Fisher Asset Management LLC Trims Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Fisher Asset Management LLC decreased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 99.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 84,079 shares of the utilities provider’s stock after selling 9,693,429 shares during the quarter. Fisher Asset Management LLC’s holdings in NextEra Energy were worth $5,107,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Greenfield Savings Bank grew its position in shares of NextEra Energy by 0.5% during the 4th quarter. Greenfield Savings Bank now owns 32,220 shares of the utilities provider’s stock valued at $1,957,000 after acquiring an additional 163 shares during the period. Bay Harbor Wealth Management LLC lifted its holdings in shares of NextEra Energy by 22.7% in the fourth quarter. Bay Harbor Wealth Management LLC now owns 930 shares of the utilities provider’s stock worth $56,000 after buying an additional 172 shares in the last quarter. MKT Advisors LLC grew its stake in NextEra Energy by 2.9% during the fourth quarter. MKT Advisors LLC now owns 6,233 shares of the utilities provider’s stock valued at $387,000 after acquiring an additional 173 shares in the last quarter. Meritage Portfolio Management increased its holdings in NextEra Energy by 3.9% in the 3rd quarter. Meritage Portfolio Management now owns 4,701 shares of the utilities provider’s stock valued at $269,000 after acquiring an additional 177 shares during the last quarter. Finally, First Pacific Financial boosted its holdings in shares of NextEra Energy by 2.0% during the 4th quarter. First Pacific Financial now owns 8,885 shares of the utilities provider’s stock valued at $540,000 after purchasing an additional 177 shares during the last quarter. 78.72% of the stock is currently owned by institutional investors.

NextEra Energy Trading Up 1.0 %

NEE opened at $71.95 on Wednesday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.43 and a current ratio of 0.51. The stock’s 50 day moving average price is $62.65 and its 200-day moving average price is $59.94. NextEra Energy, Inc. has a one year low of $47.15 and a one year high of $78.53. The stock has a market cap of $147.82 billion, a price-to-earnings ratio of 19.60, a P/E/G ratio of 2.58 and a beta of 0.50.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, beating the consensus estimate of $0.80 by $0.11. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The company had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter in the prior year, the company posted $0.84 EPS. NextEra Energy’s quarterly revenue was down 14.7% on a year-over-year basis. On average, equities analysts forecast that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were issued a dividend of $0.515 per share. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Monday, February 26th. This represents a $2.06 dividend on an annualized basis and a yield of 2.86%. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Guggenheim boosted their target price on NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Monday, January 22nd. StockNews.com upgraded shares of NextEra Energy from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $74.00 price target on shares of NextEra Energy in a research note on Tuesday, January 30th. Wells Fargo & Company lifted their price objective on shares of NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 19th. Finally, Barclays initiated 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. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, NextEra Energy currently has an average rating of “Moderate Buy” and a consensus target price of $71.93.

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.