Moors & Cabot Inc. Has $13.38 Million Position in NextEra Energy, Inc. $NEE

Moors & Cabot Inc. lessened its position in NextEra Energy, Inc. (NYSE:NEE) by 4.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 177,171 shares of the utilities provider’s stock after selling 8,577 shares during the period. Moors & Cabot Inc.’s holdings in NextEra Energy were worth $13,375,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of NEE. Mercer Global Advisors Inc. ADV boosted its position in shares of NextEra Energy by 12.0% during the third quarter. Mercer Global Advisors Inc. ADV now owns 260,312 shares of the utilities provider’s stock worth $19,651,000 after purchasing an additional 27,956 shares in the last quarter. Moneta Group Investment Advisors LLC grew its holdings in shares of NextEra Energy by 43.8% in the 3rd quarter. Moneta Group Investment Advisors LLC now owns 51,089 shares of the utilities provider’s stock valued at $3,857,000 after buying an additional 15,571 shares during the period. Kinloch Capital LLC increased its position in shares of NextEra Energy by 0.4% in the 3rd quarter. Kinloch Capital LLC now owns 58,277 shares of the utilities provider’s stock valued at $4,399,000 after buying an additional 206 shares in the last quarter. L2 Asset Management LLC increased its position in shares of NextEra Energy by 6.5% in the 3rd quarter. L2 Asset Management LLC now owns 9,830 shares of the utilities provider’s stock valued at $742,000 after buying an additional 598 shares in the last quarter. Finally, Larson Financial Group LLC raised its stake in NextEra Energy by 13.7% during the 3rd quarter. Larson Financial Group LLC now owns 16,042 shares of the utilities provider’s stock worth $1,211,000 after buying an additional 1,933 shares during the period. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other NextEra Energy news, EVP Terrell Kirk Crews II sold 19,672 shares of NextEra Energy stock in a transaction on Monday, March 9th. The shares were sold at an average price of $90.27, for a total value of $1,775,791.44. Following the sale, the executive vice president directly owned 73,857 shares in the company, valued at approximately $6,667,071.39. The trade was a 21.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Treasurer James Michael May sold 7,161 shares of the business’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $90.27, for a total transaction of $646,423.47. Following the sale, the treasurer directly owned 26,719 shares in the company, valued at $2,411,924.13. This trade represents a 21.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 190,816 shares of company stock valued at $17,075,619 over the last 90 days. 0.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on NEE shares. Wall Street Zen raised NextEra Energy from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. The Goldman Sachs Group raised their price target on NextEra Energy from $94.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. Weiss Ratings lowered NextEra Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, February 17th. BMO Capital Markets set a $95.00 target price on NextEra Energy in a research note on Thursday, January 29th. Finally, Morgan Stanley restated an “overweight” rating and set a $106.00 target price on shares of NextEra Energy in a report on Friday, February 20th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have assigned a Hold 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 $94.16.

NextEra Energy Stock Performance

Shares of NextEra Energy stock opened at $92.87 on Tuesday. 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 market cap of $193.49 billion, a price-to-earnings ratio of 28.23 and a beta of 0.76. The stock’s 50-day moving average is $88.65 and its 200-day moving average is $83.10. NextEra Energy, Inc. has a one year low of $61.72 and a one year high of $95.91.

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

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Friday, February 27th were issued a $0.6232 dividend. This represents a $2.49 dividend on an annualized basis and a dividend yield of 2.7%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.57. The ex-dividend date was Friday, February 27th. NextEra Energy’s dividend payout ratio is 75.68%.

NextEra Energy 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.