Bryn Mawr Capital Management LLC Sells 5,244 Shares of NextEra Energy, Inc. (NYSE:NEE)

Bryn Mawr Capital Management LLC decreased its position in NextEra Energy, Inc. (NYSE:NEE) by 11.0% during the 4th quarter, Holdings Channel reports. The firm 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 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Mizuho Markets Americas LLC acquired a new position in NextEra Energy during the 3rd quarter worth about $141,817,000. Nordea Investment Management AB lifted its position in NextEra Energy by 59.1% during the 3rd quarter. Nordea Investment Management AB now owns 5,784,080 shares of the utilities provider’s stock worth $337,096,000 after buying an additional 2,148,205 shares in the last quarter. International Assets Investment Management LLC lifted its position in NextEra Energy by 7,999.6% during the 4th quarter. International Assets Investment Management LLC now owns 2,173,459 shares of the utilities provider’s stock worth $132,016,000 after buying an additional 2,146,625 shares in the last quarter. Vanguard Group Inc. lifted its position in NextEra Energy by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 198,430,172 shares of the utilities provider’s stock worth $11,368,065,000 after buying an additional 1,956,153 shares in the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc acquired a new position in NextEra Energy during the 4th quarter valued at about $94,883,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

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

NextEra Energy (NYSE:NEE) last posted its earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The company had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $6.28 billion. During the same quarter last year, the firm earned $0.84 earnings per share. The company’s revenue was down 14.7% on a year-over-year basis. On average, sell-side analysts expect that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, February 27th were given a $0.515 dividend. The ex-dividend date of this dividend was Monday, February 26th. This represents a $2.06 dividend on an annualized basis and a dividend yield of 3.12%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.47. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

Analysts Set New Price Targets

A number of research firms have issued reports on NEE. Mizuho upped their target price on shares of NextEra Energy from $67.00 to $71.00 and gave the company a “buy” rating in a research report on Wednesday. BMO Capital Markets upped their target price on shares of NextEra Energy from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday. Guggenheim upped their target price on shares of NextEra Energy from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Monday, January 22nd. Morgan Stanley raised their target price on shares of NextEra Energy from $77.00 to $79.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Wells Fargo & Company raised their target price on shares of NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, NextEra Energy has a consensus rating of “Moderate Buy” and a consensus price target of $71.50.

About NextEra Energy

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.