Castle Wealth Management LLC Decreases Stake in NextEra Energy, Inc. (NYSE:NEE)

Castle Wealth Management LLC reduced its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,060 shares of the utilities provider’s stock after selling 318 shares during the period. Castle Wealth Management LLC’s holdings in NextEra Energy were worth $733,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in NEE. Wimmer Associates 1 LLC raised its stake in shares of 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 in the last quarter. Kolinsky Wealth Management LLC grew its stake in NextEra Energy by 2.1% during the 1st quarter. Kolinsky Wealth Management LLC now owns 6,669 shares of the utilities provider’s stock valued at $514,000 after acquiring an additional 139 shares in the last quarter. Baldwin Investment Management LLC grew its stake in NextEra Energy by 0.4% during the 1st quarter. Baldwin Investment Management LLC now owns 35,437 shares of the utilities provider’s stock valued at $2,731,000 after acquiring an additional 150 shares in the last quarter. Greenfield Savings Bank grew its stake in NextEra Energy by 0.5% during the 4th quarter. Greenfield Savings Bank now owns 32,220 shares of the utilities provider’s stock valued at $1,957,000 after acquiring an additional 163 shares in the last quarter. Finally, Barnes Pettey Financial Advisors LLC grew its stake in NextEra Energy by 1.7% during the 4th quarter. Barnes Pettey Financial Advisors LLC now owns 10,181 shares of the utilities provider’s stock valued at $851,000 after acquiring an additional 169 shares in the last quarter. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on NEE shares. Guggenheim lifted their price target on NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a report on Monday, January 22nd. Mizuho reiterated a “buy” rating and set a $67.00 price target (up from $65.00) on shares of NextEra Energy in a report on Friday, March 15th. Royal Bank of Canada restated an “outperform” rating and issued a $74.00 target price on shares of NextEra Energy in a report on Tuesday, January 30th. Wells Fargo & Company boosted their target price on NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, March 19th. Finally, BMO Capital Markets reduced their target price on NextEra Energy from $77.00 to $68.00 and set an “outperform” rating for the company in a report on Tuesday. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, NextEra Energy has a consensus rating of “Moderate Buy” and an average price target of $71.36.

NextEra Energy Stock Performance

NYSE NEE traded up $0.30 during trading on Friday, hitting $64.31. The company’s stock had a trading volume of 13,418,835 shares, compared to its average volume of 11,871,479. The company has a quick ratio of 0.47, a current ratio of 0.55 and a debt-to-equity ratio of 1.06. The firm has a 50 day moving average price of $59.89 and a 200 day moving average price of $58.51. The firm has a market cap of $131.99 billion, a P/E ratio of 17.81, a price-to-earnings-growth ratio of 2.29 and a beta of 0.51. NextEra Energy, Inc. has a 52 week low of $47.15 and a 52 week high of $79.78.

NextEra Energy (NYSE:NEE) last released 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. The business had revenue of $6.88 billion for the quarter, compared to analysts’ expectations of $5.72 billion. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. During the same period in the previous year, the business posted $0.51 earnings per share. Equities research analysts forecast that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Increases Dividend

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

NextEra Energy 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.