Moors & Cabot Inc. Has $5.91 Million Holdings in NextEra Energy Inc (NYSE:NEE)

Moors & Cabot Inc. cut its stake in shares of NextEra Energy Inc (NYSE:NEE) by 0.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,613 shares of the utilities provider’s stock after selling 67 shares during the period. NextEra Energy accounts for 0.9% of Moors & Cabot Inc.’s holdings, making the stock its 20th largest position. Moors & Cabot Inc.’s holdings in NextEra Energy were worth $5,909,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the business. Oxford Financial Group Ltd. acquired a new stake in NextEra Energy during the first quarter worth approximately $697,000. Vident Investment Advisory LLC lifted its position in NextEra Energy by 10.0% during the first quarter. Vident Investment Advisory LLC now owns 8,303 shares of the utilities provider’s stock worth $1,998,000 after acquiring an additional 755 shares during the last quarter. Eqis Capital Management Inc. lifted its position in NextEra Energy by 4.5% during the first quarter. Eqis Capital Management Inc. now owns 2,671 shares of the utilities provider’s stock worth $720,000 after acquiring an additional 115 shares during the last quarter. Dividend Assets Capital LLC lifted its position in NextEra Energy by 8.4% during the first quarter. Dividend Assets Capital LLC now owns 1,156 shares of the utilities provider’s stock worth $278,000 after acquiring an additional 90 shares during the last quarter. Finally, Flagship Harbor Advisors LLC lifted its position in NextEra Energy by 4.9% during the first quarter. Flagship Harbor Advisors LLC now owns 3,972 shares of the utilities provider’s stock worth $956,000 after acquiring an additional 185 shares during the last quarter. Hedge funds and other institutional investors own 77.08% of the company’s stock.

In other news, Director Rudy E. Schupp sold 1,600 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $220.20, for a total transaction of $352,320.00. Following the completion of the transaction, the director now directly owns 14,746 shares in the company, valued at $3,247,069.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James Lawrence Camaren acquired 1,000 shares of the stock in a transaction dated Thursday, March 12th. The shares were bought at an average price of $212.40 per share, with a total value of $212,400.00. Following the completion of the transaction, the director now directly owns 35,330 shares of the company’s stock, valued at $7,504,092. The disclosure for this purchase can be found here. Insiders have sold a total of 83,698 shares of company stock worth $19,052,094 over the last ninety days. Company insiders own 0.40% of the company’s stock.

Shares of NYSE NEE traded down $1.77 during midday trading on Monday, reaching $253.79. 537,186 shares of the company were exchanged, compared to its average volume of 2,391,985. The stock’s 50-day moving average price is $235.45 and its 200-day moving average price is $242.29. The stock has a market cap of $125.08 billion, a P/E ratio of 34.90, a PEG ratio of 3.65 and a beta of 0.23. NextEra Energy Inc has a one year low of $174.80 and a one year high of $283.35. The company has a quick ratio of 0.61, a current ratio of 0.71 and a debt-to-equity ratio of 1.01.

NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, April 22nd. The utilities provider reported $2.38 earnings per share for the quarter, topping analysts’ consensus estimates of $2.26 by $0.12. The firm had revenue of $4.61 billion for the quarter, compared to analysts’ expectations of $4.88 billion. NextEra Energy had a net margin of 17.77% and a return on equity of 10.38%. The company’s revenue was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.20 earnings per share. On average, equities research analysts anticipate that NextEra Energy Inc will post 9.06 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Tuesday, June 2nd will be given a dividend of $1.40 per share. This represents a $5.60 annualized dividend and a yield of 2.21%. The ex-dividend date is Monday, June 1st. NextEra Energy’s dividend payout ratio is currently 66.91%.

NEE has been the subject of several research reports. BMO Capital Markets initiated coverage on shares of NextEra Energy in a research report on Wednesday, February 19th. They set an “outperform” rating and a $290.00 price objective for the company. Credit Suisse Group dropped their price target on shares of NextEra Energy from $256.00 to $252.00 and set a “neutral” rating for the company in a research report on Friday, April 17th. Barclays dropped their price target on shares of NextEra Energy from $269.00 to $220.00 and set an “equal weight” rating for the company in a research report on Thursday, March 26th. Morgan Stanley dropped their price target on shares of NextEra Energy from $246.00 to $237.00 and set an “equal weight” rating for the company in a research report on Friday, May 15th. Finally, UBS Group dropped their price target on shares of NextEra Energy from $310.00 to $255.00 and set a “buy” rating for the company in a research report on Monday, March 16th. One research analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the stock. NextEra Energy has an average rating of “Buy” and a consensus target price of $251.07.

NextEra Energy Company Profile

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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.

Further Reading: Dividend Achievers

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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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