B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund lowered its holdings in NextEra Energy Inc (NYSE:NEE) by 3.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 206,368 shares of the utilities provider’s stock after selling 8,004 shares during the period. NextEra Energy comprises 5.5% of B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s holdings, making the stock its 3rd largest position. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund’s holdings in NextEra Energy were worth $34,470,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the business. American Century Companies Inc. lifted its position in shares of NextEra Energy by 34.1% during the 1st quarter. American Century Companies Inc. now owns 73,792 shares of the utilities provider’s stock valued at $12,052,000 after buying an additional 18,752 shares during the last quarter. Parsons Capital Management Inc. RI lifted its position in shares of NextEra Energy by 3.7% during the 1st quarter. Parsons Capital Management Inc. RI now owns 30,333 shares of the utilities provider’s stock valued at $4,954,000 after buying an additional 1,090 shares during the last quarter. Santa Barbara Asset Management LLC lifted its position in shares of NextEra Energy by 0.5% during the 1st quarter. Santa Barbara Asset Management LLC now owns 1,270,155 shares of the utilities provider’s stock valued at $207,454,000 after buying an additional 5,832 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of NextEra Energy by 6.8% during the 1st quarter. Parallel Advisors LLC now owns 7,001 shares of the utilities provider’s stock valued at $1,143,000 after buying an additional 447 shares during the last quarter. Finally, Cornerstone Capital Inc. purchased a new position in shares of NextEra Energy during the 1st quarter valued at $205,000. 76.29% of the stock is currently owned by institutional investors and hedge funds.
NEE has been the topic of a number of recent research reports. Morgan Stanley increased their price objective on NextEra Energy from $181.00 to $186.00 and gave the stock a “buy” rating in a report on Tuesday. Mizuho initiated coverage on NextEra Energy in a report on Monday, August 13th. They set a “buy” rating and a $184.00 price objective on the stock. Zacks Investment Research raised NextEra Energy from a “hold” rating to a “buy” rating and set a $191.00 price objective on the stock in a report on Wednesday, August 8th. ValuEngine raised NextEra Energy from a “hold” rating to a “buy” rating in a report on Thursday, August 2nd. Finally, Barclays initiated coverage on NextEra Energy in a report on Tuesday, July 10th. They set an “equal weight” rating and a $182.00 price objective on the stock. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $168.38.
Shares of NEE opened at $174.60 on Friday. The stock has a market cap of $81.19 billion, a P/E ratio of 26.06, a P/E/G ratio of 2.65 and a beta of 0.18. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.46 and a current ratio of 0.58. NextEra Energy Inc has a 52-week low of $144.70 and a 52-week high of $175.65.
NextEra Energy (NYSE:NEE) last announced its earnings results on Wednesday, July 25th. The utilities provider reported $2.11 earnings per share for the quarter, topping analysts’ consensus estimates of $2.06 by $0.05. The business had revenue of $4.07 billion for the quarter, compared to analyst estimates of $4.51 billion. NextEra Energy had a return on equity of 10.49% and a net margin of 49.10%. The company’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.86 EPS. research analysts expect that NextEra Energy Inc will post 7.76 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 17th. Shareholders of record on Thursday, August 30th will be paid a $1.11 dividend. The ex-dividend date is Wednesday, August 29th. This represents a $4.44 dividend on an annualized basis and a yield of 2.54%. NextEra Energy’s dividend payout ratio is currently 66.27%.
In other NextEra Energy news, Director James L. Robo sold 18,000 shares of the company’s stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $170.69, for a total value of $3,072,420.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Eric E. Silagy sold 17,000 shares of the company’s stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $171.91, for a total value of $2,922,470.00. Following the completion of the transaction, the chief executive officer now owns 42,898 shares in the company, valued at $7,374,595.18. The disclosure for this sale can be found here. Insiders sold a total of 45,734 shares of company stock worth $7,830,189 over the last 90 days. Corporate insiders own 0.55% of the company’s stock.
NextEra Energy Company Profile
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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.
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