Jacobi Capital Management LLC boosted its position in shares of NextEra Energy Inc (NYSE:NEE) by 310.8% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,880 shares of the utilities provider’s stock after acquiring an additional 2,179 shares during the quarter. Jacobi Capital Management LLC’s holdings in NextEra Energy were worth $426,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of NEE. BlackRock Inc. grew its holdings in NextEra Energy by 3,384.2% during the first 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 period. Janus Henderson Group PLC grew its holdings in NextEra Energy by 2,832.8% during the second 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 period. Vanguard Group Inc. grew its holdings in NextEra Energy by 4.6% during the second 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 period. Principal Financial Group Inc. grew its holdings in NextEra Energy by 122.5% during the second 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 period. Finally, BT Investment Management Ltd bought a new stake in NextEra Energy during the second quarter valued at about $96,214,000. Institutional investors own 75.63% of the company’s stock.
NextEra Energy Inc (NEE) traded down $1.50 during trading hours on Tuesday, hitting $155.97. The company had a trading volume of 1,400,900 shares, compared to its average volume of 1,683,221. The company has a quick ratio of 0.49, a current ratio of 0.61 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $74,073.52, a P/E ratio of 23.61, a P/E/G ratio of 3.14 and a beta of 0.31. NextEra Energy Inc has a 12 month low of $113.18 and a 12 month high of $159.28.
NextEra Energy (NYSE:NEE) last posted its earnings results on Thursday, October 26th. The utilities provider reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.08. The company had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.89 billion. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. The firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the previous year, the business earned $1.74 earnings per share. equities research analysts predict that NextEra Energy Inc will post 6.73 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be given a $0.9825 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $3.93 dividend on an annualized basis and a dividend yield of 2.52%. NextEra Energy’s dividend payout ratio is currently 44.16%.
Several analysts have issued reports on the company. Argus boosted their price target on NextEra Energy to $173.00 and gave the company a “buy” rating in a report on Tuesday. They noted that the move was a valuation call. Royal Bank Of Canada reissued a “buy” rating and set a $156.00 price target on shares of NextEra Energy in a report on Tuesday, November 7th. Bank of America assumed coverage on NextEra Energy in a report on Tuesday, October 24th. They set a “buy” rating and a $166.00 price target for the company. Zacks Investment Research lowered NextEra Energy from a “buy” rating to a “hold” rating in a report on Friday, October 13th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $155.00 price objective on shares of NextEra Energy in a research note on Thursday, October 12th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. NextEra Energy has an average rating of “Buy” and an average target price of $156.64.
In related news, EVP Joseph T. Kelliher sold 2,000 shares of the business’s stock in a transaction dated Wednesday, October 11th. The stock was sold at an average price of $150.00, for a total value of $300,000.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director James L. Robo sold 30,000 shares of the business’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $151.52, for a total value of $4,545,600.00. The disclosure for this sale can be found here. Insiders sold 65,385 shares of company stock worth $9,748,482 over the last quarter. 0.53% of the stock is owned by company insiders.
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NextEra Energy Profile
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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