Bender Robert & Associates Sells 1,805 Shares of NextEra Energy, Inc. (NYSE:NEE)

Bender Robert & Associates lowered its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 4.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 38,430 shares of the utilities provider’s stock after selling 1,805 shares during the period. NextEra Energy makes up 0.6% of Bender Robert & Associates’ investment portfolio, making the stock its 24th biggest holding. Bender Robert & Associates’ holdings in NextEra Energy were worth $2,334,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in NEE. Avitas Wealth Management LLC raised its stake in shares of NextEra Energy by 2.9% in the 4th quarter. Avitas Wealth Management LLC now owns 37,843 shares of the utilities provider’s stock valued at $2,299,000 after buying an additional 1,057 shares in the last quarter. Stiles Financial Services Inc raised its position in NextEra Energy by 9.0% in the fourth quarter. Stiles Financial Services Inc now owns 35,180 shares of the utilities provider’s stock worth $2,137,000 after purchasing an additional 2,899 shares in the last quarter. Skandinaviska Enskilda Banken AB publ raised its position in NextEra Energy by 1.7% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 383,932 shares of the utilities provider’s stock worth $21,995,000 after purchasing an additional 6,325 shares in the last quarter. Asio Capital LLC bought a new position in NextEra Energy during the fourth quarter worth about $2,701,000. Finally, Robertson Stephens Wealth Management LLC boosted its holdings in NextEra Energy by 7.3% during the third quarter. Robertson Stephens Wealth Management LLC now owns 17,714 shares of the utilities provider’s stock valued at $1,015,000 after purchasing an additional 1,211 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Up 0.3 %

NextEra Energy stock traded up $0.22 during mid-day trading on Thursday, hitting $64.01. The stock had a trading volume of 10,132,734 shares, compared to its average volume of 11,851,040. The stock has a market capitalization of $131.38 billion, a PE ratio of 17.72, a P/E/G ratio of 2.22 and a beta of 0.51. NextEra Energy, Inc. has a 12 month low of $47.15 and a 12 month high of $79.78. The company has a current ratio of 0.55, a quick ratio of 0.47 and a debt-to-equity ratio of 1.06. The stock has a 50-day simple moving average of $59.58 and a two-hundred day simple moving average of $58.39.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Thursday, January 25th. The utilities provider reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $5.72 billion. During the same period in the previous year, the firm posted $0.51 earnings per share. As a group, sell-side analysts forecast that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date was Monday, February 26th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s dividend payout ratio is currently 57.06%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on NEE shares. Mizuho reissued a “buy” rating and issued a $67.00 target price (up from $65.00) on shares of NextEra Energy in a report on Friday, March 15th. Royal Bank of Canada reissued an “outperform” rating and set a $74.00 price objective on shares of NextEra Energy in a report on Tuesday, January 30th. StockNews.com lowered shares of NextEra Energy from a “hold” rating to a “sell” rating in a report on Monday, February 19th. Barclays started coverage on shares of NextEra Energy in a report on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 price target for the company. Finally, Guggenheim boosted their price target on shares of NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, NextEra Energy currently has an average rating of “Moderate Buy” and a consensus target price of $71.36.

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.