Mackenzie Financial Corp Sells 410,849 Shares of NextEra Energy, Inc. (NYSE:NEE)

Mackenzie Financial Corp decreased its holdings in NextEra Energy, Inc. (NYSE:NEE) by 45.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 495,984 shares of the utilities provider’s stock after selling 410,849 shares during the quarter. Mackenzie Financial Corp’s holdings in NextEra Energy were worth $30,126,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of NEE. United Bank raised its position in NextEra Energy by 9.8% in the 1st quarter. United Bank now owns 9,966 shares of the utilities provider’s stock valued at $844,000 after purchasing an additional 891 shares during the last quarter. LSV Asset Management increased its stake in shares of NextEra Energy by 9.2% in the 1st quarter. LSV Asset Management now owns 32,180 shares of the utilities provider’s stock valued at $2,726,000 after buying an additional 2,700 shares during the period. Brown Brothers Harriman & Co. increased its stake in shares of NextEra Energy by 11.2% in the 1st quarter. Brown Brothers Harriman & Co. now owns 15,731 shares of the utilities provider’s stock valued at $1,333,000 after buying an additional 1,587 shares during the period. Covestor Ltd increased its stake in shares of NextEra Energy by 59.1% in the 1st quarter. Covestor Ltd now owns 878 shares of the utilities provider’s stock valued at $74,000 after buying an additional 326 shares during the period. Finally, Ergoteles LLC acquired a new stake in shares of NextEra Energy in the 1st quarter valued at $793,000. Institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

NEE stock opened at $63.79 on Thursday. The business’s 50-day moving average price is $59.58 and its two-hundred day moving average price is $58.39. The firm has a market cap of $130.92 billion, a PE ratio of 17.67, a P/E/G ratio of 2.22 and a beta of 0.51. The company has a current ratio of 0.55, a quick ratio of 0.47 and a debt-to-equity ratio of 1.06. NextEra Energy, Inc. has a 1-year low of $47.15 and a 1-year high of $79.78.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Thursday, January 25th. The utilities provider reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The firm had revenue of $6.88 billion for the quarter, compared to the consensus estimate of $5.72 billion. NextEra Energy had a return on equity of 11.73% and a net margin of 26.00%. During the same quarter in the previous year, the business earned $0.51 earnings per share. As a group, research analysts forecast that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, February 27th were given a $0.515 dividend. This is an increase from NextEra Energy’s previous quarterly dividend of $0.47. The ex-dividend date was Monday, February 26th. This represents a $2.06 annualized dividend and a dividend yield of 3.23%. NextEra Energy’s dividend payout ratio is presently 57.06%.

Analysts Set New Price Targets

Several research firms have recently commented on NEE. Barclays began coverage on NextEra Energy in a research note on Wednesday, April 10th. They issued an “equal weight” rating and a $66.00 target price for the company. Wells Fargo & Company lifted their target price on NextEra Energy from $84.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. StockNews.com cut NextEra Energy from a “hold” rating to a “sell” rating in a research note on Monday, February 19th. Mizuho reaffirmed a “buy” rating and set a $67.00 price objective (up from $65.00) on shares of NextEra Energy in a research note on Friday, March 15th. Finally, BMO Capital Markets decreased their price objective on NextEra Energy from $77.00 to $68.00 and set an “outperform” rating for the company in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $71.36.

NextEra Energy 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.