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

M&R Capital Management Inc. boosted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 6.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,432 shares of the utilities provider’s stock after buying an additional 861 shares during the period. M&R Capital Management Inc.’s holdings in NextEra Energy were worth $1,220,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of NEE. KBC Group NV increased its holdings in shares of NextEra Energy by 12.1% during the 4th quarter. KBC Group NV now owns 132,940 shares of the utilities provider’s stock worth $8,075,000 after purchasing an additional 14,402 shares during the period. First Trust Advisors LP raised its holdings in NextEra Energy by 7.0% in the 4th quarter. First Trust Advisors LP now owns 1,232,723 shares of the utilities provider’s stock valued at $74,876,000 after acquiring an additional 80,414 shares in the last quarter. Capital World Investors acquired a new position in NextEra Energy in the 4th quarter valued at approximately $114,953,000. Morningstar Investment Management LLC bought a new stake in shares of NextEra Energy in the 4th quarter worth approximately $297,000. Finally, Public Employees Retirement Association of Colorado grew its holdings in shares of NextEra Energy by 2,811.2% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 304,283 shares of the utilities provider’s stock worth $18,482,000 after purchasing an additional 293,831 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Up 0.2 %

Shares of NYSE:NEE opened at $85.43 on Thursday. The company has a 50 day moving average price of $80.32 and a two-hundred day moving average price of $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. The company has a market capitalization of $175.52 billion, a PE ratio of 23.28, a PEG 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.

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

NextEra Energy Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Barclays raised their target price on NextEra Energy from $76.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Jefferies Financial Group assumed coverage on shares of NextEra Energy in a research report on Thursday, September 19th. They issued a “hold” rating and a $87.00 price target for the company. Royal Bank of Canada raised their price objective on shares of NextEra Energy from $74.00 to $84.00 and gave the stock an “outperform” rating in a report on Wednesday, June 12th. JPMorgan Chase & Co. boosted their target price on NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Finally, BMO Capital Markets increased their price objective on shares of NextEra Energy from $79.00 to $83.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $83.07.

Insider Buying and Selling

In other news, EVP Nicole J. Daggs sold 658 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were 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 directly owns 100 shares of the company’s stock, valued at approximately $7,697. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is 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.