James Investment Research Inc. Sells 487 Shares of NextEra Energy, Inc. (NYSE:NEE)

James Investment Research Inc. trimmed its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,085 shares of the utilities provider’s stock after selling 487 shares during the quarter. James Investment Research Inc.’s holdings in NextEra Energy were worth $3,376,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of NEE. Exchange Traded Concepts LLC raised its position in shares of NextEra Energy by 514.3% during the third quarter. Exchange Traded Concepts LLC now owns 4,675 shares of the utilities provider’s stock worth $395,000 after purchasing an additional 3,914 shares during the period. Creative Planning raised its position in shares of NextEra Energy by 2.4% during the third quarter. Creative Planning now owns 831,170 shares of the utilities provider’s stock worth $70,082,000 after purchasing an additional 19,698 shares during the period. Bleakley Financial Group LLC raised its position in NextEra Energy by 3.3% in the 3rd quarter. Bleakley Financial Group LLC now owns 45,194 shares of the utilities provider’s stock valued at $3,820,000 after buying an additional 1,453 shares during the last quarter. AlphaMark Advisors LLC raised its position in NextEra Energy by 891.7% in the 3rd quarter. AlphaMark Advisors LLC now owns 833 shares of the utilities provider’s stock valued at $70,000 after buying an additional 749 shares during the last quarter. Finally, LexAurum Advisors LLC purchased a new stake in NextEra Energy in the 3rd quarter valued at $204,000. 78.72% of the stock is owned by institutional investors and hedge funds.

NextEra Energy Stock Down 0.8 %

NEE stock opened at $68.06 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. The company has a market capitalization of $139.97 billion, a price-to-earnings ratio of 20.20, a PEG ratio of 2.42 and a beta of 0.58. NextEra Energy, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $86.10. The stock has a fifty day moving average of $70.97 and a 200-day moving average of $76.82.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share 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%. 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 business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be paid a $0.5665 dividend. This represents a $2.27 annualized dividend and a yield of 3.33%. This is an increase from NextEra Energy’s previous quarterly dividend of $0.52. NextEra Energy’s dividend payout ratio (DPR) is currently 61.13%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Royal Bank of Canada lowered NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. Morgan Stanley increased their price target on NextEra Energy from $93.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Guggenheim increased their price target on NextEra Energy from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Scotiabank increased their price target on NextEra Energy from $92.00 to $96.00 and gave the company a “sector outperform” rating in a research report on Thursday, December 12th. Finally, BMO Capital Markets increased their price target on NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $85.85.

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.