Bryn Mawr Capital Management LLC Reduces Position in NextEra Energy, Inc. (NYSE:NEE)

Bryn Mawr Capital Management LLC cut its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 11.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,629 shares of the utilities provider’s stock after selling 5,244 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in NextEra Energy were worth $2,589,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in NEE. Mizuho Markets Americas LLC purchased a new stake in shares of NextEra Energy during the third quarter valued at $141,817,000. Nordea Investment Management AB boosted its holdings in NextEra Energy by 59.1% in the third quarter. Nordea Investment Management AB now owns 5,784,080 shares of the utilities provider’s stock valued at $337,096,000 after purchasing an additional 2,148,205 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in NextEra Energy by 7,999.6% in the fourth quarter. International Assets Investment Management LLC now owns 2,173,459 shares of the utilities provider’s stock valued at $132,016,000 after purchasing an additional 2,146,625 shares during the last quarter. Vanguard Group Inc. boosted its holdings in NextEra Energy by 1.0% in the third quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock valued at $11,368,065,000 after purchasing an additional 1,956,153 shares during the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc purchased a new stake in NextEra Energy in the fourth quarter valued at $94,883,000. 78.72% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Stock Down 1.3 %

NEE stock traded down $0.89 during midday trading on Friday, hitting $66.01. The company’s stock had a trading volume of 9,982,530 shares, compared to its average volume of 11,912,114. NextEra Energy, Inc. has a 52-week low of $47.15 and a 52-week high of $78.53. The firm has a 50-day simple moving average of $60.85 and a 200-day simple moving average of $59.06. The firm has a market capitalization of $135.62 billion, a P/E ratio of 17.99, a PEG ratio of 2.45 and a beta of 0.51. The company has a quick ratio of 0.47, a current ratio of 0.51 and a debt-to-equity ratio of 1.12.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. NextEra Energy had a net margin of 27.62% and a return on equity of 11.72%. The business had revenue of $5.73 billion for the quarter, compared to analyst estimates of $6.28 billion. During the same period last year, the business earned $0.84 EPS. The company’s revenue was down 14.7% on a year-over-year basis. As a group, equities analysts forecast that NextEra Energy, Inc. will post 3.4 EPS for the current year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were issued a $0.515 dividend. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.12%. 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. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Analyst Ratings Changes

Several equities research analysts have commented on NEE shares. StockNews.com raised shares of NextEra Energy from a “sell” rating to a “hold” rating in a report on Monday. Barclays initiated coverage on shares of NextEra Energy in a research note on Wednesday, April 10th. They set an “equal weight” rating and a $66.00 target price on the stock. Guggenheim increased their target price on shares of NextEra Energy from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, January 22nd. BMO Capital Markets increased their target price on shares of NextEra Energy from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Bank of America increased their target price on shares of NextEra Energy from $61.00 to $67.00 and gave the stock a “neutral” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $71.50.

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.