Tilt Investment Management Holdings PBC Has $510,000 Position in NextEra Energy, Inc. (NYSE:NEE)

Tilt Investment Management Holdings PBC trimmed its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 20.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,403 shares of the utilities provider’s stock after selling 2,186 shares during the period. Tilt Investment Management Holdings PBC’s holdings in NextEra Energy were worth $510,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Wimmer Associates 1 LLC boosted 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 during the last quarter. Kolinsky Wealth Management LLC raised its stake in shares of NextEra Energy by 2.1% during the 1st quarter. Kolinsky Wealth Management LLC now owns 6,669 shares of the utilities provider’s stock worth $514,000 after purchasing an additional 139 shares in the last quarter. Baldwin Investment Management LLC boosted its holdings in shares of NextEra Energy by 0.4% in the 1st quarter. Baldwin Investment Management LLC now owns 35,437 shares of the utilities provider’s stock valued at $2,731,000 after buying an additional 150 shares during the last quarter. Greenfield Savings Bank grew its stake in shares of 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 buying an additional 163 shares in the last quarter. Finally, Barnes Pettey Financial Advisors LLC increased its holdings in NextEra Energy by 1.7% during the fourth quarter. Barnes Pettey Financial Advisors LLC now owns 10,181 shares of the utilities provider’s stock worth $851,000 after buying an additional 169 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

NEE has been the subject of a number of recent analyst reports. Wells Fargo & Company increased their price target 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. Mizuho reiterated a “buy” rating and set a $67.00 price target (up previously from $65.00) on shares of NextEra Energy in a report on Friday, March 15th. Barclays assumed coverage on NextEra Energy in a research note on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 price objective on the stock. StockNews.com cut NextEra Energy from a “hold” rating to a “sell” rating in a research report on Monday, February 19th. Finally, Guggenheim boosted their target price on NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. Two equities research 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $71.36.

NextEra Energy Stock Performance

Shares of NextEra Energy stock traded up $0.39 during trading on Thursday, reaching $64.18. The company’s stock had a trading volume of 6,375,735 shares, compared to its average volume of 11,798,856. NextEra Energy, Inc. has a 52 week low of $47.15 and a 52 week high of $79.78. The firm has a market cap of $131.72 billion, a PE ratio of 17.72, a P/E/G ratio of 2.22 and a beta of 0.51. The business’s 50-day moving average price is $59.58 and its 200-day moving average price is $58.39. 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 posted its quarterly earnings data on Thursday, January 25th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $6.88 billion during the quarter, compared to the consensus estimate of $5.72 billion. During the same quarter in the previous year, the firm posted $0.51 EPS. Equities analysts forecast 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. Shareholders of record on Tuesday, February 27th were paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 3.21%. 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 dividend payout ratio (DPR) 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.