Quantum Private Wealth LLC Cuts Stake in NextEra Energy, Inc. (NYSE:NEE)

Quantum Private Wealth LLC reduced its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,553 shares of the utilities provider’s stock after selling 166 shares during the period. Quantum Private Wealth LLC’s holdings in NextEra Energy were worth $900,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Burkett Financial Services LLC grew its holdings in shares of NextEra Energy by 1,229.6% during the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 332 shares during the last quarter. Reston Wealth Management LLC purchased a new stake in NextEra Energy during the third quarter valued at about $27,000. Sugar Maple Asset Management LLC bought a new position in shares of NextEra Energy during the fourth quarter valued at about $28,000. Quarry LP purchased a new position in shares of NextEra Energy in the third quarter worth about $33,000. Finally, Luken Investment Analytics LLC bought a new stake in shares of NextEra Energy in the 4th quarter valued at about $36,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Barclays raised their price target on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. cut their target price on shares of NextEra Energy from $99.00 to $90.00 in a report on Monday, January 27th. Guggenheim upped their price target on shares of NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Royal Bank of Canada lowered shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Finally, Morgan Stanley upped their price objective on shares of NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $85.85.

NextEra Energy Stock Down 0.8 %

NEE stock opened at $68.06 on Friday. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10. The company has a market capitalization of $139.97 billion, a price-to-earnings ratio of 20.20, a price-to-earnings-growth ratio of 2.42 and a beta of 0.58. The business’s 50 day moving average price is $70.97 and its two-hundred day moving average price is $76.82. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. As a group, analysts forecast that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be given a dividend of $0.5665 per share. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 dividend on an annualized basis and a yield of 3.33%. NextEra Energy’s dividend payout ratio (DPR) is 61.13%.

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.