Tributary Capital Management LLC Has $426,000 Stake in NextEra Energy, Inc. (NYSE:NEE)

Tributary Capital Management LLC trimmed its stake in NextEra Energy, Inc. (NYSE:NEE) by 3.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,664 shares of the utilities provider’s stock after selling 250 shares during the period. Tributary Capital Management LLC’s holdings in NextEra Energy were worth $426,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in NEE. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of NextEra Energy by 133.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 18,728 shares of the utilities provider’s stock valued at $1,073,000 after acquiring an additional 10,720 shares in the last quarter. Alpine Global Management LLC acquired a new stake in shares of NextEra Energy during the 3rd quarter valued at about $458,000. Gotham Asset Management LLC boosted its position in shares of NextEra Energy by 141.8% during the 3rd quarter. Gotham Asset Management LLC now owns 21,541 shares of the utilities provider’s stock valued at $1,234,000 after acquiring an additional 12,634 shares in the last quarter. Schonfeld Strategic Advisors LLC boosted its position in shares of NextEra Energy by 3.1% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 111,926 shares of the utilities provider’s stock valued at $6,412,000 after acquiring an additional 3,412 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new position in NextEra Energy during the 3rd quarter valued at about $784,000. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Up 0.8 %

Shares of NYSE:NEE opened at $70.47 on Wednesday. NextEra Energy, Inc. has a one year low of $47.15 and a one year high of $80.47. The company has a 50 day moving average of $73.34 and a 200-day moving average of $64.57. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.43. The stock has a market cap of $144.78 billion, a price-to-earnings ratio of 19.20, a P/E/G ratio of 2.42 and a beta of 0.54.

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

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were given a dividend of $0.515 per share. This represents a $2.06 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend was Monday, June 3rd. NextEra Energy’s dividend payout ratio is 56.13%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on NEE shares. Mizuho downgraded shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price target for the company. in a report on Wednesday, June 12th. Royal Bank of Canada lifted their price target on shares of NextEra Energy from $74.00 to $84.00 and gave the company an “outperform” rating in a report on Wednesday, June 12th. Scotiabank lifted their price target on shares of NextEra Energy from $69.00 to $73.00 and gave the company a “sector outperform” rating in a report on Monday, April 22nd. Morgan Stanley lifted their price target on shares of NextEra Energy from $79.00 to $83.00 and gave the company an “overweight” rating in a report on Tuesday, May 28th. Finally, Bank of America lifted their price target on shares of NextEra Energy from $61.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday, April 23rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $77.57.

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.