Polaris Capital Management LLC Lowers Stake in NextEra Energy, Inc. (NYSE:NEE)

Polaris Capital Management LLC cut its stake in NextEra Energy, Inc. (NYSE:NEE) by 5.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 475,764 shares of the utilities provider’s stock after selling 26,500 shares during the period. NextEra Energy comprises approximately 1.6% of Polaris Capital Management LLC’s portfolio, making the stock its 29th largest position. Polaris Capital Management LLC’s holdings in NextEra Energy were worth $34,108,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in NEE. International Assets Investment Management LLC raised its holdings in shares of NextEra Energy by 8,641.5% during the 3rd quarter. International Assets Investment Management LLC now owns 3,861,208 shares of the utilities provider’s stock valued at $326,388,000 after buying an additional 3,817,037 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of NextEra Energy by 4,058.2% during the third quarter. Assenagon Asset Management S.A. now owns 2,366,795 shares of the utilities provider’s stock worth $200,065,000 after acquiring an additional 2,309,876 shares in the last quarter. Nordea Investment Management AB lifted its holdings in shares of NextEra Energy by 20.9% in the 4th quarter. Nordea Investment Management AB now owns 8,833,725 shares of the utilities provider’s stock worth $634,703,000 after acquiring an additional 1,525,436 shares during the last quarter. National Bank of Canada FI boosted its stake in shares of NextEra Energy by 167.7% in the 3rd quarter. National Bank of Canada FI now owns 2,186,225 shares of the utilities provider’s stock valued at $184,795,000 after purchasing an additional 1,369,689 shares in the last quarter. Finally, Raymond James & Associates grew its holdings in shares of NextEra Energy by 14.3% during the 3rd quarter. Raymond James & Associates now owns 6,809,093 shares of the utilities provider’s stock valued at $575,573,000 after purchasing an additional 851,873 shares during the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Performance

Shares of NEE opened at $69.66 on Tuesday. The business’s 50 day moving average price is $71.66 and its 200-day moving average price is $77.03. The stock has a market cap of $143.25 billion, a P/E ratio of 20.67, a P/E/G ratio of 2.42 and a beta of 0.58. NextEra Energy, Inc. has a 52 week low of $53.95 and a 52 week high of $86.10. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 1.20.

NextEra Energy (NYSE:NEE) last issued its earnings results on Friday, January 24th. The utilities provider reported $0.53 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.53. NextEra Energy had a net margin of 28.06% and a return on equity of 11.85%. Equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Jefferies Financial Group cut their price target on shares of NextEra Energy from $81.00 to $77.00 in a research report on Monday, January 27th. Barclays raised their price target on NextEra Energy from $80.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. JPMorgan Chase & Co. lowered their price objective on NextEra Energy from $99.00 to $90.00 in a research report on Monday, January 27th. Morgan Stanley raised their target price on shares of NextEra Energy from $93.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Finally, BMO Capital Markets raised their price target on shares of NextEra Energy from $82.00 to $84.00 in a report on Monday, January 27th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $85.85.

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.