TIAA CREF Investment Management LLC lowered its position in shares of NextEra Energy Inc (NYSE:NEE) by 3.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,965,152 shares of the utilities provider’s stock after selling 80,724 shares during the period. TIAA CREF Investment Management LLC owned 0.42% of NextEra Energy worth $306,937,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Standard Life Aberdeen plc grew its position in NextEra Energy by 104.7% during the fourth quarter. Standard Life Aberdeen plc now owns 1,666,351 shares of the utilities provider’s stock worth $260,326,000 after buying an additional 852,434 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in NextEra Energy by 26.4% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,724,367 shares of the utilities provider’s stock worth $548,102,000 after buying an additional 777,351 shares in the last quarter. Patten Group Inc. grew its position in NextEra Energy by 7,613.6% during the third quarter. Patten Group Inc. now owns 686,048 shares of the utilities provider’s stock worth $1,326,000 after buying an additional 677,154 shares in the last quarter. Canada Pension Plan Investment Board grew its position in NextEra Energy by 136.0% during the third quarter. Canada Pension Plan Investment Board now owns 740,823 shares of the utilities provider’s stock worth $108,568,000 after buying an additional 426,932 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in NextEra Energy by 19.4% during the third quarter. Janus Henderson Group PLC now owns 2,148,989 shares of the utilities provider’s stock worth $314,932,000 after buying an additional 348,613 shares in the last quarter. Institutional investors own 76.50% of the company’s stock.
Shares of NextEra Energy Inc (NYSE:NEE) opened at $154.67 on Wednesday. The firm has a market capitalization of $72,685.88, a price-to-earnings ratio of 23.01, a price-to-earnings-growth ratio of 2.54 and a beta of 0.32. NextEra Energy Inc has a twelve month low of $127.09 and a twelve month high of $159.64. 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Tuesday, February 27th will be issued a $1.11 dividend. This represents a $4.44 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date of this dividend is Monday, February 26th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.98. NextEra Energy’s dividend payout ratio (DPR) is currently 38.98%.
In related news, CEO Armando Pimentel, Jr. sold 9,250 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $151.83, for a total transaction of $1,404,427.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Manoochehr K. Nazar sold 13,890 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $155.64, for a total value of $2,161,839.60. Following the sale, the insider now directly owns 142,429 shares in the company, valued at approximately $22,167,649.56. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,984 shares of company stock worth $4,006,149. Company insiders own 0.53% of the company’s stock.
A number of equities research analysts recently issued reports on NEE shares. Argus reissued a “buy” rating and set a $173.00 price target on shares of NextEra Energy in a research report on Tuesday, December 5th. They noted that the move was a valuation call. Credit Suisse Group started coverage on NextEra Energy in a research report 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 report on Tuesday, December 12th. Morgan Stanley increased their price target on NextEra Energy from $173.00 to $175.00 and gave the stock an “overweight” rating in a research report 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 report on Wednesday, January 3rd. Two investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $161.75.
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NextEra Energy Company 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.
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