Vicus Capital Sells 3,221 Shares of NextEra Energy, Inc. (NYSE:NEE)

Vicus Capital decreased its position in NextEra Energy, Inc. (NYSE:NEE) by 43.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,171 shares of the utilities provider’s stock after selling 3,221 shares during the quarter. Vicus Capital’s holdings in NextEra Energy were worth $253,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in NEE. Wimmer Associates 1 LLC lifted its position in NextEra Energy by 3.6% during the first quarter. Wimmer Associates 1 LLC now owns 3,935 shares of the utilities provider’s stock valued at $305,000 after buying an additional 135 shares during the period. Kolinsky Wealth Management LLC increased its holdings in shares of NextEra Energy by 2.1% during the first quarter. Kolinsky Wealth Management LLC now owns 6,669 shares of the utilities provider’s stock valued at $514,000 after acquiring an additional 139 shares in the last quarter. Baldwin Investment Management LLC increased its holdings in shares of NextEra Energy by 0.4% during the first quarter. Baldwin Investment Management LLC now owns 35,437 shares of the utilities provider’s stock valued at $2,731,000 after acquiring an additional 150 shares in the last quarter. Greenfield Savings Bank increased its holdings in shares of NextEra Energy by 0.5% during the fourth 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 in the last quarter. Finally, Barnes Pettey Financial Advisors LLC increased its holdings in shares of NextEra Energy by 1.7% during the fourth quarter. Barnes Pettey Financial Advisors LLC now owns 10,181 shares of the utilities provider’s stock valued at $851,000 after acquiring an additional 169 shares in the last quarter. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Up 0.5 %

NEE stock opened at $64.30 on Monday. NextEra Energy, Inc. has a twelve month low of $47.15 and a twelve month high of $79.78. The company has a quick ratio of 0.47, a current ratio of 0.55 and a debt-to-equity ratio of 1.06. The stock has a market cap of $131.97 billion, a P/E ratio of 17.81, a PEG ratio of 2.31 and a beta of 0.51. The business’s 50-day moving average price is $59.89 and its 200-day moving average price is $58.61.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Thursday, January 25th. The utilities provider reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. The firm had revenue of $6.88 billion for the quarter, compared to analysts’ expectations of $5.72 billion. During the same period in the previous year, the firm earned $0.51 EPS. On average, equities research analysts forecast that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were paid a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 3.20%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Monday, February 26th. NextEra Energy’s dividend payout ratio is presently 57.06%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Barclays assumed coverage on NextEra Energy in a report on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 price target for the company. Guggenheim lifted their price objective on NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, January 22nd. Mizuho reiterated a “buy” rating and issued a $67.00 price objective (up from $65.00) on shares of NextEra Energy in a report on Friday, March 15th. BMO Capital Markets reduced their price objective on NextEra Energy from $77.00 to $68.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. Finally, StockNews.com downgraded NextEra Energy from a “hold” rating to a “sell” rating in a report on Monday, February 19th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, NextEra Energy currently has an average rating of “Moderate Buy” and an average target price of $71.36.

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.