MAI Capital Management Acquires 23,105 Shares of NextEra Energy, Inc. $NEE

MAI Capital Management grew its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 13.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 201,405 shares of the utilities provider’s stock after acquiring an additional 23,105 shares during the quarter. MAI Capital Management’s holdings in NextEra Energy were worth $15,204,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in NEE. Vanguard Group Inc. grew its holdings in shares of NextEra Energy by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 213,799,521 shares of the utilities provider’s stock valued at $16,139,726,000 after purchasing an additional 922,500 shares during the last quarter. Geode Capital Management LLC boosted its position in NextEra Energy by 1.2% during the second quarter. Geode Capital Management LLC now owns 45,724,229 shares of the utilities provider’s stock valued at $3,161,774,000 after buying an additional 526,996 shares during the period. Norges Bank purchased a new stake in NextEra Energy during the second quarter valued at about $2,375,545,000. Charles Schwab Investment Management Inc. grew its stake in shares of NextEra Energy by 2.1% during the second quarter. Charles Schwab Investment Management Inc. now owns 16,786,728 shares of the utilities provider’s stock valued at $1,165,896,000 after buying an additional 340,315 shares during the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of NextEra Energy by 2.6% in the second quarter. Legal & General Group Plc now owns 16,414,103 shares of the utilities provider’s stock worth $1,139,467,000 after buying an additional 408,198 shares during the period. 78.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NEE has been the subject of several analyst reports. UBS Group set a $91.00 target price on NextEra Energy and gave the company a “buy” rating in a report on Wednesday, December 17th. Argus set a $92.00 price target on NextEra Energy and gave the stock a “buy” rating in a research note on Wednesday, January 28th. HSBC increased their price objective on NextEra Energy from $94.00 to $95.00 in a research note on Monday, November 10th. BMO Capital Markets set a $95.00 target price on shares of NextEra Energy in a research note on Thursday, January 29th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $106.00 price target on shares of NextEra Energy in a report on Friday, February 20th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $93.05.

NextEra Energy Trading Down 0.6%

Shares of NYSE NEE opened at $95.13 on Thursday. NextEra Energy, Inc. has a 1 year low of $61.72 and a 1 year high of $95.91. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.60 and a quick ratio of 0.49. The firm has a 50-day moving average of $85.59 and a 200 day moving average of $81.42. The stock has a market cap of $198.20 billion, a P/E ratio of 28.91, a price-to-earnings-growth ratio of 2.96 and a beta of 0.76.

NextEra Energy (NYSE:NEE) last announced its earnings results on Tuesday, January 27th. The utilities provider reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. The business had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $7.07 billion. During the same quarter last year, the firm earned $0.53 earnings per share. The business’s revenue for the quarter was up 20.7% on a year-over-year basis. As a group, sell-side analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be given a dividend of $0.6232 per share. This is a boost from NextEra Energy’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend is Friday, February 27th. This represents a $2.49 dividend on an annualized basis and a yield of 2.6%. NextEra Energy’s dividend payout ratio is 69.00%.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Ronald R. Reagan sold 18,620 shares of the business’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total value of $1,675,800.00. Following the sale, the executive vice president directly owned 9,643 shares of the company’s stock, valued at approximately $867,870. The trade was a 65.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO John W. Ketchum sold 99,603 shares of the stock in a transaction on Monday, February 9th. The stock was sold at an average price of $89.34, for a total value of $8,898,532.02. Following the completion of the sale, the chief executive officer directly owned 305,933 shares in the company, valued at approximately $27,332,054.22. This represents a 24.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 159,049 shares of company stock worth $14,194,542. 0.20% of the stock is owned by insiders.

NextEra Energy Company Profile

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.