Mattern Capital Management LLC Sells 1,537 Shares of NextEra Energy, Inc. (NYSE:NEE)

Mattern Capital Management LLC trimmed its holdings in NextEra Energy, Inc. (NYSE:NEE) by 1.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 142,442 shares of the utilities provider’s stock after selling 1,537 shares during the period. NextEra Energy accounts for about 1.5% of Mattern Capital Management LLC’s portfolio, making the stock its 9th biggest holding. Mattern Capital Management LLC’s holdings in NextEra Energy were worth $12,041,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Modera Wealth Management LLC increased its holdings in shares of NextEra Energy by 1.1% in the third quarter. Modera Wealth Management LLC now owns 39,721 shares of the utilities provider’s stock valued at $3,358,000 after purchasing an additional 449 shares during the last quarter. GHP Investment Advisors Inc. grew its stake in NextEra Energy by 60.6% in the 3rd quarter. GHP Investment Advisors Inc. now owns 1,102 shares of the utilities provider’s stock valued at $93,000 after buying an additional 416 shares during the last quarter. Boston Trust Walden Corp raised its holdings in NextEra Energy by 0.4% in the 3rd quarter. Boston Trust Walden Corp now owns 30,720 shares of the utilities provider’s stock valued at $2,597,000 after acquiring an additional 130 shares during the period. Covenant Partners LLC lifted its position in NextEra Energy by 2.4% during the third quarter. Covenant Partners LLC now owns 9,386 shares of the utilities provider’s stock worth $793,000 after acquiring an additional 219 shares during the last quarter. Finally, Consolidated Portfolio Review Corp boosted its holdings in shares of NextEra Energy by 6.8% during the third quarter. Consolidated Portfolio Review Corp now owns 5,959 shares of the utilities provider’s stock worth $504,000 after acquiring an additional 382 shares during the period. 78.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Morgan Stanley increased their target price on NextEra Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. Barclays increased their price objective on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday. Royal Bank of Canada cut shares of NextEra Energy from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. raised their price target on shares of NextEra Energy from $91.00 to $94.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Finally, Bank of America lifted their price objective on shares of NextEra Energy from $77.00 to $81.00 and gave the stock a “neutral” rating in a research note on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $86.54.

NextEra Energy Stock Performance

Shares of NYSE:NEE opened at $81.43 on Friday. The company’s 50 day simple moving average is $82.36 and its 200 day simple moving average is $76.20. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.49 and a quick ratio of 0.41. NextEra Energy, Inc. has a 1 year low of $53.81 and a 1 year high of $86.10. The stock has a market capitalization of $167.37 billion, a price-to-earnings ratio of 26.44, a price-to-earnings-growth ratio of 3.03 and a beta of 0.56.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Wednesday, October 23rd. The utilities provider reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.05. The company had revenue of $7.57 billion during the quarter, compared to analysts’ expectations of $8.11 billion. NextEra Energy had a return on equity of 11.75% and a net margin of 24.45%. NextEra Energy’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.94 EPS. As a group, research analysts predict that NextEra Energy, Inc. will post 3.4 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 22nd will be issued a $0.515 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.06 dividend on an annualized basis and a dividend yield of 2.53%. NextEra Energy’s dividend payout ratio (DPR) is currently 66.88%.

Insider Activity

In related news, EVP Nicole J. Daggs sold 658 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $76.97, for a total transaction of $50,646.26. Following the completion of the transaction, the executive vice president now directly owns 100 shares in the company, valued at $7,697. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

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.