Putnam FL Investment Management Co. Purchases New Position in NextEra Energy Inc (NEE)

Putnam FL Investment Management Co. purchased a new stake in NextEra Energy Inc (NYSE:NEE) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 87,746 shares of the utilities provider’s stock, valued at approximately $12,859,000. NextEra Energy comprises 1.2% of Putnam FL Investment Management Co.’s holdings, making the stock its 28th largest holding.

A number of other hedge funds have also modified their holdings of the business. Blue Chip Partners Inc. increased its stake in NextEra Energy by 9.4% in the 3rd quarter. Blue Chip Partners Inc. now owns 17,061 shares of the utilities provider’s stock valued at $2,500,000 after buying an additional 1,460 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of NextEra Energy by 8.6% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 41,130 shares of the utilities provider’s stock worth $6,028,000 after purchasing an additional 3,271 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of NextEra Energy by 11.5% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,526,566 shares of the utilities provider’s stock worth $223,718,000 after purchasing an additional 156,966 shares during the last quarter. Signature Estate & Investment Advisors LLC increased its stake in shares of NextEra Energy by 15.8% during the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 13,815 shares of the utilities provider’s stock worth $2,025,000 after purchasing an additional 1,889 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale increased its stake in shares of NextEra Energy by 1.0% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 808,269 shares of the utilities provider’s stock worth $121,497,000 after purchasing an additional 8,042 shares during the last quarter. Hedge funds and other institutional investors own 75.63% of the company’s stock.

Shares of NextEra Energy Inc (NEE) traded up $0.85 during mid-day trading on Monday, hitting $159.03. 1,311,900 shares of the company traded hands, compared to its average volume of 1,682,028. The company has a market cap of $74,807.33, a P/E ratio of 23.84, a price-to-earnings-growth ratio of 3.17 and a beta of 0.31. The company has a quick ratio of 0.49, a current ratio of 0.61 and a debt-to-equity ratio of 1.11. NextEra Energy Inc has a 1-year low of $114.85 and a 1-year high of $159.28.

NextEra Energy (NYSE:NEE) last announced its earnings results on Thursday, October 26th. The utilities provider reported $1.85 EPS for the quarter, topping the consensus estimate of $1.77 by $0.08. The business had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.89 billion. NextEra Energy had a net margin of 24.81% and a return on equity of 11.86%. NextEra Energy’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.74 EPS. equities research analysts anticipate that NextEra Energy Inc will post 6.73 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be issued a dividend of $0.9825 per share. This represents a $3.93 annualized dividend and a dividend yield of 2.47%. The ex-dividend date is Wednesday, November 22nd. NextEra Energy’s payout ratio is 44.16%.

Several research analysts have recently weighed in on NEE shares. KeyCorp restated a “buy” rating and set a $155.00 price objective on shares of NextEra Energy in a research note on Thursday, October 12th. Zacks Investment Research upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $165.00 price objective on the stock in a research note on Tuesday, October 10th. Argus restated a “buy” rating and set a $173.00 price objective on shares of NextEra Energy in a research note on Tuesday, December 5th. They noted that the move was a valuation call. Royal Bank Of Canada restated a “buy” rating and set a $156.00 price objective on shares of NextEra Energy in a research note on Tuesday, November 7th. Finally, Bank of America started coverage on shares of NextEra Energy in a research note on Tuesday, October 24th. They set a “buy” rating and a $166.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. NextEra Energy presently has a consensus rating of “Buy” and a consensus target price of $157.73.

In other NextEra Energy news, EVP Charles E. Sieving sold 30,485 shares of the business’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $146.56, for a total value of $4,467,881.60. Following the completion of the sale, the executive vice president now owns 78,167 shares of the company’s stock, valued at approximately $11,456,155.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John W. Ketchum sold 2,900 shares of the business’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $150.00, for a total transaction of $435,000.00. Following the completion of the sale, the executive vice president now directly owns 18,786 shares of the company’s stock, valued at approximately $2,817,900. The disclosure for this sale can be found here. Insiders have sold a total of 107,757 shares of company stock valued at $16,419,953 in the last ninety days. 0.53% of the stock is currently owned by insiders.

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NextEra Energy Company 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.

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

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