Radnor Capital Management LLC Sells 1,763 Shares of NextEra Energy, Inc. (NYSE:NEE)

Radnor Capital Management LLC reduced its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 11.9% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 13,091 shares of the utilities provider’s stock after selling 1,763 shares during the period. Radnor Capital Management LLC’s holdings in NextEra Energy were worth $837,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new position in NextEra Energy during the 4th quarter worth $2,561,055,000. International Assets Investment Management LLC lifted its position in shares of NextEra Energy by 7,999.6% during the fourth quarter. International Assets Investment Management LLC now owns 2,173,459 shares of the utilities provider’s stock valued at $132,016,000 after purchasing an additional 2,146,625 shares in the last quarter. Vanguard Group Inc. boosted its holdings in NextEra Energy by 1.0% during the third quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock worth $11,368,065,000 after purchasing an additional 1,956,153 shares during the last quarter. Capital World Investors bought a new stake in NextEra Energy in the 4th quarter worth about $114,953,000. Finally, AEGON ASSET MANAGEMENT UK Plc purchased a new stake in NextEra Energy in the 4th quarter valued at about $94,883,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Morgan Stanley upped their target price on NextEra Energy from $79.00 to $83.00 and gave the company an “overweight” rating in a report on Tuesday, May 28th. Mizuho downgraded NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price objective for the company. in a research note on Wednesday, June 12th. BMO Capital Markets raised their target price on NextEra Energy from $78.00 to $79.00 and gave the company an “outperform” rating in a research report on Wednesday, June 12th. Wells Fargo & Company reissued an “overweight” rating and issued a $95.00 price target on shares of NextEra Energy in a report on Wednesday, June 12th. Finally, Scotiabank raised their price objective on shares of NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, NextEra Energy currently has an average rating of “Moderate Buy” and a consensus target price of $76.50.

NextEra Energy Stock Performance

Shares of NEE stock opened at $72.36 on Monday. The firm’s 50 day moving average is $72.29 and its 200 day moving average is $64.07. The stock has a market capitalization of $148.67 billion, a P/E ratio of 19.84, a PEG ratio of 2.48 and a beta of 0.56. NextEra Energy, Inc. has a 12 month low of $47.15 and a 12 month high of $80.47. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.12.

NextEra Energy (NYSE:NEE) last posted its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.11. The firm had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $6.28 billion. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The business’s quarterly revenue was down 14.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.84 earnings per share. On average, sell-side analysts anticipate that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were issued a dividend of $0.515 per share. This represents a $2.06 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date was Monday, June 3rd. NextEra Energy’s payout ratio is presently 56.13%.

NextEra Energy Company 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.