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.