Measured Wealth Private Client Group LLC Sells 193 Shares of NextEra Energy, Inc. (NYSE:NEE)

Measured Wealth Private Client Group LLC lessened its holdings in NextEra Energy, Inc. (NYSE:NEE) by 3.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,091 shares of the utilities provider’s stock after selling 193 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in NextEra Energy were worth $370,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in NEE. Avitas Wealth Management LLC raised its position in NextEra Energy by 2.9% during the fourth quarter. Avitas Wealth Management LLC now owns 37,843 shares of the utilities provider’s stock worth $2,299,000 after acquiring an additional 1,057 shares in the last quarter. Stiles Financial Services Inc raised its position in NextEra Energy by 9.0% during the fourth quarter. Stiles Financial Services Inc now owns 35,180 shares of the utilities provider’s stock worth $2,137,000 after acquiring an additional 2,899 shares in the last quarter. Skandinaviska Enskilda Banken AB publ raised its position in NextEra Energy by 1.7% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 383,932 shares of the utilities provider’s stock worth $21,995,000 after acquiring an additional 6,325 shares in the last quarter. Asio Capital LLC bought a new stake in NextEra Energy during the fourth quarter worth $2,701,000. Finally, Robertson Stephens Wealth Management LLC raised its position in NextEra Energy by 7.3% during the third quarter. Robertson Stephens Wealth Management LLC now owns 17,714 shares of the utilities provider’s stock worth $1,015,000 after acquiring an additional 1,211 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

Wall Street Analysts Forecast Growth

NEE has been the topic of several analyst reports. BMO Capital Markets upped their price target on shares of NextEra Energy from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, April 25th. Bank of America upped their price objective on shares of NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday, April 23rd. Guggenheim upped their price objective on shares of NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a report on Monday, January 22nd. Mizuho upped their price objective on shares of NextEra Energy from $67.00 to $71.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. Finally, Wells Fargo & Company upped their price objective on shares of NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $71.50.

NextEra Energy Stock Performance

Shares of NEE stock traded up $1.29 on Friday, hitting $70.14. The company’s stock had a trading volume of 12,687,503 shares, compared to its average volume of 11,442,457. The company has a market capitalization of $144.10 billion, a PE ratio of 19.11, a PEG ratio of 2.53 and a beta of 0.50. 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 fifty-two week low of $47.15 and a fifty-two week high of $78.53. The stock’s 50 day moving average is $62.00 and its 200-day moving average is $59.58.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. The firm had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $6.28 billion. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The business’s revenue for the quarter was down 14.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.84 earnings per share. Equities research analysts expect 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. 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 2.94%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date was Monday, February 26th. NextEra Energy’s dividend payout ratio is presently 56.13%.

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.