MAI Capital Management Sells 13,884 Shares of NextEra Energy, Inc. (NYSE:NEE)

MAI Capital Management decreased its holdings in NextEra Energy, Inc. (NYSE:NEE - Free Report) by 7.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 171,658 shares of the utilities provider's stock after selling 13,884 shares during the period. MAI Capital Management's holdings in NextEra Energy were worth $14,510,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC boosted its position in shares of NextEra Energy by 26.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 147,600 shares of the utilities provider's stock worth $9,433,000 after buying an additional 30,457 shares during the period. Lake Street Advisors Group LLC lifted its position in shares of NextEra Energy by 90.7% in the first quarter. Lake Street Advisors Group LLC now owns 26,660 shares of the utilities provider's stock worth $1,704,000 after purchasing an additional 12,681 shares in the last quarter. Pitcairn Co. increased its position in NextEra Energy by 3.1% in the 1st quarter. Pitcairn Co. now owns 32,608 shares of the utilities provider's stock worth $2,084,000 after purchasing an additional 985 shares during the last quarter. Evermay Wealth Management LLC increased its holdings in NextEra Energy by 2.8% in the first quarter. Evermay Wealth Management LLC now owns 22,234 shares of the utilities provider's stock worth $1,421,000 after buying an additional 607 shares during the last quarter. Finally, Crewe Advisors LLC bought a new position in NextEra Energy during the first quarter valued at approximately $336,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Price Performance

Shares of NYSE NEE traded up $0.68 during trading hours on Tuesday, reaching $77.07. 4,280,252 shares of the stock traded hands, compared to its average volume of 10,914,273. The company's 50-day simple moving average is $81.43 and its two-hundred day simple moving average is $77.60. NextEra Energy, Inc. has a 52-week low of $53.95 and a 52-week high of $86.10. The company has a market capitalization of $158.49 billion, a P/E ratio of 22.60, a price-to-earnings-growth ratio of 2.76 and a beta of 0.57. The company has a quick ratio of 0.33, a current ratio of 0.41 and a debt-to-equity ratio of 1.11.

NextEra Energy (NYSE:NEE - Get Free Report) last released its earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, beating analysts' consensus estimates of $0.98 by $0.05. The company had revenue of $7.57 billion during the quarter, compared to analysts' expectations of $8.11 billion. NextEra Energy had a return on equity of 11.94% and a net margin of 26.49%. The firm's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.94 EPS. Equities research analysts forecast that NextEra Energy, Inc. will post 3.41 EPS for the current year.

NextEra Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 22nd will be issued a $0.515 dividend. The ex-dividend date is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a yield of 2.67%. NextEra Energy's payout ratio is currently 60.95%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Jefferies Financial Group initiated coverage on NextEra Energy in a research report on Thursday, September 19th. They issued a "hold" rating and a $87.00 price target for the company. BMO Capital Markets upped their target price on NextEra Energy from $83.00 to $91.00 and gave the stock an "outperform" rating in a research report on Friday, October 18th. Royal Bank of Canada cut shares of NextEra Energy from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, October 22nd. Bank of America raised their target price on NextEra Energy from $77.00 to $81.00 and gave the company a "neutral" rating in a report on Thursday, August 29th. Finally, Barclays boosted their price objective on shares of NextEra Energy from $80.00 to $82.00 and gave the stock an "equal weight" rating in a report on Friday, October 25th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $86.54.

Insider Activity at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of the company's stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $75.57, for a total transaction of $302,808.99. Following the transaction, the executive vice president now directly owns 15,792 shares of the company's stock, valued at $1,193,401.44. This represents a 20.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.18% of the stock is currently owned by insiders.

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.