Orion Portfolio Solutions LLC Reduces Stake in NextEra Energy, Inc. (NYSE:NEE)

Orion Portfolio Solutions LLC has reduced its stake in NextEra Energy, Inc. (NYSE:NEE) by 7.8% during the fourth quarter, according to its latest filing with the Securities and Exchange Commission. Following the sale of 8,622 shares during the quarter, Orion now holds 101,907 shares of the utility provider. The value of Orion's holdings in NextEra Energy was approximately $7,306,000 at the close of the reporting period.

A number of other institutional investors and hedge funds have also adjusted their positions in NEE recently. For instance, Broadway Wealth Solutions Inc. acquired a new position worth around $262,000 in shares of NextEra Energy in the fourth quarter. Similarly, Boussard & Gavaudan Investment Management LLP invested approximately $2,609,000 to buy a new stake in NextEra Energy during the same period. New Age Alpha Advisors LLC spent about $193,000 to purchase a fresh position in the company. Furthermore, Norges Bank made a substantial investment, acquiring a new position worth approximately $3.484 billion in NextEra Energy during the fourth quarter. Lastly, Caisse Des Depots ET Consignations purchased a new stake valued at $7,394,000. Currently, institutional investors own 78.72% of the company’s stock.

Analyst Ratings and Insights

Recent evaluations from various research firms have influenced opinions about NEE. Guggenheim reiterated a "buy" rating and set a target price of $89.00 for NextEra Energy shares in a report dated March 20th. On January 27th, Jefferies Financial Group lowered their target price for NextEra Energy from $81.00 to $77.00. In a report released on March 11th, JPMorgan Chase & Co. raised their price target from $90.00 to $91.00 and maintained an "overweight" rating. BMO Capital Markets also increased their price objective, moving it from $82.00 to $84.00 in a research note dated January 27th. Finally, Scotiabank raised its target price from $92.00 to $96.00, giving the stock a "sector outperform" rating in a report on December 12th. Overall, eight analysts have rated the stock as a hold while seven have issued buy ratings. As per MarketBeat.com, the consensus rating for the company is currently "Hold" with an average target price of $85.92.

NextEra Energy Stock Performance

The share price of NextEra Energy (NYSE:NEE) opened at $70.44 on the last trading day. The company has a market capitalization of $144.90 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 2.45, and a beta of 0.58. It has a debt-to-equity ratio of 1.20 along with a current ratio of 0.47 and a quick ratio of 0.38. The stock has demonstrated a 50-day simple moving average of $70.67 and a 200-day simple moving average of $75.14. Over the past year, NextEra Energy has reached a low of $61.31 and a high of $86.10.

Dividend Announcement from NextEra Energy

NextEra Energy recently declared a quarterly dividend, which was paid on March 17th. Shareholders who were on record as of February 28th received a dividend payment of $0.5665 per share. This reflects an increase from the previous quarterly dividend of $0.52. The ex-dividend date for this payment was also February 28th. This annualizes to a total dividend of $2.27 and results in a dividend yield of 3.22%. Currently, the company's dividend payout ratio stands at 67.06%.

Insider Transactions at NextEra Energy

In other news related to NextEra Energy, CAO James Michael May sold 2,383 shares of the company's stock on February 18th. The shares were sold at an average price of $68.09, totaling a value of $162,258.47. After this transaction, the chief accounting officer retains 27,427 shares of the company, valued at approximately $1,867,504.43, indicating a decrease of 7.99% in their position. This transaction has been disclosed in a legal filing with the SEC.

About NextEra Energy

NextEra Energy, Inc., through its subsidiaries, is engaged in generating, transmitting, distributing and selling electric power to both retail and wholesale customers across North America. The company utilizes various energy sources including wind, solar, nuclear, and natural gas to produce electricity. Additionally, it develops and operates long-term contracted assets which include renewable energy facilities, battery storage projects, and electricity transmission facilities. The company also manages energy commodities and operates electric generation facilities in wholesale markets.

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