GW&K Investment Management LLC Sells 5,999 Shares of NextEra Energy Inc (NYSE:NEE)

GW&K Investment Management LLC cut its holdings in NextEra Energy Inc (NYSE:NEE) by 1.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 302,171 shares of the utilities provider’s stock after selling 5,999 shares during the period. NextEra Energy makes up approximately 1.0% of GW&K Investment Management LLC’s investment portfolio, making the stock its 12th largest position. GW&K Investment Management LLC owned about 0.06% of NextEra Energy worth $70,403,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in NEE. Envestnet Asset Management Inc. grew its stake in NextEra Energy by 5.6% during the second quarter. Envestnet Asset Management Inc. now owns 356,876 shares of the utilities provider’s stock worth $73,110,000 after buying an additional 18,979 shares in the last quarter. Atlantic Trust LLC boosted its stake in shares of NextEra Energy by 9.8% in the 2nd quarter. Atlantic Trust LLC now owns 12,572 shares of the utilities provider’s stock valued at $2,576,000 after purchasing an additional 1,123 shares in the last quarter. LS Investment Advisors LLC boosted its stake in shares of NextEra Energy by 0.3% in the 3rd quarter. LS Investment Advisors LLC now owns 19,041 shares of the utilities provider’s stock valued at $4,436,000 after purchasing an additional 49 shares in the last quarter. Evercore Wealth Management LLC boosted its stake in shares of NextEra Energy by 8.3% in the 2nd quarter. Evercore Wealth Management LLC now owns 17,361 shares of the utilities provider’s stock valued at $3,557,000 after purchasing an additional 1,327 shares in the last quarter. Finally, Mirova boosted its stake in shares of NextEra Energy by 1,657.8% in the 2nd quarter. Mirova now owns 144,407 shares of the utilities provider’s stock valued at $29,583,000 after purchasing an additional 136,192 shares in the last quarter. Institutional investors and hedge funds own 74.53% of the company’s stock.

A number of research firms have recently weighed in on NEE. JPMorgan Chase & Co. raised their price target on shares of NextEra Energy from $214.00 to $252.00 and gave the company an “overweight” rating in a research note on Monday, October 14th. Wells Fargo & Co raised their price target on shares of NextEra Energy from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. ValuEngine downgraded shares of NextEra Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. KeyCorp raised their price target on shares of NextEra Energy from $231.00 to $242.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Finally, UBS Group raised their price objective on shares of NextEra Energy from $240.00 to $250.00 and gave the company a “buy” rating in a report on Friday, September 6th. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. NextEra Energy presently has an average rating of “Buy” and an average price target of $231.67.

In other news, Director Rudy E. Schupp sold 1,600 shares of NextEra Energy stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $231.32, for a total transaction of $370,112.00. Following the sale, the director now directly owns 16,237 shares in the company, valued at approximately $3,755,942.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Treasurer Paul I. Cutler sold 23,750 shares of NextEra Energy stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $223.59, for a total value of $5,310,262.50. Following the sale, the treasurer now owns 93,462 shares in the company, valued at $20,897,168.58. The disclosure for this sale can be found here. Insiders have sold a total of 97,576 shares of company stock worth $21,514,886 over the last ninety days. Insiders own 0.48% of the company’s stock.

NEE traded down $1.01 during mid-day trading on Friday, reaching $222.08. 1,583,945 shares of the stock were exchanged, compared to its average volume of 1,974,897. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.47 and a current ratio of 0.58. The stock has a market capitalization of $111.01 billion, a PE ratio of 28.84, a price-to-earnings-growth ratio of 3.40 and a beta of 0.17. The company has a 50 day moving average price of $231.32 and a two-hundred day moving average price of $213.40. NextEra Energy Inc has a 1 year low of $164.78 and a 1 year high of $239.89.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data 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. The firm had revenue of $5.57 billion for the quarter, compared to the consensus estimate of $5.14 billion. NextEra Energy had a net margin of 16.92% and a return on equity of 10.59%. The business’s revenue for the quarter was up 26.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.18 EPS. Sell-side analysts expect that NextEra Energy Inc will post 8.36 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be issued 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 is 64.94%.

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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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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