Epoch Investment Partners Inc. lifted its position in shares of NextEra Energy Inc (NYSE:NEE) by 2.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,266,289 shares of the utilities provider’s stock after purchasing an additional 34,799 shares during the quarter. Epoch Investment Partners Inc. owned about 0.27% of NextEra Energy worth $185,575,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in NextEra Energy by 0.6% in the second quarter. BlackRock Inc. now owns 38,051,440 shares of the utilities provider’s stock worth $5,332,149,000 after buying an additional 217,972 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of NextEra Energy by 4.6% in the second quarter. Vanguard Group Inc. now owns 34,147,719 shares of the utilities provider’s stock worth $4,785,120,000 after acquiring an additional 1,503,907 shares during the period. FMR LLC boosted its stake in shares of NextEra Energy by 1.1% in the second quarter. FMR LLC now owns 7,767,929 shares of the utilities provider’s stock worth $1,088,520,000 after acquiring an additional 87,224 shares during the period. Geode Capital Management LLC boosted its stake in shares of NextEra Energy by 7.9% in the first quarter. Geode Capital Management LLC now owns 4,578,611 shares of the utilities provider’s stock worth $586,925,000 after acquiring an additional 336,562 shares during the period. Finally, Legal & General Group Plc boosted its stake in shares of NextEra Energy by 2.8% in the third quarter. Legal & General Group Plc now owns 2,772,914 shares of the utilities provider’s stock worth $406,375,000 after acquiring an additional 76,379 shares during the period. 75.39% of the stock is currently owned by institutional investors and hedge funds.
In other news, CEO Armando Pimentel, Jr. sold 42,372 shares of the firm’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $157.45, for a total value of $6,671,471.40. Following the completion of the sale, the chief executive officer now owns 121,958 shares of the company’s stock, valued at approximately $19,202,287.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James L. Robo sold 30,000 shares of the firm’s stock in a transaction on 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. 0.53% of the stock is owned by company insiders.
NextEra Energy Inc (NEE) traded down $0.18 on Friday, reaching $150.32. The company’s stock had a trading volume of 1,596,577 shares, compared to its average volume of 1,900,000. The stock has a market cap of $70,710.00, a P/E ratio of 16.89, a P/E/G ratio of 2.78 and a beta of 0.31. NextEra Energy Inc has a one year low of $117.88 and a one year high of $159.40. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.61 and a quick ratio of 0.49.
NextEra Energy (NYSE:NEE) last announced its earnings results on Thursday, October 26th. The utilities provider reported $1.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.08. The business had revenue of $4.81 billion for the quarter, compared to analysts’ expectations of $4.89 billion. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. The business’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter last year, the firm earned $1.74 EPS. equities analysts anticipate that NextEra Energy Inc will post 6.73 EPS for the current year.
A number of research firms have recently weighed in on NEE. Zacks Investment Research raised NextEra Energy from a “hold” rating to a “buy” rating and set a $169.00 price objective for the company in a research note on Friday. Guggenheim reissued a “buy” rating and set a $177.00 price target on shares of NextEra Energy in a research note on Wednesday, January 3rd. Morgan Stanley increased their price target on NextEra Energy from $173.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, December 13th. Credit Suisse Group started coverage on NextEra Energy in a research note on Thursday, December 7th. They set an “outperform” rating and a $173.00 price target for the company. Finally, Argus reissued a “buy” rating and set a $173.00 price target on shares of NextEra Energy in a research note on Tuesday, December 5th. They noted that the move was a valuation call. Two research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. NextEra Energy currently has a consensus rating of “Buy” and an average price target of $159.56.
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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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