Standard Life Aberdeen plc grew its position in NextEra Energy Inc (NYSE:NEE) by 104.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,666,351 shares of the utilities provider’s stock after purchasing an additional 852,434 shares during the quarter. Standard Life Aberdeen plc owned about 0.35% of NextEra Energy worth $260,326,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NEE. Achmea Investment Management B.V. grew its holdings in shares of NextEra Energy by 61.5% during the third quarter. Achmea Investment Management B.V. now owns 52,613 shares of the utilities provider’s stock valued at $7,708,000 after buying an additional 20,028 shares during the last quarter. Almanack Investment Partners LLC. grew its holdings in shares of NextEra Energy by 64.6% during the second quarter. Almanack Investment Partners LLC. now owns 2,163 shares of the utilities provider’s stock valued at $303,000 after buying an additional 849 shares during the last quarter. AXA grew its holdings in shares of NextEra Energy by 5.2% during the third quarter. AXA now owns 383,033 shares of the utilities provider’s stock valued at $56,133,000 after buying an additional 19,060 shares during the last quarter. Colony Group LLC grew its holdings in shares of NextEra Energy by 806.4% during the second quarter. Colony Group LLC now owns 15,517 shares of the utilities provider’s stock valued at $2,174,000 after buying an additional 13,805 shares during the last quarter. Finally, South Dakota Investment Council purchased a new stake in shares of NextEra Energy during the third quarter valued at $2,535,000. 75.50% of the stock is currently owned by institutional investors and hedge funds.
A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $178.00 price objective on the stock in a report on Tuesday, December 12th. Credit Suisse Group assumed coverage on shares of NextEra Energy in a report on Thursday, December 7th. They set an “outperform” rating and a $173.00 price objective on the stock. Guggenheim reissued a “buy” rating and set a $182.00 price objective on shares of NextEra Energy in a report on Friday, January 26th. Morgan Stanley boosted their price objective on shares of NextEra Energy from $173.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, December 13th. Finally, UBS Group assumed coverage on shares of NextEra Energy in a report on Friday, February 2nd. They set a “buy” rating and a $177.00 price objective on the stock. Two analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $161.56.
In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 9,250 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $151.83, for a total value of $1,404,427.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Armando Pimentel, Jr. sold 42,372 shares of the company’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $157.45, for a total transaction of $6,671,471.40. Following the completion of the transaction, the chief executive officer now owns 121,958 shares of the company’s stock, valued at approximately $19,202,287.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 54,466 shares of company stock valued at $8,515,780. Insiders own 0.53% of the company’s stock.
NextEra Energy Inc (NYSE:NEE) opened at $152.15 on Thursday. The stock has a market cap of $72,412.82, a price-to-earnings ratio of 13.32, a P/E/G ratio of 2.52 and a beta of 0.28. NextEra Energy Inc has a 1 year low of $127.09 and a 1 year high of $159.64. The company has a current ratio of 0.64, a quick ratio of 0.52 and a debt-to-equity ratio of 1.07.
NextEra Energy (NYSE:NEE) last posted its earnings results on Friday, January 26th. The utilities provider reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.06). The business had revenue of $4.01 billion for the quarter, compared to analyst estimates of $4.18 billion. NextEra Energy had a net margin of 31.28% and a return on equity of 11.50%. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.21 earnings per share. equities analysts anticipate that NextEra Energy Inc will post 7.73 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Tuesday, February 27th will be given a dividend of $1.11 per share. The ex-dividend date is Monday, February 26th. This is an increase from NextEra Energy’s previous quarterly dividend of $0.98. This represents a $4.44 dividend on an annualized basis and a yield of 2.92%. NextEra Energy’s payout ratio is currently 34.50%.
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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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