Millennium Management LLC grew its holdings in shares of NextEra Energy Inc (NYSE:NEE) by 243.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,465,988 shares of the utilities provider’s stock after acquiring an additional 1,039,072 shares during the period. NextEra Energy comprises about 0.3% of Millennium Management LLC’s investment portfolio, making the stock its 24th biggest holding. Millennium Management LLC owned approximately 0.31% of NextEra Energy worth $228,973,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in NEE. Raymond James Financial Services Advisors Inc. grew its stake in shares of NextEra Energy by 10.5% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 143,758 shares of the utilities provider’s stock valued at $20,146,000 after acquiring an additional 13,670 shares in the last quarter. Cypress Capital Management LLC acquired a new stake in shares of NextEra Energy during the second quarter valued at about $228,000. Bank of Nova Scotia grew its stake in shares of NextEra Energy by 73.6% during the second quarter. Bank of Nova Scotia now owns 186,612 shares of the utilities provider’s stock valued at $26,150,000 after acquiring an additional 79,091 shares in the last quarter. Nomura Holdings Inc. grew its stake in shares of NextEra Energy by 378.3% during the second quarter. Nomura Holdings Inc. now owns 38,204 shares of the utilities provider’s stock valued at $5,358,000 after acquiring an additional 30,217 shares in the last quarter. Finally, BB&T Investment Services Inc. acquired a new stake in shares of NextEra Energy during the second quarter valued at about $246,000. Institutional investors own 76.50% of the company’s stock.
NextEra Energy Inc (NEE) opened at $155.50 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. NextEra Energy Inc has a 52 week low of $127.09 and a 52 week high of $159.64. The company has a market capitalization of $72,685.88, a P/E ratio of 13.58, a price-to-earnings-growth ratio of 2.54 and a beta of 0.32.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Tuesday, February 27th will be paid a $1.11 dividend. This is an increase from NextEra Energy’s previous quarterly dividend of $0.98. This represents a $4.44 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Monday, February 26th. NextEra Energy’s payout ratio is presently 38.98%.
In other NextEra Energy 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 completion of the transaction, the insider now directly owns 142,429 shares in the company, valued at $22,167,649.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Armando Pimentel, Jr. sold 9,250 shares of NextEra Energy stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $151.83, for a total value of $1,404,427.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,984 shares of company stock valued at $4,006,149. 0.53% of the stock is currently owned by insiders.
Several analysts have recently weighed in on NEE shares. Morgan Stanley raised their target price on NextEra Energy from $173.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, December 13th. Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $178.00 price target for the company in a research note on Tuesday, December 12th. Argus reiterated a “buy” rating and issued 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. Guggenheim reiterated a “buy” rating and issued a $177.00 price target on shares of NextEra Energy in a research note on Wednesday, January 3rd. Finally, Credit Suisse Group initiated coverage on NextEra Energy in a research note on Thursday, December 7th. They issued an “outperform” rating and a $173.00 price target for the company. Two research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. NextEra Energy has a consensus rating of “Buy” and a consensus price target of $161.75.
ILLEGAL ACTIVITY NOTICE: “NextEra Energy Inc (NEE) Stake Increased by Millennium Management LLC” was published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece of content on another domain, it was illegally stolen and reposted in violation of U.S. and international copyright laws. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/03/14/nextera-energy-inc-nee-stake-increased-by-millennium-management-llc.html.
NextEra Energy Profile
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.
Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy Inc (NYSE:NEE).
Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.