MML Investors Services LLC Has $52.26 Million Stock Position in NextEra Energy, Inc. (NYSE:NEE)

MML Investors Services LLC raised its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 3.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 618,196 shares of the utilities provider's stock after purchasing an additional 20,594 shares during the quarter. MML Investors Services LLC's holdings in NextEra Energy were worth $52,256,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Lantz Financial LLC increased its holdings in shares of NextEra Energy by 16.0% in the second quarter. Lantz Financial LLC now owns 13,047 shares of the utilities provider's stock valued at $924,000 after buying an additional 1,795 shares in the last quarter. Diversify Advisory Services LLC boosted its position in shares of NextEra Energy by 44.8% in the 2nd quarter. Diversify Advisory Services LLC now owns 12,977 shares of the utilities provider's stock valued at $936,000 after purchasing an additional 4,016 shares during the period. MJP Associates Inc. ADV increased its stake in NextEra Energy by 9.9% in the 2nd quarter. MJP Associates Inc. ADV now owns 5,185 shares of the utilities provider's stock worth $367,000 after purchasing an additional 467 shares in the last quarter. Mechanics Bank Trust Department raised its holdings in NextEra Energy by 9.8% during the 2nd quarter. Mechanics Bank Trust Department now owns 10,067 shares of the utilities provider's stock worth $713,000 after buying an additional 900 shares during the period. Finally, Granite Bay Wealth Management LLC purchased a new stake in NextEra Energy during the second quarter valued at about $316,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on NEE. Dbs Bank downgraded NextEra Energy from a "strong-buy" rating to a "hold" rating in a report on Friday, September 27th. BMO Capital Markets boosted their target price on NextEra Energy from $83.00 to $91.00 and gave the company an "outperform" rating in a research note on Friday, October 18th. Wells Fargo & Company raised their price target on NextEra Energy from $95.00 to $102.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 3rd. Jefferies Financial Group assumed coverage on NextEra Energy in a research note on Thursday, September 19th. They issued a "hold" rating and a $87.00 price target for the company. Finally, Royal Bank of Canada lowered shares of NextEra Energy from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, October 22nd. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $86.85.

NextEra Energy Stock Performance

Shares of NYSE NEE traded down $0.96 during trading hours on Friday, hitting $75.24. 7,079,144 shares of the company's stock were exchanged, compared to its average volume of 10,491,270. NextEra Energy, Inc. has a 1-year low of $53.95 and a 1-year high of $86.10. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.41 and a quick ratio of 0.33. The stock has a market capitalization of $154.72 billion, a price-to-earnings ratio of 22.26, a PEG ratio of 2.74 and a beta of 0.56. The company's 50-day moving average price is $79.50 and its 200-day moving average price is $77.84.

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

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 22nd will be given a $0.515 dividend. The ex-dividend date is Friday, November 22nd. This represents a $2.06 annualized dividend and a yield of 2.74%. NextEra Energy's dividend payout ratio is 60.95%.

Insider Transactions at NextEra Energy

In other news, EVP Nicole J. Daggs sold 4,007 shares of NextEra Energy stock in a transaction that occurred 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 sale, the executive vice president now owns 15,792 shares of the company's stock, valued at approximately $1,193,401.44. This trade represents a 20.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.18% of the company's stock.

About NextEra Energy

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.