Mn Services Vermogensbeheer B.V. Reduces Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Mn Services Vermogensbeheer B.V. lessened its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 810,928 shares of the utilities provider’s stock after selling 18,500 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in NextEra Energy were worth $57,422,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Janney Capital Management LLC increased its position in NextEra Energy by 9.5% during the 4th quarter. Janney Capital Management LLC now owns 46,673 shares of the utilities provider’s stock worth $2,835,000 after purchasing an additional 4,047 shares in the last quarter. AJOVista LLC acquired a new position in NextEra Energy during the 4th quarter worth $162,000. Intech Investment Management LLC boosted its position in NextEra Energy by 35.7% during the 1st quarter. Intech Investment Management LLC now owns 100,308 shares of the utilities provider’s stock worth $6,411,000 after acquiring an additional 26,382 shares during the period. Camden National Bank boosted its position in NextEra Energy by 10.2% during the 4th quarter. Camden National Bank now owns 156,631 shares of the utilities provider’s stock worth $9,514,000 after acquiring an additional 14,477 shares during the period. Finally, Fulton Breakefield Broenniman LLC boosted its position in NextEra Energy by 15.5% during the 4th quarter. Fulton Breakefield Broenniman LLC now owns 379,968 shares of the utilities provider’s stock worth $23,079,000 after acquiring an additional 50,899 shares during the period. Hedge funds and other institutional investors own 78.72% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on NEE shares. Evercore ISI upped their price objective on NextEra Energy from $70.00 to $75.00 and gave the company an “in-line” rating in a report on Wednesday, June 12th. JPMorgan Chase & Co. upped their price target on NextEra Energy from $91.00 to $94.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. BMO Capital Markets upped their price target on NextEra Energy from $79.00 to $83.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $95.00 target price on shares of NextEra Energy in a research report on Wednesday, June 12th. Finally, Mizuho downgraded NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price target for the company. in a research note on Wednesday, June 12th. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, NextEra Energy presently has a consensus rating of “Moderate Buy” and an average target price of $80.00.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of NextEra Energy stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $76.97, for a total value of $50,646.26. Following the completion of the transaction, the executive vice president now owns 100 shares in the company, valued at approximately $7,697. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Stock Performance

NEE traded up $0.74 during midday trading on Friday, reaching $79.66. The company’s stock had a trading volume of 5,052,935 shares, compared to its average volume of 11,233,079. The stock has a market cap of $163.66 billion, a P/E ratio of 21.71, a PEG ratio of 2.84 and a beta of 0.54. The company has a fifty day simple moving average of $74.56 and a 200 day simple moving average of $68.75. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 1.15. NextEra Energy, Inc. has a twelve month low of $47.15 and a twelve month high of $80.56.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, July 24th. The utilities provider reported $0.96 EPS for the quarter, topping the consensus estimate of $0.93 by $0.03. The business had revenue of $6.07 billion during the quarter, compared to the consensus estimate of $7.29 billion. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. During the same quarter last year, the company earned $0.88 EPS. Research analysts expect that NextEra Energy, Inc. will post 3.39 earnings per share for the current year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Friday, August 30th will be given a $0.515 dividend. The ex-dividend date is Friday, August 30th. This represents a $2.06 annualized dividend and a yield of 2.59%. NextEra Energy’s payout ratio is 56.13%.

About NextEra Energy

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.