NextEra Energy, Inc. (NYSE:NEE) Holdings Cut by Yousif Capital Management LLC

Yousif Capital Management LLC reduced its stake in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 3.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 373,244 shares of the utilities provider's stock after selling 12,880 shares during the period. Yousif Capital Management LLC's holdings in NextEra Energy were worth $22,671,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Avitas Wealth Management LLC grew its stake in 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 buying an additional 1,057 shares during the last quarter. Stiles Financial Services Inc increased its holdings in shares of NextEra Energy by 9.0% in the 4th 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 during the period. Skandinaviska Enskilda Banken AB publ lifted its position 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 purchasing an additional 6,325 shares during the last quarter. Asio Capital LLC acquired a new position in NextEra Energy during the 4th quarter valued at about $2,701,000. Finally, Robertson Stephens Wealth Management LLC grew its position 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 worth $1,015,000 after purchasing an additional 1,211 shares during the last quarter. 78.72% of the stock is owned by institutional investors.

NextEra Energy Trading Up 1.3 %

Shares of NYSE:NEE traded up $0.87 during midday trading on Tuesday, reaching $66.18. The company had a trading volume of 14,348,517 shares, compared to its average volume of 11,940,309. The company has a fifty day simple moving average of $60.26 and a two-hundred day simple moving average of $58.83. The firm has a market cap of $135.83 billion, a price-to-earnings ratio of 18.33, a price-to-earnings-growth ratio of 2.31 and a beta of 0.51. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $79.25. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.47 and a current ratio of 0.55.

NextEra Energy (NYSE:NEE - Get Free Report) last released its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.11. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. The business had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $6.28 billion. During the same period last year, the firm posted $0.84 earnings per share. The firm's quarterly revenue was down 14.7% compared to the same quarter last year. Research analysts predict that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were issued a $0.515 dividend. The ex-dividend date was Monday, February 26th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.11%. This is a positive change from NextEra Energy's previous quarterly dividend of $0.47. NextEra Energy's dividend payout ratio is presently 57.06%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on NEE. Barclays started coverage on NextEra Energy in a report on Wednesday, April 10th. They set an "equal weight" rating and a $66.00 price target on the stock. Scotiabank lifted their target price on NextEra Energy from $69.00 to $73.00 and gave the company a "sector outperform" rating in a research note on Monday. StockNews.com raised NextEra Energy from a "sell" rating to a "hold" rating in a research note on Monday. Guggenheim lifted their price objective on shares of NextEra Energy from $70.00 to $80.00 and gave the company a "buy" rating in a research note on Monday, January 22nd. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $74.00 target price on shares of NextEra Energy in a research report on Tuesday, January 30th. 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 data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $70.93.

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.

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