Mn Services Vermogensbeheer B.V. Trims Holdings in NextEra Energy, Inc. (NYSE:NEE)

Mn Services Vermogensbeheer B.V. cut its position in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 2.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 958,528 shares of the utilities provider's stock after selling 26,800 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in NextEra Energy were worth $58,221,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Romano Brothers AND Company boosted its holdings in NextEra Energy by 4.4% during the fourth quarter. Romano Brothers AND Company now owns 40,190 shares of the utilities provider's stock worth $2,441,000 after buying an additional 1,699 shares in the last quarter. Louisiana State Employees Retirement System purchased a new stake in NextEra Energy during the fourth quarter worth $7,538,000. Consolidated Portfolio Review Corp boosted its holdings in NextEra Energy by 2.3% during the fourth quarter. Consolidated Portfolio Review Corp now owns 11,949 shares of the utilities provider's stock worth $726,000 after buying an additional 266 shares in the last quarter. Atlas Wealth Partners LLC boosted its holdings in NextEra Energy by 11.8% during the fourth quarter. Atlas Wealth Partners LLC now owns 4,755 shares of the utilities provider's stock worth $278,000 after buying an additional 500 shares in the last quarter. Finally, Simplicity Solutions LLC boosted its holdings in NextEra Energy by 1.3% during the fourth quarter. Simplicity Solutions LLC now owns 42,326 shares of the utilities provider's stock worth $2,571,000 after buying an additional 533 shares in the last quarter. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Stock Down 1.3 %

Shares of NYSE NEE traded down $0.86 during midday trading on Friday, hitting $63.08. The company's stock had a trading volume of 9,039,494 shares, compared to its average volume of 12,494,934. The business's fifty day simple moving average is $59.19 and its two-hundred day simple moving average is $58.29. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.55 and a quick ratio of 0.47. NextEra Energy, Inc. has a 1 year low of $47.15 and a 1 year high of $79.78. The firm has a market capitalization of $129.47 billion, a price-to-earnings ratio of 17.47, a price-to-earnings-growth ratio of 2.27 and a beta of 0.51.

NextEra Energy (NYSE:NEE - Get Free Report) last posted its quarterly earnings data on Thursday, January 25th. The utilities provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.49 by $0.03. NextEra Energy had a net margin of 26.00% and a return on equity of 11.73%. The business had revenue of $6.88 billion during the quarter, compared to analyst estimates of $5.72 billion. During the same quarter last year, the firm posted $0.51 earnings per share. On average, equities analysts predict that NextEra Energy, Inc. will post 3.44 EPS for the current year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were paid a $0.515 dividend. This is a positive change from NextEra Energy's previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Monday, February 26th. This represents a $2.06 annualized dividend and a dividend yield of 3.27%. NextEra Energy's dividend payout ratio (DPR) is presently 57.06%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on NEE. BMO Capital Markets increased their price objective on shares of NextEra Energy from $76.00 to $77.00 and gave the company an "outperform" rating in a report on Monday, March 18th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $74.00 price objective on shares of NextEra Energy in a report on Tuesday, January 30th. Wells Fargo & Company increased their price objective on shares of NextEra Energy from $84.00 to $85.00 and gave the company an "overweight" rating in a report on Tuesday, March 19th. Barclays began coverage on shares of NextEra Energy in a report on Wednesday. They set an "equal weight" rating and a $66.00 price objective on the stock. Finally, Guggenheim increased their price objective on shares of NextEra Energy from $70.00 to $80.00 and gave the company a "buy" rating in a report on Monday, January 22nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $72.00.

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.