Exchange Capital Management Inc. Sells 345 Shares of NextEra Energy, Inc. (NYSE:NEE)

Exchange Capital Management Inc. lowered its stake in NextEra Energy, Inc. (NYSE:NEE) by 2.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,506 shares of the utilities provider’s stock after selling 345 shares during the quarter. Exchange Capital Management Inc.’s holdings in NextEra Energy were worth $735,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of NEE. Avitas Wealth Management LLC increased its holdings in shares of NextEra Energy by 2.9% in the fourth quarter. Avitas Wealth Management LLC now owns 37,843 shares of the utilities provider’s stock valued at $2,299,000 after purchasing an additional 1,057 shares during the last quarter. Stiles Financial Services Inc boosted its holdings in shares of NextEra Energy by 9.0% during the 4th quarter. Stiles Financial Services Inc now owns 35,180 shares of the utilities provider’s stock worth $2,137,000 after buying an additional 2,899 shares during the period. Janney Capital Management LLC grew its stake in NextEra Energy by 9.5% in the 4th quarter. Janney Capital Management LLC now owns 46,673 shares of the utilities provider’s stock valued at $2,835,000 after buying an additional 4,047 shares during the last quarter. Asio Capital LLC bought a new position in NextEra Energy in the 4th quarter valued at about $2,701,000. Finally, AJOVista LLC acquired a new stake in NextEra Energy during the fourth quarter worth approximately $162,000. Institutional investors own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on NEE shares. JPMorgan Chase & Co. upped their target price on NextEra Energy from $76.00 to $90.00 and gave the company an “overweight” rating in a research report on Thursday, June 20th. Evercore ISI increased their price objective on NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a research report on Wednesday, June 12th. Barclays dropped their target price on NextEra Energy from $74.00 to $73.00 and set an “equal weight” rating for the company in a report on Thursday, June 13th. Bank of America upped their price target on shares of NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, April 23rd. Finally, Royal Bank of Canada lifted their price objective on shares of NextEra Energy from $74.00 to $84.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 12th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, NextEra Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.57.

NextEra Energy Stock Performance

NextEra Energy stock opened at $70.47 on Wednesday. The business’s 50-day moving average price is $73.34 and its two-hundred day moving average price is $64.57. NextEra Energy, Inc. has a 12-month low of $47.15 and a 12-month high of $80.47. The company has a quick ratio of 0.43, a current ratio of 0.51 and a debt-to-equity ratio of 1.12. The stock has a market cap of $144.78 billion, a PE ratio of 19.20, a P/E/G ratio of 2.42 and a beta of 0.54.

NextEra Energy (NYSE:NEE) last issued its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The firm had revenue of $5.73 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same quarter last year, the business posted $0.84 earnings per share. The company’s quarterly revenue was down 14.7% on a year-over-year basis. As a group, analysts expect that NextEra Energy, Inc. will post 3.4 earnings per share for the current fiscal year.

NextEra Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were paid a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date was Monday, June 3rd. NextEra Energy’s payout ratio is 56.13%.

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.