Commonwealth Equity Services LLC grew its holdings in NextEra Energy Inc (NYSE:NEE) by 7.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 468,333 shares of the utilities provider’s stock after acquiring an additional 33,071 shares during the period. Commonwealth Equity Services LLC owned about 0.10% of NextEra Energy worth $78,492,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in NEE. QCI Asset Management Inc. NY grew its stake in shares of NextEra Energy by 6.7% during the third quarter. QCI Asset Management Inc. NY now owns 84,860 shares of the utilities provider’s stock valued at $14,222,000 after buying an additional 5,365 shares during the last quarter. Gerber Kawasaki Wealth & Investment Management grew its stake in shares of NextEra Energy by 103.0% during the third quarter. Gerber Kawasaki Wealth & Investment Management now owns 29,716 shares of the utilities provider’s stock valued at $4,962,000 after buying an additional 15,081 shares during the last quarter. Unigestion Holding SA grew its stake in shares of NextEra Energy by 93.6% during the third quarter. Unigestion Holding SA now owns 310,233 shares of the utilities provider’s stock valued at $51,994,000 after buying an additional 150,016 shares during the last quarter. Park Avenue Securities LLC grew its stake in shares of NextEra Energy by 9.7% during the third quarter. Park Avenue Securities LLC now owns 4,082 shares of the utilities provider’s stock valued at $682,000 after buying an additional 360 shares during the last quarter. Finally, Penserra Capital Management LLC bought a new position in shares of NextEra Energy during the third quarter valued at approximately $1,737,000. Institutional investors and hedge funds own 75.46% of the company’s stock.
Shares of NYSE:NEE opened at $176.56 on Friday. NextEra Energy Inc has a 52-week low of $145.10 and a 52-week high of $177.04. The company has a market capitalization of $82.94 billion, a P/E ratio of 26.35, a PEG ratio of 2.67 and a beta of 0.13. The company has a current ratio of 0.65, a quick ratio of 0.57 and a debt-to-equity ratio of 0.72.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Tuesday, October 23rd. The utilities provider reported $2.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.03. NextEra Energy had a return on equity of 10.21% and a net margin of 51.25%. The company had revenue of $4.42 billion for the quarter, compared to analysts’ expectations of $4.92 billion. During the same quarter in the prior year, the firm earned $1.85 earnings per share. NextEra Energy’s revenue was down 8.1% compared to the same quarter last year. As a group, equities research analysts predict that NextEra Energy Inc will post 7.76 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Friday, November 30th will be paid a $1.11 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $4.44 annualized dividend and a yield of 2.51%. NextEra Energy’s dividend payout ratio (DPR) is currently 66.27%.
NEE has been the topic of a number of analyst reports. KeyCorp upped their target price on NextEra Energy from $168.00 to $178.00 and gave the company an “overweight” rating in a research note on Thursday, July 19th. Credit Suisse Group cut their target price on NextEra Energy from $185.00 to $173.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 24th. Zacks Investment Research cut NextEra Energy from a “buy” rating to a “hold” rating in a research note on Thursday, August 9th. Mizuho initiated coverage on NextEra Energy in a research note on Monday, August 13th. They set a “buy” rating and a $184.00 target price on the stock. Finally, Scotiabank initiated coverage on NextEra Energy in a research note on Tuesday, July 24th. They set a “hold” rating and a $70.00 target price on the stock. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. NextEra Energy currently has a consensus rating of “Buy” and a consensus price target of $174.62.
In other NextEra Energy news, CEO Eric E. Silagy sold 17,000 shares of the company’s stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $171.91, for a total transaction of $2,922,470.00. Following the completion of the sale, the chief executive officer now owns 42,898 shares in the company, valued at $7,374,595.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director James L. Robo sold 18,000 shares of the company’s stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $170.69, for a total value of $3,072,420.00. The disclosure for this sale can be found here. In the last three months, insiders sold 68,210 shares of company stock worth $11,744,017. 0.55% of the stock is owned by insiders.
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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, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.
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