Massachusetts Financial Services Co. MA Lowers Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Massachusetts Financial Services Co. MA cut its holdings in shares of NextEra Energy, Inc. (NYSE:NEE - Free Report) by 12.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,514,914 shares of the utilities provider's stock after selling 1,024,429 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.37% of NextEra Energy worth $456,456,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in NEE. Psagot Value Holdings Ltd. Israel boosted its position in shares of NextEra Energy by 68.2% in the fourth quarter. Psagot Value Holdings Ltd. Israel now owns 20,211 shares of the utilities provider's stock worth $1,232,000 after acquiring an additional 8,197 shares during the last quarter. 1ST Source Bank raised its position in shares of NextEra Energy by 5.3% in the 4th quarter. 1ST Source Bank now owns 34,566 shares of the utilities provider's stock worth $2,100,000 after buying an additional 1,733 shares during the period. Partnership Wealth Management LLC acquired a new position in NextEra Energy in the fourth quarter valued at $469,000. Summitry LLC grew its position in NextEra Energy by 10.5% during the fourth quarter. Summitry LLC now owns 5,176 shares of the utilities provider's stock valued at $314,000 after acquiring an additional 492 shares during the period. Finally, Ieq Capital LLC raised its holdings in shares of NextEra Energy by 3.2% in the 4th quarter. Ieq Capital LLC now owns 54,315 shares of the utilities provider's stock worth $3,299,000 after purchasing an additional 1,708 shares during the period. 78.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Mizuho boosted their target price on NextEra Energy from $67.00 to $71.00 and gave the stock a "buy" rating in a report on Wednesday, April 24th. BMO Capital Markets raised their target price on shares of NextEra Energy from $72.00 to $78.00 and gave the company an "outperform" rating in a research note on Tuesday, May 7th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $74.00 price target on shares of NextEra Energy in a research report on Tuesday, January 30th. Bank of America raised their price objective on NextEra Energy from $61.00 to $67.00 and gave the company a "neutral" rating in a research report on Tuesday, April 23rd. Finally, Barclays started coverage on NextEra Energy in a report on Wednesday, April 10th. They set an "equal weight" rating and a $66.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $71.93.

NextEra Energy Stock Up 1.1 %

NextEra Energy stock traded up $0.79 during midday trading on Monday, hitting $74.58. The stock had a trading volume of 7,651,357 shares, compared to its average volume of 11,916,115. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 1.12. The business has a fifty day moving average price of $63.77 and a 200 day moving average price of $60.35. NextEra Energy, Inc. has a 12 month low of $47.15 and a 12 month high of $78.53. The stock has a market cap of $153.23 billion, a P/E ratio of 20.29, a P/E/G ratio of 2.72 and a beta of 0.50.

NextEra Energy (NYSE:NEE - Get Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.11. The firm had revenue of $5.73 billion for the quarter, compared to analysts' expectations of $6.28 billion. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The firm's revenue for the quarter was down 14.7% on a year-over-year basis. During the same period last year, the business posted $0.84 earnings per share. Research analysts predict that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were paid a dividend of $0.515 per share. This is an increase from NextEra Energy's previous quarterly dividend of $0.47. This represents a $2.06 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date was Monday, February 26th. NextEra Energy's dividend payout ratio is presently 56.13%.

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.

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