NextEra Energy, Inc. (NYSE:NEE) Stock Holdings Cut by Mission Wealth Management LP

Mission Wealth Management LP reduced its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 20.8% in the first quarter, HoldingsChannel.com reports. The firm owned 28,830 shares of the utilities provider’s stock after selling 7,566 shares during the period. Mission Wealth Management LP’s holdings in NextEra Energy were worth $1,843,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in NextEra Energy during the fourth quarter valued at $2,561,055,000. State of Michigan Retirement System increased its stake in NextEra Energy by 400.7% in the 1st quarter. State of Michigan Retirement System now owns 2,812,198 shares of the utilities provider’s stock valued at $179,728,000 after buying an additional 2,250,500 shares during the period. International Assets Investment Management LLC lifted its position in NextEra Energy by 7,999.6% in the 4th quarter. International Assets Investment Management LLC now owns 2,173,459 shares of the utilities provider’s stock worth $132,016,000 after buying an additional 2,146,625 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of NextEra Energy by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock valued at $11,368,065,000 after buying an additional 1,956,153 shares during the period. Finally, Capital World Investors purchased a new position in shares of NextEra Energy during the 4th quarter valued at $114,953,000. 78.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on NEE shares. Scotiabank boosted 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, April 22nd. Royal Bank of Canada lifted their target price on shares of NextEra Energy from $74.00 to $84.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. Citigroup raised their price target on shares of NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, June 27th. Barclays cut their price target on shares of NextEra Energy from $74.00 to $73.00 and set an “equal weight” rating on the stock in a report on Thursday, June 13th. Finally, Evercore ISI raised their price target on shares of NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a report on Wednesday, June 12th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $77.57.

NextEra Energy Stock Performance

NYSE NEE traded up $0.26 during midday trading on Friday, hitting $72.09. The company had a trading volume of 7,689,004 shares, compared to its average volume of 11,988,826. The company has a quick ratio of 0.43, a current ratio of 0.51 and a debt-to-equity ratio of 1.12. The stock has a market cap of $148.11 billion, a price-to-earnings ratio of 19.64, a P/E/G ratio of 2.46 and a beta of 0.54. The firm has a fifty day simple moving average of $73.75 and a two-hundred day simple moving average of $64.81. NextEra Energy, Inc. has a fifty-two week low of $47.15 and a fifty-two week high of $80.47.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.11. The company had revenue of $5.73 billion for the quarter, compared to analyst estimates of $6.28 billion. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The business’s quarterly revenue was down 14.7% on a year-over-year basis. During the same period last year, the business posted $0.84 EPS. Equities analysts forecast that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were given a $0.515 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $2.06 dividend on an annualized basis and a yield of 2.86%. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

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.