Callahan Advisors LLC Reduces Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Callahan Advisors LLC lowered its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 214,018 shares of the utilities provider’s stock after selling 1,964 shares during the period. NextEra Energy accounts for approximately 1.4% of Callahan Advisors LLC’s portfolio, making the stock its 24th largest holding. Callahan Advisors LLC’s holdings in NextEra Energy were worth $15,343,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Howard Capital Management Group LLC increased its holdings in shares of NextEra Energy by 1.8% in the third quarter. Howard Capital Management Group LLC now owns 299,215 shares of the utilities provider’s stock worth $25,293,000 after purchasing an additional 5,409 shares during the period. Stratos Wealth Advisors LLC boosted its position in NextEra Energy by 3.9% during the third quarter. Stratos Wealth Advisors LLC now owns 18,161 shares of the utilities provider’s stock valued at $1,535,000 after buying an additional 678 shares during the period. Net Worth Advisory Group purchased a new stake in shares of NextEra Energy during the third quarter worth about $251,000. Resonant Capital Advisors LLC boosted its holdings in shares of NextEra Energy by 6.7% during the third quarter. Resonant Capital Advisors LLC now owns 5,883 shares of the utilities provider’s stock worth $497,000 after purchasing an additional 368 shares during the period. Finally, Violich Capital Management Inc. boosted its holdings in shares of NextEra Energy by 2.1% during the third quarter. Violich Capital Management Inc. now owns 54,700 shares of the utilities provider’s stock worth $4,624,000 after purchasing an additional 1,100 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Down 0.8 %

NEE opened at $68.06 on Tuesday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10. The firm’s fifty day moving average is $70.84 and its 200 day moving average is $76.77. The stock has a market cap of $139.97 billion, a price-to-earnings ratio of 20.20, a price-to-earnings-growth ratio of 2.42 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last released its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. On average, sell-side analysts forecast 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. Shareholders of record on Friday, February 28th will be issued a $0.5665 dividend. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 dividend on an annualized basis and a yield of 3.33%. NextEra Energy’s payout ratio is currently 61.13%.

Analysts Set New Price Targets

Several brokerages have commented on NEE. JPMorgan Chase & Co. lowered their price objective on shares of NextEra Energy from $99.00 to $90.00 in a report on Monday, January 27th. Evercore ISI decreased their target price on shares of NextEra Energy from $84.00 to $79.00 and set an “in-line” rating for the company in a research note on Monday, January 27th. Jefferies Financial Group reduced their price target on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Royal Bank of Canada downgraded shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Finally, Barclays lifted their target price on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus 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.