Cramer Rosenthal Mcglynn LLC Has $11.16 Million Stock Position in NextEra Energy, Inc. $NEE

Cramer Rosenthal Mcglynn LLC lifted its stake in NextEra Energy, Inc. (NYSE:NEE) by 38.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 147,844 shares of the utilities provider’s stock after buying an additional 40,719 shares during the period. Cramer Rosenthal Mcglynn LLC’s holdings in NextEra Energy were worth $11,161,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC lifted its holdings in NextEra Energy by 7.0% during the 4th quarter. Brighton Jones LLC now owns 28,282 shares of the utilities provider’s stock valued at $2,028,000 after purchasing an additional 1,840 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of NextEra Energy by 6.5% during the fourth quarter. Revolve Wealth Partners LLC now owns 4,854 shares of the utilities provider’s stock worth $348,000 after buying an additional 298 shares in the last quarter. Acadian Asset Management LLC raised its stake in shares of NextEra Energy by 38.4% in the first quarter. Acadian Asset Management LLC now owns 12,542 shares of the utilities provider’s stock valued at $887,000 after acquiring an additional 3,479 shares during the last quarter. Sivia Capital Partners LLC boosted its holdings in shares of NextEra Energy by 18.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,563 shares of the utilities provider’s stock worth $386,000 after acquiring an additional 852 shares in the last quarter. Finally, United Bank increased its holdings in NextEra Energy by 2.9% during the 2nd quarter. United Bank now owns 15,596 shares of the utilities provider’s stock valued at $1,083,000 after purchasing an additional 444 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Stock Down 1.7%

Shares of NYSE NEE opened at $91.05 on Friday. The firm has a 50 day moving average price of $87.06 and a 200 day moving average price of $82.17. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.49 and a current ratio of 0.60. The stock has a market cap of $189.70 billion, a P/E ratio of 27.67 and a beta of 0.76. NextEra Energy, Inc. has a 52-week low of $61.72 and a 52-week high of $95.91.

NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Tuesday, January 27th. The utilities provider reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.01. NextEra Energy had a net margin of 24.93% and a return on equity of 12.18%. The business had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $7.07 billion. During the same quarter in the prior year, the company earned $0.53 EPS. The firm’s quarterly revenue was up 20.7% on a year-over-year basis. Analysts expect that NextEra Energy, Inc. will post 3.68 EPS for the current year.

NextEra Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Friday, February 27th will be given a $0.6232 dividend. The ex-dividend date is Friday, February 27th. This represents a $2.49 annualized dividend and a dividend yield of 2.7%. This is a boost from NextEra Energy’s previous quarterly dividend of $0.57. NextEra Energy’s payout ratio is presently 75.68%.

Insiders Place Their Bets

In other NextEra Energy news, EVP Charles E. Sieving sold 30,000 shares of NextEra Energy stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $90.00, for a total value of $2,700,000.00. Following the transaction, the executive vice president owned 167,481 shares of the company’s stock, valued at approximately $15,073,290. The trade was a 15.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Ronald R. Reagan sold 18,620 shares of the stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $90.00, for a total value of $1,675,800.00. Following the transaction, the executive vice president owned 9,643 shares of the company’s stock, valued at approximately $867,870. This trade represents a 65.88% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 159,049 shares of company stock worth $14,194,542. Company insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on NEE shares. Morgan Stanley reaffirmed an “overweight” rating and issued a $106.00 price target on shares of NextEra Energy in a report on Friday, February 20th. Erste Group Bank raised shares of NextEra Energy from a “hold” rating to a “buy” rating in a report on Wednesday, February 18th. Barclays upped their price objective on NextEra Energy from $84.00 to $85.00 and gave the stock an “equal weight” rating in a report on Thursday, January 15th. HSBC lifted their target price on NextEra Energy from $96.00 to $103.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. Finally, Seaport Research Partners cut their target price on shares of NextEra Energy from $56.00 to $55.00 and set a “sell” rating on the stock in a research report on Monday, February 2nd. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, NextEra Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $94.16.

NextEra Energy Profile

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.