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

MAI Capital Management increased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 13.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of NEE. Goodman Advisory Group LLC purchased a new position in shares of NextEra Energy in the 2nd quarter worth about $25,000. Tripletail Wealth Management LLC bought a new stake in NextEra Energy in the third quarter worth about $25,000. Quaker Wealth Management LLC raised its position in NextEra Energy by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 386 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 772 shares during the period. Howard Hughes Medical Institute purchased a new position in NextEra Energy in the second quarter valued at about $31,000. Finally, Rexford Capital Inc. bought a new position in shares of NextEra Energy during the 2nd quarter valued at approximately $34,000. Institutional investors own 78.72% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on NEE shares. JPMorgan Chase & Co. increased their price objective on NextEra Energy from $94.00 to $97.00 and gave the company an “overweight” rating in a report on Thursday, December 11th. Barclays upped their price target on NextEra Energy from $84.00 to $85.00 and gave the company an “equal weight” rating in a research report on Thursday, January 15th. HSBC lifted their price objective on NextEra Energy from $94.00 to $95.00 in a report on Monday, November 10th. UBS Group set a $91.00 target price on shares of NextEra Energy and gave the stock a “buy” rating in a research report on Wednesday, December 17th. Finally, Wells Fargo & Company lifted their target price on shares of NextEra Energy from $97.00 to $98.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 20th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $93.05.

NextEra Energy Stock Performance

NYSE:NEE opened at $95.13 on Thursday. The stock has a market cap of $198.20 billion, a P/E ratio of 28.91, a PEG ratio of 2.96 and a beta of 0.76. The company has a quick ratio of 0.49, a current ratio of 0.60 and a debt-to-equity ratio of 1.35. The business’s 50-day moving average price is $85.59 and its two-hundred day moving average price is $81.42. NextEra Energy, Inc. has a twelve month low of $61.72 and a twelve month 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 for the quarter, topping the consensus estimate of $0.53 by $0.01. The company had revenue of $6.50 billion for the quarter, compared to analysts’ expectations of $7.07 billion. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. NextEra Energy’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.53 earnings per share. As a group, equities analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Increases Dividend

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

Insider Activity

In related news, EVP Charles E. Sieving sold 30,000 shares of the stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total value of $2,700,000.00. Following the transaction, the executive vice president owned 167,481 shares of the company’s stock, valued at $15,073,290. This represents a 15.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ronald R. Reagan sold 18,620 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total value of $1,675,800.00. Following the sale, the executive vice president owned 9,643 shares in the company, valued at $867,870. The trade was a 65.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 159,049 shares of company stock worth $14,194,542. 0.20% of the stock is currently owned by corporate insiders.

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.