Gries Financial LLC Has $362,000 Holdings in NextEra Energy, Inc. (NYSE:NEE)

Gries Financial LLC cut its holdings in NextEra Energy, Inc. (NYSE:NEE – Get Rating) by 62.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,330 shares of the utilities provider’s stock after selling 7,200 shares during the period. Gries Financial LLC’s holdings in NextEra Energy were worth $362,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Childress Capital Advisors LLC raised its holdings in shares of NextEra Energy by 1.5% during the 2nd quarter. Childress Capital Advisors LLC now owns 7,380 shares of the utilities provider’s stock valued at $572,000 after buying an additional 112 shares in the last quarter. Rehmann Capital Advisory Group raised its holdings in shares of NextEra Energy by 0.7% during the 2nd quarter. Rehmann Capital Advisory Group now owns 17,520 shares of the utilities provider’s stock valued at $1,357,000 after buying an additional 123 shares in the last quarter. Formidable Asset Management LLC raised its holdings in shares of NextEra Energy by 1.6% during the 3rd quarter. Formidable Asset Management LLC now owns 8,093 shares of the utilities provider’s stock valued at $614,000 after buying an additional 129 shares in the last quarter. Meritage Portfolio Management raised its holdings in shares of NextEra Energy by 3.2% during the 3rd quarter. Meritage Portfolio Management now owns 4,292 shares of the utilities provider’s stock valued at $337,000 after buying an additional 132 shares in the last quarter. Finally, Liberty Wealth Management LLC raised its holdings in shares of NextEra Energy by 4.3% during the 3rd quarter. Liberty Wealth Management LLC now owns 3,170 shares of the utilities provider’s stock valued at $248,000 after buying an additional 132 shares in the last quarter. 76.17% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Price Performance

NYSE NEE opened at $75.67 on Friday. NextEra Energy, Inc. has a 52 week low of $67.22 and a 52 week high of $91.35. The firm has a market capitalization of $150.39 billion, a P/E ratio of 36.21, a PEG ratio of 2.65 and a beta of 0.44. The company has a quick ratio of 0.43, a current ratio of 0.51 and a debt-to-equity ratio of 1.14. The company has a 50-day moving average price of $76.77 and a 200-day moving average price of $80.31.

NextEra Energy (NYSE:NEE – Get Rating) last released its earnings results on Wednesday, January 25th. The utilities provider reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.01. The company had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.58 billion. NextEra Energy had a net margin of 19.79% and a return on equity of 12.51%. The firm’s quarterly revenue was up 22.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.41 EPS. Equities research analysts anticipate that NextEra Energy, Inc. will post 3.12 earnings per share for the current year.

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 15th. Investors of record on Tuesday, February 28th were issued a $0.4675 dividend. This represents a $1.87 annualized dividend and a yield of 2.47%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Monday, February 27th. NextEra Energy’s dividend payout ratio is currently 89.47%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on NEE. Credit Suisse Group decreased their price objective on NextEra Energy from $89.00 to $85.00 and set an “outperform” rating on the stock in a report on Thursday, January 26th. Morgan Stanley dropped their target price on shares of NextEra Energy from $100.00 to $97.00 and set an “overweight” rating on the stock in a report on Wednesday, February 22nd. Bank of America cut shares of NextEra Energy from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $94.00 to $80.00 in a research note on Thursday, January 26th. Guggenheim dropped their price target on shares of NextEra Energy from $102.00 to $96.00 and set a “buy” rating on the stock in a research note on Thursday, January 26th. Finally, Royal Bank of Canada dropped their price target on shares of NextEra Energy from $101.00 to $98.00 and set an “outperform” rating on the stock in a research note on Monday, January 30th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, NextEra Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $91.83.

Insider Buying and Selling

In other NextEra Energy news, CEO Armando Pimentel, Jr. purchased 13,200 shares of the company’s stock in a transaction on Tuesday, February 21st. The stock was acquired at an average cost of $75.44 per share, for a total transaction of $995,808.00. Following the purchase, the chief executive officer now directly owns 129,230 shares of the company’s stock, valued at approximately $9,749,111.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CFO Terrell Kirk Crews II bought 2,672 shares of the stock in a transaction dated Monday, February 6th. The stock was purchased at an average cost of $74.87 per share, for a total transaction of $200,052.64. Following the transaction, the chief financial officer now owns 33,170 shares of the company’s stock, valued at $2,483,437.90. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Armando Pimentel, Jr. bought 13,200 shares of the stock in a transaction dated Tuesday, February 21st. The shares were purchased at an average price of $75.44 per share, with a total value of $995,808.00. Following the completion of the transaction, the chief executive officer now directly owns 129,230 shares in the company, valued at approximately $9,749,111.20. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 18,872 shares of company stock valued at $1,417,721. 0.38% of the stock is owned by corporate insiders.

NextEra Energy Company Profile

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NextEra Energy, Inc engages in the provision of renewable energy. It operates through the following segments: FPL and NEER. The FPL segment involves the generation, transmission, distribution, and sale of electric energy in Florida. The NEER segment produces electricity from clean and renewable sources, including wind and solar.