Daiwa Securities Group Inc. grew its holdings in NextEra Energy Inc (NYSE:NEE) by 80.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,827 shares of the utilities provider’s stock after purchasing an additional 22,232 shares during the quarter. Daiwa Securities Group Inc.’s holdings in NextEra Energy were worth $11,608,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. UBS Asset Management Americas Inc. lifted its stake in shares of NextEra Energy by 41.5% during the second quarter. UBS Asset Management Americas Inc. now owns 2,524,371 shares of the utilities provider’s stock valued at $517,143,000 after buying an additional 740,059 shares during the period. Railway Pension Investments Ltd purchased a new position in shares of NextEra Energy during the second quarter valued at approximately $13,001,000. Vanguard Group Inc. lifted its stake in shares of NextEra Energy by 1.3% during the second quarter. Vanguard Group Inc. now owns 43,282,619 shares of the utilities provider’s stock valued at $8,866,878,000 after buying an additional 573,923 shares during the period. California Public Employees Retirement System lifted its stake in shares of NextEra Energy by 19.1% during the second quarter. California Public Employees Retirement System now owns 3,437,222 shares of the utilities provider’s stock valued at $704,149,000 after buying an additional 550,956 shares during the period. Finally, Thoroughbred Financial Services LLC lifted its stake in shares of NextEra Energy by 20,386.0% during the second quarter. Thoroughbred Financial Services LLC now owns 435,942 shares of the utilities provider’s stock valued at $43,594,000 after buying an additional 433,814 shares during the period. Institutional investors and hedge funds own 74.53% of the company’s stock.
In other news, CEO James L. Robo sold 44,537 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $216.85, for a total value of $9,657,848.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Charles E. Sieving sold 4,987 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $222.52, for a total transaction of $1,109,707.24. Following the completion of the sale, the executive vice president now directly owns 46,467 shares of the company’s stock, valued at approximately $10,339,836.84. The disclosure for this sale can be found here. Insiders sold 97,576 shares of company stock valued at $21,514,886 in the last three months. Company insiders own 0.48% of the company’s stock.
NEE has been the topic of several recent analyst reports. ValuEngine downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Credit Suisse Group upped their price objective on shares of NextEra Energy from $231.00 to $232.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Wells Fargo & Co increased their price target on shares of NextEra Energy from $240.00 to $260.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 23rd. UBS Group increased their price target on shares of NextEra Energy from $240.00 to $250.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Finally, Guggenheim increased their price target on shares of NextEra Energy from $230.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $231.67.
NYSE:NEE traded down $1.01 during trading hours on Friday, reaching $222.08. 112,407 shares of the company were exchanged, compared to its average volume of 1,928,077. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.58 and a quick ratio of 0.47. The firm has a market cap of $111.01 billion, a price-to-earnings ratio of 28.84, a PEG ratio of 3.40 and a beta of 0.17. NextEra Energy Inc has a 52-week low of $164.78 and a 52-week high of $239.89. The stock has a 50 day simple moving average of $231.40 and a 200 day simple moving average of $213.24.
NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Tuesday, October 22nd. The utilities provider reported $2.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.12. NextEra Energy had a net margin of 16.92% and a return on equity of 10.59%. The company had revenue of $5.57 billion during the quarter, compared to analyst estimates of $5.14 billion. During the same quarter in the prior year, the business earned $2.18 earnings per share. The business’s quarterly revenue was up 26.1% compared to the same quarter last year. On average, analysts predict that NextEra Energy Inc will post 8.36 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 29th will be given a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.25%. The ex-dividend date is Wednesday, November 27th. NextEra Energy’s payout ratio is currently 64.94%.
NextEra Energy 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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