Meyer Handelman Co. Has $17.03 Million Position in NextEra Energy, Inc. (NYSE:NEE)

Meyer Handelman Co. decreased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 7.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 240,235 shares of the utilities provider's stock after selling 20,278 shares during the quarter. Meyer Handelman Co.'s holdings in NextEra Energy were worth $17,030,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. LaFleur & Godfrey LLC boosted its position in shares of NextEra Energy by 9.8% during the fourth quarter. LaFleur & Godfrey LLC now owns 4,500 shares of the utilities provider's stock worth $323,000 after purchasing an additional 400 shares in the last quarter. Brighton Jones LLC boosted its position in shares of NextEra Energy by 7.0% during the fourth quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider's stock worth $2,028,000 after purchasing an additional 1,840 shares in the last quarter. Revolve Wealth Partners LLC boosted its position in shares of NextEra Energy by 6.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider's stock worth $348,000 after purchasing an additional 298 shares in the last quarter. R Squared Ltd bought a new position in shares of NextEra Energy during the fourth quarter worth $68,000. Finally, Robeco Institutional Asset Management B.V. boosted its position in shares of NextEra Energy by 8.1% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 225,085 shares of the utilities provider's stock worth $16,136,000 after purchasing an additional 16,940 shares in the last quarter. Institutional investors and hedge funds own 78.72% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on NEE. UBS Group reduced their price target on shares of NextEra Energy from $94.00 to $84.00 and set a "buy" rating on the stock in a research report on Friday, May 23rd. Wells Fargo & Company cut their price objective on shares of NextEra Energy from $102.00 to $97.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. BMO Capital Markets reduced their target price on shares of NextEra Energy from $84.00 to $77.00 and set an "outperform" rating for the company in a research note on Monday, April 14th. Erste Group Bank lowered shares of NextEra Energy from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 8th. Finally, Guggenheim reaffirmed a "buy" rating and issued a $89.00 target price on shares of NextEra Energy in a research note on Thursday, March 20th. Eight investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $83.50.

NextEra Energy Stock Performance

Shares of NEE stock traded down $0.57 on Monday, reaching $70.07. The stock had a trading volume of 9,366,350 shares, compared to its average volume of 11,113,888. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20. The firm's 50-day moving average is $68.40 and its two-hundred day moving average is $70.76. The firm has a market capitalization of $144.24 billion, a price-to-earnings ratio of 20.79, a P/E/G ratio of 2.45 and a beta of 0.69. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10.

NextEra Energy (NYSE:NEE - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.99. The company had revenue of $6.25 billion for the quarter, compared to analysts' expectations of $6.58 billion. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. NextEra Energy's quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.91 EPS. On average, research analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a $0.5665 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $2.27 annualized dividend and a yield of 3.23%. NextEra Energy's dividend payout ratio is currently 84.64%.

Insider Buying and Selling at NextEra Energy

In other NextEra Energy news, EVP Charles E. Sieving sold 23,684 shares of the stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $70.00, for a total value of $1,657,880.00. Following the transaction, the executive vice president now directly owns 196,817 shares of the company's stock, valued at $13,777,190. This represents a 10.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.20% of the company's stock.

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.