Radnor Capital Management LLC Has $1.03 Million Stock Position in NextEra Energy, Inc. (NYSE:NEE)

Radnor Capital Management LLC boosted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 3.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,588 shares of the utilities provider’s stock after purchasing an additional 515 shares during the period. Radnor Capital Management LLC’s holdings in NextEra Energy were worth $1,034,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in NEE. Norges Bank acquired a new stake in shares of NextEra Energy in the fourth quarter worth about $3,484,197,000. Boston Partners acquired a new stake in shares of NextEra Energy in the fourth quarter worth about $244,169,000. Two Sigma Advisers LP acquired a new stake in shares of NextEra Energy in the fourth quarter worth about $240,269,000. Amundi lifted its position in shares of NextEra Energy by 49.8% in the fourth quarter. Amundi now owns 9,543,552 shares of the utilities provider’s stock worth $676,008,000 after buying an additional 3,172,405 shares during the last quarter. Finally, California Public Employees Retirement System lifted its position in shares of NextEra Energy by 46.7% in the fourth quarter. California Public Employees Retirement System now owns 7,910,346 shares of the utilities provider’s stock worth $567,093,000 after buying an additional 2,517,369 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

Insider Transactions at NextEra Energy

In other news, EVP Charles E. Sieving sold 23,684 shares of the stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $70.00, for a total value of $1,657,880.00. Following the completion of the transaction, the executive vice president now directly owns 196,817 shares of the company’s stock, valued at approximately $13,777,190. This represents a 10.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.20% of the stock is currently owned by insiders.

NextEra Energy Trading Up 0.9%

NextEra Energy stock opened at $72.16 on Friday. The business has a 50 day moving average price of $68.45 and a two-hundred day moving average price of $70.64. 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 stock has a market cap of $148.55 billion, a price-to-earnings ratio of 21.41, a price-to-earnings-growth ratio of 2.45 and a beta of 0.68. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $86.10.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, April 23rd. The utilities provider reported $0.99 EPS for the quarter, meeting the consensus estimate of $0.99. The firm had revenue of $6.25 billion during the quarter, compared to analysts’ expectations of $6.58 billion. NextEra Energy had a return on equity of 11.85% and a net margin of 28.06%. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.91 EPS. As a group, equities analysts forecast that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.14%. NextEra Energy’s payout ratio is presently 84.64%.

Analysts Set New Price Targets

NEE has been the subject of a number of analyst reports. Morgan Stanley reaffirmed an “overweight” rating on shares of NextEra Energy in a research report on Wednesday, April 23rd. Barclays decreased their target price on NextEra Energy from $73.00 to $65.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 29th. Guggenheim restated a “buy” rating and set a $89.00 target price on shares of NextEra Energy in a research note on Thursday, March 20th. JPMorgan Chase & Co. increased their target price on NextEra Energy from $90.00 to $91.00 and gave the company an “overweight” rating in a research note on Tuesday, March 11th. Finally, Erste Group Bank downgraded NextEra Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 8th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $83.50.

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.