NextEra Energy, Inc. $NEE Shares Bought by Gilman Hill Asset Management LLC

Gilman Hill Asset Management LLC raised its stake in NextEra Energy, Inc. (NYSE:NEE) by 1,047.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 118,996 shares of the utilities provider’s stock after purchasing an additional 108,630 shares during the quarter. NextEra Energy accounts for 1.4% of Gilman Hill Asset Management LLC’s investment portfolio, making the stock its 17th biggest holding. Gilman Hill Asset Management LLC’s holdings in NextEra Energy were worth $8,983,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Norges Bank acquired a new position in NextEra Energy in the 2nd quarter valued at $2,375,545,000. Vanguard Group Inc. boosted its holdings in shares of NextEra Energy by 2.7% in the second quarter. Vanguard Group Inc. now owns 212,877,021 shares of the utilities provider’s stock valued at $14,777,923,000 after acquiring an additional 5,554,603 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of NextEra Energy by 1,765.3% during the third quarter. Assenagon Asset Management S.A. now owns 3,968,305 shares of the utilities provider’s stock worth $299,567,000 after acquiring an additional 3,755,563 shares during the period. Amundi raised its holdings in NextEra Energy by 27.8% during the first quarter. Amundi now owns 12,200,990 shares of the utilities provider’s stock worth $878,447,000 after purchasing an additional 2,657,438 shares in the last quarter. Finally, Schroder Investment Management Group raised its holdings in NextEra Energy by 18.7% during the second quarter. Schroder Investment Management Group now owns 10,796,329 shares of the utilities provider’s stock worth $749,481,000 after purchasing an additional 1,701,648 shares in the last quarter. Hedge funds and other institutional investors own 78.72% of the company’s stock.

NextEra Energy Stock Down 0.3%

NextEra Energy stock opened at $79.80 on Wednesday. NextEra Energy, Inc. has a fifty-two week low of $61.72 and a fifty-two week high of $87.53. The firm has a market capitalization of $166.19 billion, a price-to-earnings ratio of 25.41, a price-to-earnings-growth ratio of 2.69 and a beta of 0.74. The stock’s fifty day moving average is $83.25 and its two-hundred day moving average is $77.16. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.45 and a current ratio of 0.55.

NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.09. NextEra Energy had a return on equity of 12.42% and a net margin of 24.72%.The business had revenue of $7.97 billion during the quarter, compared to the consensus estimate of $8.13 billion. During the same quarter in the previous year, the company posted $1.03 EPS. The business’s revenue was up 5.3% on a year-over-year basis. Analysts predict that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 21st were given a $0.5665 dividend. The ex-dividend date was Friday, November 21st. This represents a $2.27 annualized dividend and a dividend yield of 2.8%. NextEra Energy’s dividend payout ratio is currently 71.97%.

Analysts Set New Price Targets

A number of brokerages have weighed in on NEE. Wells Fargo & Company raised NextEra Energy to a “strong-buy” rating in a report on Tuesday, October 28th. Wolfe Research increased their price objective on NextEra Energy from $87.00 to $94.00 and gave the stock an “outperform” rating in a research report on Monday, December 1st. Mizuho raised their target price on NextEra Energy from $78.00 to $88.00 and gave the company a “neutral” rating in a report on Monday, October 27th. Weiss Ratings restated a “buy (b-)” rating on shares of NextEra Energy in a research report on Monday. Finally, JPMorgan Chase & Co. increased their price target on shares of NextEra Energy from $94.00 to $97.00 and gave the company an “overweight” rating in a report on Thursday, December 11th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $91.56.

Insider Activity

In other news, EVP Mark Lemasney sold 846 shares of the firm’s stock in a transaction that occurred on Thursday, September 25th. The shares were sold at an average price of $74.90, for a total transaction of $63,365.40. Following the completion of the transaction, the executive vice president directly owned 9,267 shares of the company’s stock, valued at $694,098.30. This trade represents a 8.37% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Armando Pimentel, Jr. sold 145,140 shares of NextEra Energy stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $83.91, for a total value of $12,178,697.40. Following the transaction, the chief executive officer owned 162,693 shares of the company’s stock, valued at $13,651,569.63. This represents a 47.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 157,322 shares of company stock worth $13,148,943 over the last ninety days. 0.18% of the stock is currently owned by insiders.

NextEra Energy Profile

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.