AlphaCrest Capital Management LLC grew its stake in shares of NextEra Energy Inc (NYSE:NEE) by 91.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,402 shares of the utilities provider’s stock after buying an additional 5,433 shares during the quarter. AlphaCrest Capital Management LLC’s holdings in NextEra Energy were worth $2,204,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Vanguard Group Inc lifted its holdings in shares of NextEra Energy by 2.0% during the third quarter. Vanguard Group Inc now owns 41,214,999 shares of the utilities provider’s stock valued at $6,907,634,000 after purchasing an additional 815,916 shares during the last quarter. BlackRock Inc. raised its holdings in NextEra Energy by 2.4% in the 4th quarter. BlackRock Inc. now owns 37,651,697 shares of the utilities provider’s stock worth $6,544,616,000 after acquiring an additional 886,301 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in NextEra Energy by 17,067.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 8,822,408 shares of the utilities provider’s stock worth $51,000 after acquiring an additional 8,771,018 shares during the last quarter. Norges Bank purchased a new position in NextEra Energy in the 4th quarter worth approximately $1,172,014,000. Finally, Northern Trust Corp raised its holdings in NextEra Energy by 4.2% in the 4th quarter. Northern Trust Corp now owns 6,679,055 shares of the utilities provider’s stock worth $1,160,953,000 after acquiring an additional 270,346 shares during the last quarter. 75.90% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:NEE opened at $204.55 on Thursday. The company has a quick ratio of 0.38, a current ratio of 0.46 and a debt-to-equity ratio of 0.79. NextEra Energy Inc has a 12 month low of $156.23 and a 12 month high of $208.47. The company has a market capitalization of $97.44 billion, a price-to-earnings ratio of 26.56, a P/E/G ratio of 3.10 and a beta of 0.26.
NextEra Energy (NYSE:NEE) last posted its earnings results on Tuesday, April 23rd. The utilities provider reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $2.01 by $0.19. NextEra Energy had a net margin of 17.13% and a return on equity of 10.26%. The business had revenue of $4.08 billion during the quarter, compared to the consensus estimate of $4.11 billion. During the same quarter in the previous year, the firm posted $1.94 EPS. On average, sell-side analysts forecast that NextEra Energy Inc will post 8.35 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date is Friday, May 31st. NextEra Energy’s dividend payout ratio (DPR) is presently 64.94%.
In other NextEra Energy news, Director James L. Robo sold 15,000 shares of NextEra Energy stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $204.86, for a total value of $3,072,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Charles E. Sieving sold 16,446 shares of NextEra Energy stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $200.08, for a total transaction of $3,290,515.68. Following the completion of the sale, the executive vice president now directly owns 67,900 shares of the company’s stock, valued at approximately $13,585,432. The disclosure for this sale can be found here. In the last ninety days, insiders sold 198,339 shares of company stock valued at $38,475,406. 0.48% of the stock is currently owned by insiders.
A number of equities analysts recently weighed in on NEE shares. Zacks Investment Research lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Friday, March 29th. Morgan Stanley boosted their price objective on shares of NextEra Energy from $193.00 to $194.00 and gave the stock an “overweight” rating in a report on Thursday, May 16th. Goldman Sachs Group lowered shares of NextEra Energy from a “conviction-buy” rating to a “buy” rating and set a $194.00 price objective for the company. in a report on Monday, April 8th. Credit Suisse Group set a $199.00 price objective on shares of NextEra Energy and gave the stock a “buy” rating in a report on Monday, April 22nd. Finally, Scotiabank upgraded shares of NextEra Energy from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from $187.00 to $202.00 in a report on Wednesday, May 8th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. NextEra Energy presently has an average rating of “Buy” and a consensus price target of $203.46.
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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