Bigelow Investment Advisors LLC Cuts Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Bigelow Investment Advisors LLC lowered its position in NextEra Energy, Inc. (NYSE:NEE) by 7.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,014 shares of the utilities provider’s stock after selling 1,695 shares during the period. Bigelow Investment Advisors LLC’s holdings in NextEra Energy were worth $1,506,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of NEE. Burkett Financial Services LLC grew its position in NextEra Energy by 1,229.6% during the 4th quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 332 shares during the last quarter. Reston Wealth Management LLC purchased a new stake in NextEra Energy during the 3rd quarter worth approximately $27,000. Sugar Maple Asset Management LLC purchased a new stake in NextEra Energy during the 4th quarter worth approximately $28,000. Quarry LP purchased a new stake in NextEra Energy during the 3rd quarter worth approximately $33,000. Finally, Luken Investment Analytics LLC purchased a new stake in NextEra Energy during the 4th quarter worth approximately $36,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Price Performance

NYSE:NEE opened at $68.37 on Wednesday. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10. The stock has a 50 day moving average of $70.72 and a two-hundred day moving average of $76.69. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The firm has a market cap of $140.59 billion, a P/E ratio of 20.29, a price-to-earnings-growth ratio of 2.38 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. On average, analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal 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 given a $0.5665 dividend. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.31%. NextEra Energy’s dividend payout ratio is 61.13%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on NEE shares. Barclays upped their price objective on shares of NextEra Energy from $80.00 to $82.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. JPMorgan Chase & Co. reduced their price objective on NextEra Energy from $99.00 to $90.00 in a research note on Monday, January 27th. Royal Bank of Canada cut NextEra Energy from a “moderate buy” rating to a “hold” rating in a report on Tuesday, October 22nd. BMO Capital Markets boosted their price objective on NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Finally, Jefferies Financial Group decreased their price objective on NextEra Energy from $81.00 to $77.00 in a report on Monday, January 27th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $85.85.

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.