M&R Capital Management Inc. raised its stake in shares of NextEra Energy Inc. (NYSE:NEE) by 62.3% during the second quarter, Holdings Channel reports. The institutional investor owned 33,905 shares of the company’s stock after buying an additional 13,020 shares during the period. M&R Capital Management Inc.’s holdings in NextEra Energy were worth $1,046,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in NEE. Cornerstone Advisors Inc. raised its stake in shares of NextEra Energy by 0.4% in the second quarter. Cornerstone Advisors Inc. now owns 1,627 shares of the company’s stock valued at $212,000 after buying an additional 7 shares during the period. MCF Advisors LLC raised its stake in shares of NextEra Energy by 0.7% in the first quarter. MCF Advisors LLC now owns 1,817 shares of the company’s stock valued at $215,000 after buying an additional 12 shares during the period. Sequoia Financial Advisors LLC raised its stake in shares of NextEra Energy by 0.7% in the second quarter. Sequoia Financial Advisors LLC now owns 3,013 shares of the company’s stock valued at $393,000 after buying an additional 20 shares during the period. Beacon Investment Advisory Services Inc. raised its stake in shares of NextEra Energy by 0.5% in the second quarter. Beacon Investment Advisory Services Inc. now owns 4,162 shares of the company’s stock valued at $543,000 after buying an additional 22 shares during the period. Finally, Cohen Lawrence B raised its stake in shares of NextEra Energy by 0.8% in the second quarter. Cohen Lawrence B now owns 3,002 shares of the company’s stock valued at $391,000 after buying an additional 25 shares during the period. 74.52% of the stock is owned by hedge funds and other institutional investors.

NextEra Energy Inc. (NYSE:NEE) opened at 127.84 on Thursday. The stock has a market capitalization of $59.06 billion, a PE ratio of 22.88 and a beta of 0.33. The firm has a 50-day moving average price of $124.47 and a 200-day moving average price of $122.14. NextEra Energy Inc. has a 52 week low of $95.84 and a 52 week high of $131.98.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $1.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.10. NextEra Energy had a return on equity of 11.82% and a net margin of 15.36%. The business had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $4.33 billion. During the same period last year, the business posted $1.56 EPS. The business’s revenue was down 12.4% compared to the same quarter last year. Equities research analysts predict that NextEra Energy Inc. will post $6.20 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Tuesday, August 30th were issued a $0.87 dividend. The ex-dividend date of this dividend was Friday, August 26th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 2.72%. NextEra Energy’s dividend payout ratio is presently 62.59%.

Several research analysts have commented on the company. Deutsche Bank AG restated a “buy” rating and issued a $123.00 target price on shares of NextEra Energy in a research note on Wednesday, June 1st. Argus restated a “buy” rating and issued a $134.00 target price (up previously from $128.00) on shares of NextEra Energy in a research note on Tuesday, June 7th. Goldman Sachs Group Inc. restated a “conviction-buy” rating on shares of NextEra Energy in a research note on Wednesday, June 8th. Morgan Stanley assumed coverage on NextEra Energy in a research note on Wednesday, June 29th. They issued a “hold” rating and a $146.00 target price for the company. Finally, Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a research note on Tuesday, July 5th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. NextEra Energy presently has a consensus rating of “Buy” and a consensus price target of C$129.07.

In other news, VP Chris N. Froggatt sold 16,467 shares of NextEra Energy stock in a transaction on Friday, July 29th. The stock was sold at an average price of C$127.61, for a total value of C$2,101,353.87. Following the transaction, the vice president now directly owns 22,916 shares in the company, valued at approximately C$2,924,310.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Treasurer Paul I. Cutler sold 4,796 shares of NextEra Energy stock in a transaction on Thursday, June 30th. The shares were sold at an average price of C$130.00, for a total value of C$623,480.00. Following the completion of the transaction, the treasurer now owns 69,977 shares in the company, valued at C$9,097,010. The disclosure for this sale can be found here. 0.66% of the stock is owned by insiders.

NextEra Energy Company Profile

NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power company in North America with electric generating facilities located in over 30 states in the United States and approximately five provinces in Canada. NEE’s operating segments are FPL, an electric utility, and NEER, an energy business.

5 Day Chart for NYSE:NEE

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