Signature Estate & Investment Advisors LLC Trims Holdings in NextEra Energy, Inc. (NYSE:NEE)

Signature Estate & Investment Advisors LLC lowered its stake in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 63.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 223,439 shares of the utilities provider's stock after selling 391,213 shares during the period. Signature Estate & Investment Advisors LLC's holdings in NextEra Energy were worth $13,572,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Avitas Wealth Management LLC raised its stake in shares of NextEra Energy by 2.9% during the 4th quarter. Avitas Wealth Management LLC now owns 37,843 shares of the utilities provider's stock worth $2,299,000 after purchasing an additional 1,057 shares in the last quarter. Stiles Financial Services Inc raised its stake in NextEra Energy by 9.0% in the 4th quarter. Stiles Financial Services Inc now owns 35,180 shares of the utilities provider's stock valued at $2,137,000 after acquiring an additional 2,899 shares during the period. Skandinaviska Enskilda Banken AB publ raised its stake in NextEra Energy by 1.7% in the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 383,932 shares of the utilities provider's stock valued at $21,995,000 after acquiring an additional 6,325 shares during the period. Asio Capital LLC bought a new stake in NextEra Energy in the 4th quarter valued at $2,701,000. Finally, Robertson Stephens Wealth Management LLC raised its stake in NextEra Energy by 7.3% in the 3rd quarter. Robertson Stephens Wealth Management LLC now owns 17,714 shares of the utilities provider's stock valued at $1,015,000 after acquiring an additional 1,211 shares during the period. Institutional investors own 78.72% of the company's stock.

NextEra Energy Price Performance

Shares of NEE stock traded down $0.07 on Thursday, hitting $63.95. 12,143,361 shares of the company's stock were exchanged, compared to its average volume of 11,875,121. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.55 and a quick ratio of 0.47. NextEra Energy, Inc. has a 12 month low of $47.15 and a 12 month high of $79.78. The stock has a market cap of $131.24 billion, a P/E ratio of 17.71, a price-to-earnings-growth ratio of 2.30 and a beta of 0.51. The company has a 50 day moving average of $59.09 and a 200 day moving average of $58.37.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings data on Thursday, January 25th. The utilities provider reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.03. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. The business had revenue of $6.88 billion during the quarter, compared to the consensus estimate of $5.72 billion. During the same period in the prior year, the company earned $0.51 EPS. On average, equities research analysts predict that NextEra Energy, Inc. will post 3.44 EPS for the current year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were given a dividend of $0.515 per share. This is an increase from NextEra Energy's previous quarterly dividend of $0.47. This represents a $2.06 annualized dividend and a dividend yield of 3.22%. The ex-dividend date of this dividend was Monday, February 26th. NextEra Energy's dividend payout ratio is currently 57.06%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on NEE shares. Guggenheim increased their price target on NextEra Energy from $70.00 to $80.00 and gave the company a "buy" rating in a research note on Monday, January 22nd. StockNews.com lowered NextEra Energy from a "hold" rating to a "sell" rating in a report on Monday, February 19th. Mizuho reaffirmed a "buy" rating and issued a $67.00 price objective (up from $65.00) on shares of NextEra Energy in a report on Friday, March 15th. Barclays started coverage on NextEra Energy in a report on Wednesday. They issued an "equal weight" rating and a $66.00 price objective on the stock. Finally, Wells Fargo & Company upped their price objective on NextEra Energy from $84.00 to $85.00 and gave the company an "overweight" rating in a report on Tuesday, March 19th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $72.00.

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.