Mount Yale Investment Advisors LLC Reduces Stake in NextEra Energy, Inc. (NYSE:NEE)

Mount Yale Investment Advisors LLC lessened its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 82.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,257 shares of the utilities provider’s stock after selling 116,810 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in NextEra Energy were worth $1,718,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of NEE. M&G Plc purchased a new stake in NextEra Energy in the 1st quarter worth approximately $303,065,000. Zimmer Partners LP grew its position in NextEra Energy by 8,447.5% during the first quarter. Zimmer Partners LP now owns 2,735,200 shares of the utilities provider’s stock worth $174,807,000 after buying an additional 2,703,200 shares in the last quarter. State of Michigan Retirement System grew its position in NextEra Energy by 400.7% during the first quarter. State of Michigan Retirement System now owns 2,812,198 shares of the utilities provider’s stock worth $179,728,000 after buying an additional 2,250,500 shares in the last quarter. Raymond James & Associates increased 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 acquiring an additional 2,163,437 shares during the last quarter. Finally, Capital World Investors purchased a new stake in shares of NextEra Energy in the 4th quarter valued at about $114,953,000. 78.72% of the stock is currently owned by institutional investors.

Insider Transactions at NextEra Energy

In related news, EVP Nicole J. Daggs sold 658 shares of the company’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 transaction of $50,646.26. Following the completion of the transaction, the executive vice president now owns 100 shares in the company, valued at $7,697. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

NextEra Energy Stock Up 0.6 %

Shares of NextEra Energy stock opened at $82.76 on Monday. The company’s 50 day moving average price is $78.33 and its 200-day moving average price is $72.45. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $85.56. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.41 and a current ratio of 0.49. The stock has a market capitalization of $170.03 billion, a price-to-earnings ratio of 22.55, a P/E/G ratio of 3.03 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, July 24th. The utilities provider reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.03. The firm had revenue of $6.07 billion for the quarter, compared to analysts’ expectations of $7.29 billion. NextEra Energy had a net margin of 24.45% and a return on equity of 11.75%. During the same quarter in the previous year, the company earned $0.88 earnings per share. Equities research analysts forecast that NextEra Energy, Inc. will post 3.39 EPS for the current year.

NextEra Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Friday, August 30th were issued a $0.515 dividend. This represents a $2.06 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend was Friday, August 30th. NextEra Energy’s dividend payout ratio (DPR) is currently 56.13%.

Analyst Ratings Changes

Several brokerages have recently commented on NEE. Scotiabank boosted their price objective on NextEra Energy from $73.00 to $92.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Mizuho cut shares of NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price target for the company. in a research note on Wednesday, June 12th. Jefferies Financial Group began coverage on shares of NextEra Energy in a research report on Thursday. They set a “hold” rating and a $87.00 price objective on the stock. Morgan Stanley upped their target price on shares of NextEra Energy from $85.00 to $87.00 and gave the stock an “overweight” rating in a research report on Friday, August 23rd. Finally, Bank of America increased their target price on NextEra Energy from $77.00 to $81.00 and gave the company a “neutral” rating in a research note on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, NextEra Energy has an average rating of “Moderate Buy” and an average price target of $81.87.

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.