NextEra Energy, Inc. (NYSE:NEE) Holdings Reduced by Investment Partners LTD.

Investment Partners LTD. lessened its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 25.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,963 shares of the utilities provider’s stock after selling 1,658 shares during the period. Investment Partners LTD.’s holdings in NextEra Energy were worth $317,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Clear Investment Research LLC increased its stake in shares of NextEra Energy by 387.2% during the fourth quarter. Clear Investment Research LLC now owns 458 shares of the utilities provider’s stock valued at $28,000 after acquiring an additional 364 shares during the period. BOK Financial Private Wealth Inc. acquired a new position in NextEra Energy in the 4th quarter worth approximately $29,000. Stuart Chaussee & Associates Inc. grew its position in NextEra Energy by 315.4% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 540 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 410 shares in the last quarter. Valued Wealth Advisors LLC purchased a new position in NextEra Energy during the 4th quarter worth approximately $34,000. Finally, Rakuten Securities Inc. acquired a new stake in NextEra Energy during the 4th quarter valued at $34,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Performance

Shares of NEE traded down $1.42 during mid-day trading on Friday, hitting $72.30. The company’s stock had a trading volume of 2,327,976 shares, compared to its average volume of 11,820,090. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.43 and a current ratio of 0.51. NextEra Energy, Inc. has a one year low of $47.15 and a one year high of $80.47. The stock’s 50-day moving average is $72.93 and its two-hundred day moving average is $64.33. The firm has a market capitalization of $148.54 billion, a PE ratio of 19.79, a price-to-earnings-growth ratio of 2.51 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last released its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.11. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The business had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $6.28 billion. During the same quarter last year, the company earned $0.84 earnings per share. The firm’s revenue was down 14.7% on a year-over-year basis. As a group, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were paid a dividend of $0.515 per share. The ex-dividend date was Monday, June 3rd. This represents a $2.06 dividend on an annualized basis and a yield of 2.85%. NextEra Energy’s dividend payout ratio is currently 56.13%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on NEE shares. StockNews.com upgraded NextEra Energy from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. Wells Fargo & Company restated an “overweight” rating and set a $95.00 price target on shares of NextEra Energy in a report on Wednesday, June 12th. Evercore ISI boosted their price objective on shares of NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a research report on Wednesday, June 12th. JPMorgan Chase & Co. increased their target price on shares of NextEra Energy from $76.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday, June 20th. Finally, Barclays lowered their price target on shares of 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 assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $77.57.

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.