Mariner LLC Grows Stock Holdings in NextEra Energy, Inc. (NYSE:NEE)

Mariner LLC lifted its position in NextEra Energy, Inc. (NYSE:NEE) by 7.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,709,626 shares of the utilities provider’s stock after buying an additional 188,180 shares during the period. Mariner LLC owned approximately 0.13% of NextEra Energy worth $194,254,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Howard Capital Management Group LLC boosted its position in shares of NextEra Energy by 1.8% in the 3rd quarter. Howard Capital Management Group LLC now owns 299,215 shares of the utilities provider’s stock worth $25,293,000 after purchasing an additional 5,409 shares in the last quarter. SOA Wealth Advisors LLC. raised its stake in NextEra Energy by 3.1% in the third quarter. SOA Wealth Advisors LLC. now owns 21,790 shares of the utilities provider’s stock valued at $1,842,000 after buying an additional 656 shares during the last quarter. Wealthquest Corp boosted its holdings in NextEra Energy by 4.8% in the third quarter. Wealthquest Corp now owns 9,829 shares of the utilities provider’s stock worth $838,000 after acquiring an additional 446 shares in the last quarter. Tudor Financial Inc. acquired a new stake in NextEra Energy in the third quarter worth about $742,000. Finally, Anchor Investment Management LLC grew its stake in shares of NextEra Energy by 4.5% during the third quarter. Anchor Investment Management LLC now owns 52,178 shares of the utilities provider’s stock worth $4,411,000 after acquiring an additional 2,252 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Down 1.5 %

Shares of NEE stock opened at $65.72 on Monday. The company has a current ratio of 0.47, a quick ratio of 0.38 and a debt-to-equity ratio of 1.20. NextEra Energy, Inc. has a twelve month low of $61.31 and a twelve month high of $86.10. The stock has a 50 day moving average of $69.89 and a 200 day moving average of $73.78. The stock has a market cap of $135.29 billion, a P/E ratio of 19.50, a P/E/G ratio of 2.45 and a beta of 0.58.

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

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Friday, February 28th were paid a dividend of $0.5665 per share. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.52. This represents a $2.27 annualized dividend and a dividend yield of 3.45%. The ex-dividend date was Friday, February 28th. NextEra Energy’s dividend payout ratio is presently 67.06%.

Analyst Ratings Changes

NEE has been the subject of a number of recent analyst reports. BMO Capital Markets lifted their target price on shares of NextEra Energy from $82.00 to $84.00 in a research note on Monday, January 27th. JPMorgan Chase & Co. lifted their price objective on shares of NextEra Energy from $90.00 to $91.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 11th. Guggenheim reissued a “buy” rating and set a $89.00 price objective on shares of NextEra Energy in a report on Thursday, March 20th. Morgan Stanley raised their target price on NextEra Energy from $95.00 to $97.00 and gave the stock an “overweight” rating in a research note on Thursday, March 20th. Finally, Evercore ISI dropped their price target on NextEra Energy from $84.00 to $79.00 and set an “in-line” rating on the stock in a research note on Monday, January 27th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $85.92.

Insider Activity

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

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,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.