M&R Capital Management Inc. Buys 861 Shares of NextEra Energy, Inc. (NYSE:NEE)

M&R Capital Management Inc. raised its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 6.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,432 shares of the utilities provider’s stock after acquiring an additional 861 shares during the period. M&R Capital Management Inc.’s holdings in NextEra Energy were worth $1,220,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Intech Investment Management LLC boosted its stake in NextEra Energy by 35.7% in the 1st quarter. Intech Investment Management LLC now owns 100,308 shares of the utilities provider’s stock valued at $6,411,000 after purchasing an additional 26,382 shares during the period. Ancora Advisors LLC grew its stake in shares of NextEra Energy by 10.6% in the first quarter. Ancora Advisors LLC now owns 79,994 shares of the utilities provider’s stock valued at $5,112,000 after acquiring an additional 7,677 shares in the last quarter. Raymond James & Associates raised its stake in NextEra Energy by 57.0% in the 2nd quarter. Raymond James & Associates now owns 5,957,220 shares of the utilities provider’s stock worth $421,831,000 after purchasing an additional 2,163,437 shares in the last quarter. Magnolia Capital Advisors LLC grew its position in shares of NextEra Energy by 1,224.3% during the 2nd quarter. Magnolia Capital Advisors LLC now owns 72,453 shares of the utilities provider’s stock worth $5,130,000 after purchasing an additional 66,982 shares in the last quarter. Finally, State of Tennessee Treasury Department raised its position in shares of NextEra Energy by 8.5% in the fourth quarter. State of Tennessee Treasury Department now owns 742,361 shares of the utilities provider’s stock valued at $45,091,000 after buying an additional 57,910 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Dbs Bank lowered NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 27th. Morgan Stanley upped their price objective on shares of NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Royal Bank of Canada lifted their price target on NextEra Energy from $74.00 to $84.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. Barclays boosted their target price on NextEra Energy from $76.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Finally, Jefferies Financial Group started coverage on shares of NextEra Energy in a report on Thursday, September 19th. They issued a “hold” rating and a $87.00 target price for the company. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, NextEra Energy presently has a consensus rating of “Hold” and an average target price of $83.07.

NextEra Energy Price Performance

Shares of NYSE:NEE opened at $85.43 on Thursday. The firm has a market cap of $175.52 billion, a PE ratio of 23.28, a price-to-earnings-growth ratio of 3.08 and a beta of 0.56. NextEra Energy, Inc. has a 52 week low of $47.15 and a 52 week high of $85.75. The firm’s fifty day moving average is $80.32 and its 200-day moving average is $73.83. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. The firm had revenue of $6.07 billion for the quarter, compared to analyst estimates of $7.29 billion. During the same quarter in the previous year, the company posted $0.88 EPS. Sell-side analysts predict that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Friday, August 30th were paid a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date was Friday, August 30th. NextEra Energy’s dividend payout ratio is currently 56.13%.

Insider Transactions at NextEra Energy

In other NextEra Energy news, EVP Nicole J. Daggs sold 658 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 100 shares of the company’s stock, valued at $7,697. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.18% of the stock is currently owned by corporate insiders.

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.