Bryn Mawr Capital Management LLC Has $2.76 Million Position in NextEra Energy, Inc. (NYSE:NEE)

Bryn Mawr Capital Management LLC cut its position in NextEra Energy, Inc. (NYSE:NEE) by 14.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,551 shares of the utilities provider’s stock after selling 6,600 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in NextEra Energy were worth $2,764,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. National Pension Service raised its position in shares of NextEra Energy by 12.5% in the 4th quarter. National Pension Service now owns 4,457,023 shares of the utilities provider’s stock valued at $319,524,000 after buying an additional 496,791 shares in the last quarter. Fjell Capital LLC acquired a new position in NextEra Energy during the 4th quarter worth approximately $954,000. Bradley & Co. Private Wealth Management LLC acquired a new position in NextEra Energy during the 4th quarter worth approximately $279,000. Illinois Municipal Retirement Fund increased its position in NextEra Energy by 21.4% during the 4th quarter. Illinois Municipal Retirement Fund now owns 30,428 shares of the utilities provider’s stock worth $2,181,000 after purchasing an additional 5,369 shares in the last quarter. Finally, Vaughan David Investments LLC IL increased its position in NextEra Energy by 0.3% during the 4th quarter. Vaughan David Investments LLC IL now owns 690,132 shares of the utilities provider’s stock worth $49,476,000 after purchasing an additional 1,748 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Trading Down 0.4 %

NYSE:NEE opened at $70.97 on Thursday. The firm’s fifty day moving average is $70.47 and its 200-day moving average is $76.42. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.38 and a current ratio of 0.47. NextEra Energy, Inc. has a 52 week low of $53.95 and a 52 week high of $86.10. The firm has a market cap of $145.99 billion, a P/E ratio of 21.06, a P/E/G ratio of 2.45 and a beta of 0.58.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Friday, January 24th. The utilities provider reported $0.53 EPS for the quarter, meeting analysts’ consensus estimates of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Equities analysts expect that NextEra Energy, Inc. will post 3.68 earnings per share for the current year.

NextEra Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be paid a $0.5665 dividend. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date is Friday, February 28th. NextEra Energy’s dividend payout ratio is currently 67.06%.

Insider Activity

In other news, CAO James Michael May sold 2,383 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $68.09, for a total value of $162,258.47. Following the sale, the chief accounting officer now directly owns 27,427 shares of the company’s stock, valued at approximately $1,867,504.43. This represents a 7.99 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

NEE has been the subject of a number of research analyst reports. BMO Capital Markets upped their price objective on shares of NextEra Energy from $82.00 to $84.00 in a research report on Monday, January 27th. Jefferies Financial Group lowered their price objective on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Morgan Stanley upped their price objective on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. lowered their price objective on shares of NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Finally, Scotiabank boosted their target price on shares of NextEra Energy from $92.00 to $96.00 and gave the stock a “sector outperform” rating in a report on Thursday, December 12th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, NextEra Energy has a consensus rating of “Hold” and an average price target of $85.85.

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.