MAI Capital Management Sells 13,884 Shares of NextEra Energy, Inc. (NYSE:NEE)

MAI Capital Management cut its position in NextEra Energy, Inc. (NYSE:NEE) by 7.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 171,658 shares of the utilities provider’s stock after selling 13,884 shares during the period. MAI Capital Management’s holdings in NextEra Energy were worth $14,510,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Border to Coast Pensions Partnership Ltd lifted its stake in NextEra Energy by 2.2% during the 3rd quarter. Border to Coast Pensions Partnership Ltd now owns 1,216,077 shares of the utilities provider’s stock valued at $102,495,000 after acquiring an additional 26,270 shares during the period. Swiss National Bank lifted its position in NextEra Energy by 0.4% during the third quarter. Swiss National Bank now owns 6,098,200 shares of the utilities provider’s stock valued at $515,481,000 after purchasing an additional 21,400 shares during the period. Ancora Advisors LLC boosted its holdings in NextEra Energy by 10.6% in the first quarter. Ancora Advisors LLC now owns 79,994 shares of the utilities provider’s stock worth $5,112,000 after purchasing an additional 7,677 shares during the last quarter. Magnolia Capital Advisors LLC grew its position in NextEra Energy by 1,224.3% in the 2nd quarter. Magnolia Capital Advisors LLC now owns 72,453 shares of the utilities provider’s stock worth $5,130,000 after purchasing an additional 66,982 shares during the period. Finally, Raymond James & Associates raised its stake in NextEra Energy by 57.0% during the 2nd quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider’s stock valued at $421,831,000 after buying an additional 2,163,437 shares during the last quarter. Institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Barclays raised their price target on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. BMO Capital Markets boosted their price target on NextEra Energy from $83.00 to $91.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Jefferies Financial Group assumed coverage on shares of NextEra Energy in a research note on Thursday, September 19th. They issued a “hold” rating and a $87.00 price objective on the stock. Scotiabank boosted their target price on shares of NextEra Energy from $73.00 to $92.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 20th. Finally, Bank of America increased their price target on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research report on Thursday, August 29th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $86.54.

NextEra Energy Stock Up 0.1 %

NYSE NEE opened at $76.39 on Tuesday. NextEra Energy, Inc. has a 12 month low of $53.95 and a 12 month high of $86.10. The company has a current ratio of 0.41, a quick ratio of 0.33 and a debt-to-equity ratio of 1.11. The stock has a market cap of $157.09 billion, a PE ratio of 22.60, a P/E/G ratio of 2.76 and a beta of 0.57. The stock’s 50 day moving average is $81.43 and its 200 day moving average is $77.60.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, October 23rd. The utilities provider reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.05. NextEra Energy had a net margin of 26.49% and a return on equity of 11.94%. The firm had revenue of $7.57 billion for the quarter, compared to analysts’ expectations of $8.11 billion. During the same quarter last year, the business posted $0.94 earnings per share. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. Research analysts predict that NextEra Energy, Inc. will post 3.41 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be issued a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 2.70%. The ex-dividend date is Friday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is presently 60.95%.

Insider Activity

In other news, EVP Nicole J. Daggs sold 4,007 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the sale, the executive vice president now directly owns 15,792 shares of the company’s stock, valued at $1,193,401.44. This represents a 20.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.18% of the company’s stock.

NextEra Energy Company 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.