Orion Portfolio Solutions LLC Trims Position in NextEra Energy, Inc. (NYSE:NEE)

Orion Portfolio Solutions LLC lessened its holdings in NextEra Energy, Inc. (NYSE:NEE) by 7.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 101,907 shares of the utilities provider’s stock after selling 8,622 shares during the period. Orion Portfolio Solutions LLC’s holdings in NextEra Energy were worth $7,306,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in NEE. Broadway Wealth Solutions Inc. bought a new position in shares of NextEra Energy in the fourth quarter worth about $262,000. Boussard & Gavaudan Investment Management LLP bought a new stake in NextEra Energy during the 4th quarter worth approximately $2,609,000. New Age Alpha Advisors LLC purchased a new position in NextEra Energy during the fourth quarter valued at approximately $193,000. Norges Bank bought a new position in shares of NextEra Energy in the fourth quarter worth approximately $3,484,197,000. Finally, Caisse Des Depots ET Consignations purchased a new stake in shares of NextEra Energy in the fourth quarter worth $7,394,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on NEE. Guggenheim restated a “buy” rating and set a $89.00 target price on shares of NextEra Energy in a research note on Thursday, March 20th. Jefferies Financial Group decreased their target price on NextEra Energy from $81.00 to $77.00 in a research note on Monday, January 27th. JPMorgan Chase & Co. upped their price target on NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 11th. BMO Capital Markets lifted their price objective on shares of NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. 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 research report on Thursday, December 12th. Eight 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 a consensus target price of $85.92.

NextEra Energy Price Performance

NYSE:NEE opened at $70.44 on Friday. The firm has a market capitalization of $144.90 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 2.45 and a beta of 0.58. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.47 and a quick ratio of 0.38. The business has a 50 day simple moving average of $70.67 and a 200-day simple moving average of $75.14. NextEra Energy, Inc. has a 1 year low of $61.31 and a 1 year high of $86.10.

NextEra Energy (NYSE:NEE) last released its 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%. Equities analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were paid a dividend of $0.5665 per share. This is a boost from NextEra Energy’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend was Friday, February 28th. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.22%. NextEra Energy’s dividend payout ratio is currently 67.06%.

Insider Transactions at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total value of $162,258.47. Following the transaction, the chief accounting officer now owns 27,427 shares of the company’s stock, valued at $1,867,504.43. This represents a 7.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.18% of the company’s stock.

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.