Legacy Capital Wealth Partners LLC Decreases Holdings in NextEra Energy, Inc. (NYSE:NEE)

Legacy Capital Wealth Partners LLC cut its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 47.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,138 shares of the utilities provider’s stock after selling 7,437 shares during the period. Legacy Capital Wealth Partners LLC’s holdings in NextEra Energy were worth $583,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in NEE. Burkett Financial Services LLC increased its stake in shares of NextEra Energy by 1,229.6% in 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 in the last quarter. Reston Wealth Management LLC purchased a new stake in shares of NextEra Energy in the 3rd quarter worth $27,000. Sugar Maple Asset Management LLC purchased a new stake in shares of NextEra Energy in the 4th quarter worth $28,000. Quarry LP purchased a new stake in shares of NextEra Energy in the 3rd quarter worth $33,000. Finally, Luken Investment Analytics LLC purchased a new stake in shares of NextEra Energy in the 4th quarter worth $36,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NEE has been the subject of several analyst reports. Royal Bank of Canada lowered NextEra Energy from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, October 22nd. Morgan Stanley upped their target price on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Barclays upped their target price on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Evercore ISI dropped 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 report on Monday, January 27th. Finally, 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. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $85.85.

NextEra Energy Stock Down 0.8 %

Shares of NYSE:NEE opened at $68.06 on Monday. The company has a current ratio of 0.47, a quick ratio of 0.38 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 company has a market cap of $139.97 billion, a price-to-earnings ratio of 20.20, a PEG ratio of 2.42 and a beta of 0.58. The company has a 50-day moving average price of $70.97 and a 200 day moving average price of $76.84.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. As a group, equities research analysts predict that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be given a $0.5665 dividend. 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 yield of 3.33%. NextEra Energy’s dividend payout ratio is 61.13%.

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.