Sheaff Brock Investment Advisors LLC Sells 437 Shares of NextEra Energy, Inc. (NYSE:NEE)

Sheaff Brock Investment Advisors LLC lessened its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 12,143 shares of the utilities provider’s stock after selling 437 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in NextEra Energy were worth $871,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Empowered Funds LLC boosted its position in shares of NextEra Energy by 14.7% during the 4th quarter. Empowered Funds LLC now owns 45,566 shares of the utilities provider’s stock worth $3,267,000 after purchasing an additional 5,831 shares in the last quarter. Nordea Investment Management AB boosted its position in shares of NextEra Energy by 20.9% during the 4th quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock worth $634,703,000 after purchasing an additional 1,525,436 shares in the last quarter. Border to Coast Pensions Partnership Ltd boosted its position in shares of NextEra Energy by 2.2% during the 3rd quarter. Border to Coast Pensions Partnership Ltd now owns 1,216,077 shares of the utilities provider’s stock worth $102,495,000 after purchasing an additional 26,270 shares in the last quarter. Swiss National Bank boosted its position in shares of NextEra Energy by 0.4% during the 3rd quarter. Swiss National Bank now owns 6,098,200 shares of the utilities provider’s stock worth $515,481,000 after purchasing an additional 21,400 shares in the last quarter. Finally, Czech National Bank raised its holdings in shares of NextEra Energy by 6.5% in the 4th quarter. Czech National Bank now owns 445,870 shares of the utilities provider’s stock worth $31,964,000 after acquiring an additional 27,340 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Trading Down 0.8 %

Shares of NEE stock opened at $68.06 on Monday. The company has a 50 day moving average of $70.97 and a 200-day moving average of $76.84. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. NextEra Energy, Inc. has a 12-month low of $53.95 and a 12-month high of $86.10. The firm has a market cap of $139.97 billion, a P/E ratio of 20.20, a PEG ratio of 2.42 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Sell-side analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.5665 per share. This represents a $2.27 annualized dividend and a dividend yield of 3.33%. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s dividend payout ratio (DPR) is presently 61.13%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NEE. Jefferies Financial Group lowered their target price on shares of NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Guggenheim upped their target price on shares of NextEra Energy from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. BMO Capital Markets upped their target price on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Royal Bank of Canada lowered shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. Finally, Scotiabank upped their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $85.85.

NextEra Energy 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.