NextEra Energy, Inc. (NYSE:NEE) Shares Sold by Mather Group LLC.

Mather Group LLC. trimmed its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 19.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,354 shares of the utilities provider’s stock after selling 3,856 shares during the period. Mather Group LLC.’s holdings in NextEra Energy were worth $993,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mizuho Markets Americas LLC purchased a new position in NextEra Energy during the 3rd quarter valued at about $141,817,000. Nordea Investment Management AB lifted its position in shares of NextEra Energy by 59.1% during the third quarter. Nordea Investment Management AB now owns 5,784,080 shares of the utilities provider’s stock worth $337,096,000 after purchasing an additional 2,148,205 shares in the last quarter. International Assets Investment Management LLC boosted its stake in shares of 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 valued at $132,016,000 after purchasing an additional 2,146,625 shares during the period. Vanguard Group Inc. grew its holdings in shares of NextEra Energy by 1.0% in the third quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock valued at $11,368,065,000 after purchasing an additional 1,956,153 shares in the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc purchased a new stake in NextEra Energy during the 4th quarter worth approximately $94,883,000. 78.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Barclays began coverage on shares of NextEra Energy in a research note on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 price target for the company. Morgan Stanley upped their price target on NextEra Energy from $77.00 to $79.00 and gave the stock an “overweight” rating in a report on Monday, April 22nd. Scotiabank increased their price target on NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a research report on Monday, April 22nd. Wells Fargo & Company boosted their price objective on NextEra Energy from $84.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 19th. Finally, BMO Capital Markets raised their target price on shares of NextEra Energy from $70.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, April 25th. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $71.50.

NextEra Energy Trading Down 0.6 %

NYSE NEE opened at $66.99 on Wednesday. The firm’s fifty day moving average price is $61.26 and its 200 day moving average price is $59.34. NextEra Energy, Inc. has a 12 month low of $47.15 and a 12 month high of $78.53. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.43. The company has a market capitalization of $137.62 billion, a price-to-earnings ratio of 18.25, a price-to-earnings-growth ratio of 2.48 and a beta of 0.51.

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

NextEra Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, February 27th were given a dividend of $0.515 per share. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date was Monday, February 26th. This represents a $2.06 annualized dividend and a yield of 3.08%. 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.