Cornerstone Capital Management Holdings LLC. increased its stake in NextEra Energy Inc (NYSE:NEE) by 7.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 164,322 shares of the utilities provider’s stock after purchasing an additional 11,193 shares during the period. Cornerstone Capital Management Holdings LLC.’s holdings in NextEra Energy were worth $25,664,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Geode Capital Management LLC grew its position in NextEra Energy by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 4,869,190 shares of the utilities provider’s stock valued at $758,889,000 after acquiring an additional 73,790 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in NextEra Energy by 6.5% in the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,968,016 shares of the utilities provider’s stock valued at $619,764,000 after acquiring an additional 243,649 shares during the last quarter. Bank of New York Mellon Corp grew its position in NextEra Energy by 1.1% in the fourth quarter. Bank of New York Mellon Corp now owns 3,907,505 shares of the utilities provider’s stock valued at $610,314,000 after acquiring an additional 41,226 shares during the last quarter. Legal & General Group Plc grew its position in NextEra Energy by 2.8% in the third quarter. Legal & General Group Plc now owns 2,772,914 shares of the utilities provider’s stock valued at $406,375,000 after acquiring an additional 76,379 shares during the last quarter. Finally, Alliancebernstein L.P. grew its position in NextEra Energy by 1.0% in the fourth quarter. Alliancebernstein L.P. now owns 2,664,040 shares of the utilities provider’s stock valued at $416,096,000 after acquiring an additional 26,147 shares during the last quarter. Institutional investors own 76.50% of the company’s stock.
NextEra Energy Inc (NYSE:NEE) opened at $154.67 on Wednesday. The company has a quick ratio of 0.52, a current ratio of 0.64 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $72,685.88, a P/E ratio of 13.58, a P/E/G ratio of 2.54 and a beta of 0.32. NextEra Energy Inc has a 12 month low of $127.09 and a 12 month high of $159.64.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Tuesday, February 27th will be paid a $1.11 dividend. This is a positive change from NextEra Energy’s previous quarterly dividend of $0.98. This represents a $4.44 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date is Monday, February 26th. NextEra Energy’s payout ratio is currently 38.98%.
NEE has been the topic of a number of recent research reports. Argus reissued a “buy” rating and set a $173.00 price target on shares of NextEra Energy in a research note on Tuesday, December 5th. They noted that the move was a valuation call. Credit Suisse Group initiated coverage on NextEra Energy in a research note on Thursday, December 7th. They set an “outperform” rating and a $173.00 price target on the stock. Zacks Investment Research raised NextEra Energy from a “hold” rating to a “buy” rating and set a $178.00 price target on the stock in a research note on Tuesday, December 12th. Morgan Stanley lifted their price target on NextEra Energy from $173.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, December 13th. Finally, Guggenheim reissued a “buy” rating and set a $177.00 price target on shares of NextEra Energy in a research note on Wednesday, January 3rd. Two research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $161.75.
In related news, insider Manoochehr K. Nazar sold 13,890 shares of NextEra Energy stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $155.64, for a total value of $2,161,839.60. Following the transaction, the insider now directly owns 142,429 shares of the company’s stock, valued at $22,167,649.56. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Charles E. Sieving sold 2,844 shares of NextEra Energy stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $154.67, for a total value of $439,881.48. Following the completion of the transaction, the executive vice president now directly owns 48,966 shares in the company, valued at $7,573,571.22. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,984 shares of company stock worth $4,006,149. 0.53% of the stock is owned by insiders.
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About NextEra Energy
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.
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