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

Fisher Asset Management LLC lessened its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 99.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 70,948 shares of the utilities provider’s stock after selling 9,706,560 shares during the period. Fisher Asset Management LLC’s holdings in NextEra Energy were worth $4,309,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Norges Bank bought a new position in NextEra Energy in the 4th quarter worth approximately $2,561,055,000. International Assets Investment Management LLC lifted its stake in NextEra Energy by 7,999.6% in the fourth quarter. International Assets Investment Management LLC now owns 2,173,459 shares of the utilities provider’s stock worth $132,016,000 after purchasing an additional 2,146,625 shares during the last quarter. Vanguard Group Inc. boosted its holdings in NextEra Energy by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock valued at $11,368,065,000 after acquiring an additional 1,956,153 shares during the period. Capital World Investors bought a new position in NextEra Energy during the 4th quarter worth approximately $114,953,000. Finally, AEGON ASSET MANAGEMENT UK Plc bought a new stake in NextEra Energy in the fourth quarter valued at approximately $94,883,000. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Morgan Stanley raised their target price on shares of NextEra Energy from $79.00 to $83.00 and gave the stock an “overweight” rating in a report on Tuesday, May 28th. Evercore ISI upped their price objective on shares of NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a research note on Wednesday, June 12th. BMO Capital Markets raised their target price on NextEra Energy from $78.00 to $79.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 12th. JPMorgan Chase & Co. lifted their price objective on NextEra Energy from $76.00 to $90.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Mizuho downgraded NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 target price for the company. in a report on Wednesday, June 12th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, NextEra Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $76.50.

NextEra Energy Stock Up 2.9 %

Shares of NextEra Energy stock opened at $72.49 on Friday. The company has a 50-day simple moving average of $72.09 and a two-hundred day simple moving average of $63.91. The stock has a market capitalization of $148.93 billion, a PE ratio of 19.75, a price-to-earnings-growth ratio of 2.58 and a beta of 0.56. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $80.47. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.43 and a current ratio of 0.51.

NextEra Energy (NYSE:NEE) last posted its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The business had revenue of $5.73 billion during the quarter, compared to analyst estimates of $6.28 billion. During the same quarter last year, the company earned $0.84 EPS. The company’s quarterly revenue was down 14.7% compared to the same quarter last year. On average, analysts anticipate that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were given a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date was Monday, June 3rd. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

About NextEra Energy

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.