Unigestion Holding SA boosted its holdings in shares of NextEra Energy Inc (NYSE:NEE) by 31.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 224,611 shares of the utilities provider’s stock after acquiring an additional 53,722 shares during the quarter. NextEra Energy makes up approximately 1.4% of Unigestion Holding SA’s portfolio, making the stock its 22nd largest holding. Unigestion Holding SA’s holdings in NextEra Energy were worth $52,331,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of NEE. UBS Asset Management Americas Inc. raised its position in 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 acquiring an additional 740,059 shares in the last quarter. Railway Pension Investments Ltd bought a new position in shares of NextEra Energy in the second quarter valued at approximately $13,001,000. Vanguard Group Inc. raised its position in shares of NextEra Energy by 1.3% in 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 purchasing an additional 573,923 shares during the period. California Public Employees Retirement System raised its position in shares of NextEra Energy by 19.1% in 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 purchasing an additional 550,956 shares during the period. Finally, Thoroughbred Financial Services LLC raised its position in shares of NextEra Energy by 20,386.0% in the second quarter. Thoroughbred Financial Services LLC now owns 435,942 shares of the utilities provider’s stock valued at $43,594,000 after purchasing an additional 433,814 shares during the period. 74.53% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director Rudy E. Schupp sold 1,600 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $231.32, for a total transaction of $370,112.00. Following the transaction, the director now owns 16,237 shares of the company’s stock, valued at $3,755,942.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO James L. Robo sold 44,537 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $216.85, for a total transaction of $9,657,848.45. The disclosure for this sale can be found here. Insiders have sold 97,576 shares of company stock worth $21,514,886 in the last ninety days. 0.48% of the stock is currently owned by insiders.
A number of research firms have recently commented on NEE. Wells Fargo & Co lifted their price target on shares of NextEra Energy from $240.00 to $260.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Morgan Stanley lifted their price target on shares of NextEra Energy from $241.00 to $242.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Barclays lowered shares of NextEra Energy from an “overweight” rating to an “equal weight” rating and set a $218.00 price target on the stock. in a research report on Tuesday, August 13th. KeyCorp lifted their price target on shares of NextEra Energy from $231.00 to $242.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Finally, Guggenheim lifted their price target on shares of NextEra Energy from $230.00 to $250.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Three research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $231.67.
NEE stock traded down $1.01 on Friday, reaching $222.08. 1,605,368 shares of the company were exchanged, compared to its average volume of 1,974,897. NextEra Energy Inc has a 12 month low of $164.78 and a 12 month high of $239.89. The stock’s fifty day moving average price is $231.40 and its 200 day moving average price is $213.24. The firm has a market capitalization of $111.01 billion, a PE ratio of 28.84, a PEG ratio of 3.40 and a beta of 0.17. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.58 and a quick ratio of 0.47.
NextEra Energy (NYSE:NEE) last announced its earnings results on Tuesday, October 22nd. The utilities provider reported $2.39 earnings per share (EPS) for the quarter, topping the Zacks’ 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 business had revenue of $5.57 billion for the quarter, compared to analyst estimates of $5.14 billion. During the same quarter in the previous year, the firm posted $2.18 earnings per share. NextEra Energy’s revenue was up 26.1% compared to the same quarter last year. As a group, research analysts expect that NextEra Energy Inc will post 8.36 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend is Wednesday, November 27th. NextEra Energy’s dividend payout ratio (DPR) is currently 64.94%.
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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