S.A. Mason LLC Sells 260 Shares of NextEra Energy, Inc. (NYSE:NEE)

S.A. Mason LLC lessened its holdings in NextEra Energy, Inc. (NYSE:NEE) by 2.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,666 shares of the utilities provider’s stock after selling 260 shares during the period. S.A. Mason LLC’s holdings in NextEra Energy were worth $648,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of NEE. Country Trust Bank lifted its stake in NextEra Energy by 975.6% in the 3rd quarter. Country Trust Bank now owns 441 shares of the utilities provider’s stock valued at $25,000 after purchasing an additional 400 shares during the last quarter. Alaska Permanent Fund Corp increased its holdings in NextEra Energy by 59.8% in the 3rd quarter. Alaska Permanent Fund Corp now owns 556 shares of the utilities provider’s stock worth $32,000 after purchasing an additional 208 shares in the last quarter. Coppell Advisory Solutions LLC bought a new position in NextEra Energy in the second quarter valued at about $32,000. Valued Wealth Advisors LLC acquired a new stake in shares of NextEra Energy during the fourth quarter valued at about $34,000. Finally, West Tower Group LLC bought a new stake in shares of NextEra Energy during the second quarter worth about $36,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NEE. StockNews.com lowered shares of NextEra Energy from a “hold” rating to a “sell” rating in a report on Monday, February 19th. Wells Fargo & Company increased 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. BMO Capital Markets lifted their target price on NextEra Energy from $76.00 to $77.00 and gave the stock an “outperform” rating in a report on Monday, March 18th. Citigroup started coverage on NextEra Energy in a research note on Friday, December 8th. They issued a “buy” rating and a $69.00 price target for the company. Finally, Guggenheim upped their target price on NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a report on Monday, January 22nd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, NextEra Energy presently has a consensus rating of “Moderate Buy” and an average price target of $72.46.

NextEra Energy Stock Performance

Shares of NEE stock opened at $63.79 on Thursday. The firm has a 50 day moving average of $57.72 and a 200-day moving average of $58.58. The company has a market cap of $130.92 billion, a price-to-earnings ratio of 17.67, a price-to-earnings-growth ratio of 2.18 and a beta of 0.50. 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, Inc. has a 52 week low of $47.15 and a 52 week high of $79.78.

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

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were given a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 3.23%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Monday, February 26th. NextEra Energy’s payout ratio is presently 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.