Park National Corp OH decreased its holdings in shares of NextEra Energy, Inc. (NYSE:NEE) by 24.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,231 shares of the utilities provider’s stock after selling 5,128 shares during the period. Park National Corp OH’s holdings in NextEra Energy were worth $2,378,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in NEE. BlackRock Inc. raised its position in NextEra Energy by 3,384.2% during the 1st quarter. BlackRock Inc. now owns 37,833,468 shares of the utilities provider’s stock valued at $4,856,682,000 after purchasing an additional 36,747,599 shares during the last quarter. Janus Henderson Group PLC raised its position in NextEra Energy by 2,832.8% during the 2nd quarter. Janus Henderson Group PLC now owns 1,800,376 shares of the utilities provider’s stock valued at $252,287,000 after purchasing an additional 1,738,989 shares during the last quarter. Vanguard Group Inc. raised its position in NextEra Energy by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 34,147,719 shares of the utilities provider’s stock valued at $4,785,120,000 after purchasing an additional 1,503,907 shares during the last quarter. Principal Financial Group Inc. raised its position in NextEra Energy by 122.5% during the 2nd quarter. Principal Financial Group Inc. now owns 1,479,209 shares of the utilities provider’s stock valued at $207,281,000 after purchasing an additional 814,478 shares during the last quarter. Finally, BT Investment Management Ltd bought a new position in NextEra Energy during the 2nd quarter valued at approximately $96,214,000. 74.55% of the stock is owned by institutional investors and hedge funds.
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A number of research firms have commented on NEE. BidaskClub raised NextEra Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Morgan Stanley increased their target price on NextEra Energy from $163.00 to $167.00 and gave the stock an “overweight” rating in a research report on Thursday, August 10th. Royal Bank Of Canada reissued a “buy” rating and issued a $156.00 target price on shares of NextEra Energy in a research report on Tuesday, November 7th. Zacks Investment Research lowered NextEra Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Finally, J P Morgan Chase & Co set a $169.00 target price on NextEra Energy and gave the stock a “hold” rating in a research report on Thursday, October 12th. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. NextEra Energy has an average rating of “Buy” and a consensus price target of $155.38.
In other news, EVP Charles E. Sieving sold 30,485 shares of the firm’s stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $146.56, for a total value of $4,467,881.60. Following the transaction, the executive vice president now directly owns 78,167 shares in the company, valued at approximately $11,456,155.52. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP John W. Ketchum sold 2,900 shares of the firm’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $150.00, for a total value of $435,000.00. Following the completion of the transaction, the executive vice president now owns 18,786 shares in the company, valued at $2,817,900. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 65,385 shares of company stock worth $9,748,482. Company insiders own 0.53% of the company’s stock.
Shares of NextEra Energy, Inc. (NEE) opened at $156.04 on Monday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.49 and a current ratio of 0.61. NextEra Energy, Inc. has a 52 week low of $112.63 and a 52 week high of $159.28. The company has a market capitalization of $73,400.84, a price-to-earnings ratio of 23.39, a price-to-earnings-growth ratio of 3.10 and a beta of 0.31.
NextEra Energy (NYSE:NEE) last issued its earnings results on Thursday, October 26th. The utilities provider reported $1.85 EPS for the quarter, beating the consensus estimate of $1.77 by $0.08. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. The business had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.89 billion. During the same period last year, the business posted $1.74 EPS. The company’s revenue was up .1% compared to the same quarter last year. equities research analysts anticipate that NextEra Energy, Inc. will post 6.73 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be paid a dividend of $0.9825 per share. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $3.93 annualized dividend and a yield of 2.52%. NextEra Energy’s dividend payout ratio is 44.16%.
About NextEra Energy
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.
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