M&R Capital Management Inc. Lowers Holdings in NextEra Energy, Inc. (NYSE:NEE)

M&R Capital Management Inc. lowered its holdings in NextEra Energy, Inc. (NYSE:NEE) by 23.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,551 shares of the utilities provider’s stock after selling 4,216 shares during the quarter. M&R Capital Management Inc.’s holdings in NextEra Energy were worth $866,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Financial Engines Advisors L.L.C. grew its stake in shares of NextEra Energy by 134.1% in the third quarter. Financial Engines Advisors L.L.C. now owns 10,068 shares of the utilities provider’s stock valued at $577,000 after buying an additional 5,767 shares in the last quarter. WCG Wealth Advisors LLC acquired a new stake in shares of NextEra Energy during the third quarter worth about $678,000. Baillie Gifford & Co. boosted its stake in shares of NextEra Energy by 274.9% in the third quarter. Baillie Gifford & Co. now owns 209,859 shares of the utilities provider’s stock valued at $12,023,000 after purchasing an additional 153,877 shares during the period. Rafferty Asset Management LLC grew its holdings in shares of NextEra Energy by 11.6% in the third quarter. Rafferty Asset Management LLC now owns 206,250 shares of the utilities provider’s stock valued at $11,816,000 after purchasing an additional 21,377 shares in the last quarter. Finally, QRG Capital Management Inc. purchased a new stake in NextEra Energy during the 3rd quarter worth approximately $7,171,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Ratings Changes

NEE has been the subject of several research reports. Morgan Stanley boosted their price target on shares of NextEra Energy from $79.00 to $83.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 28th. Royal Bank of Canada upped their price target on NextEra Energy from $74.00 to $84.00 and gave the stock an “outperform” rating in a report on Wednesday, June 12th. Scotiabank lifted their price objective on NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a research note on Monday, April 22nd. Wells Fargo & Company restated an “overweight” rating and set a $95.00 target price on shares of NextEra Energy in a research note on Wednesday, June 12th. Finally, Evercore ISI lifted their price target on shares of NextEra Energy from $70.00 to $75.00 and gave the stock an “in-line” rating in a research note on Wednesday, June 12th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $74.86.

NextEra Energy Stock Performance

NYSE NEE traded down $2.39 on Tuesday, reaching $69.92. The stock had a trading volume of 21,430,014 shares, compared to its average volume of 11,768,536. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.43 and a current ratio of 0.51. The stock has a market cap of $143.65 billion, a P/E ratio of 18.94, a price-to-earnings-growth ratio of 2.51 and a beta of 0.56. The business’s 50-day moving average price is $71.69 and its 200 day moving average price is $63.72. NextEra Energy, Inc. has a 12-month low of $47.15 and a 12-month high of $80.47.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. The firm had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $6.28 billion. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. NextEra Energy’s quarterly revenue was down 14.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.84 EPS. As a group, equities analysts expect that NextEra Energy, Inc. will post 3.39 earnings per share for the current year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were given a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 2.95%. The ex-dividend date of this dividend was Monday, June 3rd. NextEra Energy’s dividend payout ratio (DPR) is presently 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.