O Brien Greene & Co. Inc Reduces Stock Position in NextEra Energy, Inc. (NYSE:NEE)

O Brien Greene & Co. Inc cut its holdings in NextEra Energy, Inc. (NYSE:NEE) by 0.4% during the 4th quarter, Holdings Channel reports. The firm owned 93,280 shares of the utilities provider’s stock after selling 380 shares during the period. NextEra Energy comprises approximately 2.0% of O Brien Greene & Co. Inc’s investment portfolio, making the stock its 23rd biggest holding. O Brien Greene & Co. Inc’s holdings in NextEra Energy were worth $5,666,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. grew its position in shares of NextEra Energy by 1.0% in the third quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock valued at $11,368,065,000 after purchasing an additional 1,956,153 shares during the last quarter. Northern Trust Corp grew its position in shares of NextEra Energy by 2.0% in the third quarter. Northern Trust Corp now owns 22,982,250 shares of the utilities provider’s stock valued at $1,316,653,000 after purchasing an additional 455,271 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of NextEra Energy by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 10,352,695 shares of the utilities provider’s stock valued at $593,106,000 after purchasing an additional 148,674 shares during the last quarter. California Public Employees Retirement System grew its position in shares of NextEra Energy by 2.4% in the third quarter. California Public Employees Retirement System now owns 9,026,464 shares of the utilities provider’s stock valued at $517,126,000 after purchasing an additional 209,584 shares during the last quarter. Finally, Nordea Investment Management AB grew its position in shares of NextEra Energy by 59.1% in the third quarter. Nordea Investment Management AB now owns 5,784,080 shares of the utilities provider’s stock valued at $337,096,000 after purchasing an additional 2,148,205 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Performance

Shares of NEE stock opened at $66.01 on Friday. The company’s fifty day simple moving average is $60.85 and its 200-day simple moving average is $59.06. NextEra Energy, Inc. has a 52 week low of $47.15 and a 52 week high of $78.53. The company has a current ratio of 0.51, a quick ratio of 0.47 and a debt-to-equity ratio of 1.12. The company has a market cap of $135.62 billion, a PE ratio of 17.99, a P/E/G ratio of 2.46 and a beta of 0.51.

NextEra Energy (NYSE:NEE) last issued its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The business had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter last year, the firm posted $0.84 EPS. The business’s revenue for the quarter was down 14.7% compared to the same quarter last year. As a group, equities research analysts anticipate that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date of this dividend was Monday, February 26th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s dividend payout ratio (DPR) is currently 56.13%.

Analyst Ratings Changes

A number of analysts recently issued reports on NEE shares. Barclays started coverage on shares of NextEra Energy in a research report on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 target price on the stock. Scotiabank raised their target price on shares of NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a research report on Monday, April 22nd. Wells Fargo & Company raised their target price on shares of NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 19th. BMO Capital Markets raised their target price on shares of NextEra Energy from $70.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, StockNews.com upgraded shares of NextEra Energy from a “sell” rating to a “hold” rating in a research report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.50.

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.