NextEra Energy, Inc. (NYSE:NEE) Stake Lessened by Creekmur Asset Management LLC

Creekmur Asset Management LLC lowered its holdings in NextEra Energy, Inc. (NYSE:NEE) by 83.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 898 shares of the utilities provider’s stock after selling 4,646 shares during the period. Creekmur Asset Management LLC’s holdings in NextEra Energy were worth $57,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Motley Fool Asset Management LLC raised its holdings in shares of NextEra Energy by 283.7% during the first quarter. Motley Fool Asset Management LLC now owns 215,648 shares of the utilities provider’s stock worth $13,782,000 after acquiring an additional 159,446 shares in the last quarter. Global Financial Private Client LLC raised its holdings in shares of NextEra Energy by 44.8% during the first quarter. Global Financial Private Client LLC now owns 2,329 shares of the utilities provider’s stock worth $148,000 after acquiring an additional 721 shares in the last quarter. Meiji Yasuda Life Insurance Co raised its holdings in shares of NextEra Energy by 6.3% during the first quarter. Meiji Yasuda Life Insurance Co now owns 56,846 shares of the utilities provider’s stock worth $3,633,000 after acquiring an additional 3,379 shares in the last quarter. Levin Capital Strategies L.P. purchased a new stake in shares of NextEra Energy during the first quarter worth $387,000. Finally, B. Riley Wealth Advisors Inc. raised its holdings in shares of NextEra Energy by 11.5% during the first quarter. B. Riley Wealth Advisors Inc. now owns 206,009 shares of the utilities provider’s stock worth $13,166,000 after acquiring an additional 21,195 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

NEE has been the topic of several recent research reports. Evercore ISI raised their target price on NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a report on Wednesday, June 12th. BMO Capital Markets raised their target price on NextEra Energy from $79.00 to $83.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Citigroup raised their price target on NextEra Energy from $69.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, June 27th. Scotiabank raised their price target on NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a research report on Monday, April 22nd. Finally, Mizuho downgraded NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 target price on the stock. in a research 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’s stock. According to data from MarketBeat.com, NextEra Energy has a consensus rating of “Moderate Buy” and an average price target of $78.00.

NextEra Energy Stock Performance

Shares of NYSE:NEE traded up $0.79 on Thursday, reaching $77.18. 2,145,950 shares of the company’s stock were exchanged, compared to its average volume of 11,623,456. The company has a fifty day moving average of $73.82 and a 200-day moving average of $66.37. NextEra Energy, Inc. has a twelve month low of $47.15 and a twelve month high of $80.47. The company has a market capitalization of $158.57 billion, a price-to-earnings ratio of 20.88, a PEG ratio of 2.70 and a beta of 0.54. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 EPS for the quarter, beating the consensus estimate of $0.93 by $0.03. The business had revenue of $6.07 billion during the quarter, compared to the consensus estimate of $7.29 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. During the same quarter in the prior year, the firm earned $0.88 EPS. On average, research analysts predict that NextEra Energy, Inc. will post 3.39 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date is Friday, August 30th. NextEra Energy’s payout ratio is 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.