Newbridge Financial Services Group Inc. Decreases Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Newbridge Financial Services Group Inc. trimmed its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 24.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,278 shares of the utilities provider’s stock after selling 405 shares during the period. Newbridge Financial Services Group Inc.’s holdings in NextEra Energy were worth $78,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Norges Bank bought a new position in NextEra Energy in the 4th quarter valued at $2,561,055,000. International Assets Investment Management LLC grew 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 buying an additional 2,146,625 shares in the last quarter. Vanguard Group Inc. grew its position in shares of NextEra Energy by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock worth $11,368,065,000 after buying an additional 1,956,153 shares in the last quarter. Capital World Investors bought a new position in shares of NextEra Energy during the 4th quarter worth $114,953,000. Finally, AEGON ASSET MANAGEMENT UK Plc bought a new position in shares of NextEra Energy during the 4th quarter worth $94,883,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on NEE shares. Mizuho downgraded NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price target on the stock. in a research report on Wednesday, June 12th. StockNews.com upgraded NextEra Energy from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Bank of America increased their price objective on NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday, April 23rd. BMO Capital Markets increased their price objective on NextEra Energy from $78.00 to $79.00 and gave the company an “outperform” rating in a report on Wednesday, June 12th. Finally, Barclays cut their price objective on NextEra Energy from $74.00 to $73.00 and set an “equal weight” rating on the stock in a report on Thursday, June 13th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $74.86.

NextEra Energy Price Performance

NEE traded down $2.49 during trading on Tuesday, hitting $69.82. The company’s stock had a trading volume of 9,377,073 shares, compared to its average volume of 11,665,520. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.12. NextEra Energy, Inc. has a twelve month low of $47.15 and a twelve month high of $80.47. The business’s fifty day simple moving average is $71.69 and its 200 day simple moving average is $63.72. The firm has a market capitalization of $143.45 billion, a price-to-earnings ratio of 18.94, a P/E/G ratio of 2.51 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, beating the consensus estimate of $0.80 by $0.11. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The company had revenue of $5.73 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same period last year, the company earned $0.84 earnings per share. NextEra Energy’s quarterly revenue was down 14.7% compared to the same quarter last year. On average, equities research analysts forecast that NextEra Energy, Inc. will post 3.39 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were given a $0.515 dividend. The ex-dividend date was Monday, June 3rd. This represents a $2.06 annualized dividend and a dividend yield of 2.95%. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

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.