RWA Wealth Partners LLC Has $35.37 Million Holdings in NextEra Energy, Inc. (NYSE:NEE)

RWA Wealth Partners LLC lessened its position in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 27.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 493,407 shares of the utilities provider's stock after selling 184,427 shares during the quarter. RWA Wealth Partners LLC's holdings in NextEra Energy were worth $35,372,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Burkett Financial Services LLC lifted its position in shares of NextEra Energy by 1,229.6% in the fourth quarter. Burkett Financial Services LLC now owns 359 shares of the utilities provider's stock valued at $26,000 after acquiring an additional 332 shares in the last quarter. Sugar Maple Asset Management LLC purchased a new stake in shares of NextEra Energy during the fourth quarter worth about $28,000. Quarry LP acquired a new position in shares of NextEra Energy in the third quarter valued at approximately $33,000. WealthTrak Capital Management LLC purchased a new position in shares of NextEra Energy during the fourth quarter valued at approximately $33,000. Finally, Luken Investment Analytics LLC purchased a new stake in NextEra Energy in the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 78.72% of the company's stock.

Analysts Set New Price Targets

NEE has been the topic of a number of recent research reports. Morgan Stanley lifted their price target on shares of NextEra Energy from $95.00 to $97.00 and gave the company an "overweight" rating in a research report on Thursday, March 20th. JPMorgan Chase & Co. upped their target price on NextEra Energy from $90.00 to $91.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 11th. Guggenheim restated a "buy" rating and set a $89.00 price objective on shares of NextEra Energy in a report on Thursday, March 20th. BMO Capital Markets lifted their price objective on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Finally, Evercore ISI dropped their target price on shares of NextEra Energy from $84.00 to $79.00 and set an "in-line" rating on the stock in a report on Monday, January 27th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $85.92.

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NextEra Energy Stock Up 2.3 %

NYSE NEE traded up $1.64 during trading on Thursday, reaching $72.12. 6,458,705 shares of the company's stock were exchanged, compared to its average volume of 10,617,904. The firm has a market capitalization of $148.35 billion, a PE ratio of 21.40, a P/E/G ratio of 2.45 and a beta of 0.58. NextEra Energy, Inc. has a fifty-two week low of $61.31 and a fifty-two week high of $86.10. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. The company's fifty day simple moving average is $70.71 and its 200-day simple moving average is $74.87.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings results 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%. Sell-side analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were issued a $0.5665 dividend. This is a positive change from NextEra Energy's previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a yield of 3.14%. The ex-dividend date was Friday, February 28th. NextEra Energy's payout ratio is 67.06%.

Insider Transactions at NextEra Energy

In other NextEra Energy news, CAO James Michael May sold 2,383 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $68.09, for a total value of $162,258.47. Following the completion of the sale, the chief accounting officer now owns 27,427 shares in the company, valued at approximately $1,867,504.43. This trade represents a 7.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.18% of the company's stock.

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.