Vantage Investment Advisors LLC cut its stake in shares of NextEra Energy Inc (NYSE:NEE) by 45.6% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 1,377 shares of the utilities provider’s stock after selling 1,152 shares during the period. Vantage Investment Advisors LLC’s holdings in NextEra Energy were worth $225,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its position in NextEra Energy by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 4,869,190 shares of the utilities provider’s stock worth $758,889,000 after acquiring an additional 73,790 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in NextEra Energy by 6.5% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,968,016 shares of the utilities provider’s stock worth $619,764,000 after acquiring an additional 243,649 shares in the last quarter. Bank of New York Mellon Corp lifted its position in NextEra Energy by 1.1% during the 4th quarter. Bank of New York Mellon Corp now owns 3,907,505 shares of the utilities provider’s stock worth $610,314,000 after acquiring an additional 41,226 shares in the last quarter. Alliancebernstein L.P. lifted its position in NextEra Energy by 1.0% during the 4th quarter. Alliancebernstein L.P. now owns 2,664,040 shares of the utilities provider’s stock worth $416,096,000 after acquiring an additional 26,147 shares in the last quarter. Finally, Eaton Vance Management lifted its position in NextEra Energy by 3.6% during the 4th quarter. Eaton Vance Management now owns 2,222,593 shares of the utilities provider’s stock worth $347,147,000 after acquiring an additional 77,806 shares in the last quarter. 75.98% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director James L. Robo sold 81,489 shares of the business’s stock in a transaction that occurred on Thursday, May 17th. The stock was sold at an average price of $156.81, for a total value of $12,778,290.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Eric E. Silagy sold 11,114 shares of the business’s stock in a transaction that occurred on Monday, May 14th. The shares were sold at an average price of $160.82, for a total value of $1,787,353.48. Following the completion of the sale, the director now owns 25,898 shares of the company’s stock, valued at $4,164,916.36. The disclosure for this sale can be found here. Insiders sold a total of 142,754 shares of company stock valued at $22,504,957 over the last quarter. Company insiders own 0.55% of the company’s stock.
Shares of NextEra Energy opened at $162.42 on Friday, according to MarketBeat.com. NextEra Energy Inc has a 52-week low of $138.00 and a 52-week high of $165.15. The company has a market capitalization of $75.89 billion, a price-to-earnings ratio of 23.36, a price-to-earnings-growth ratio of 2.42 and a beta of 0.23. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.78.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Tuesday, April 24th. The utilities provider reported $1.94 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.78 by $0.16. NextEra Energy had a return on equity of 10.91% and a net margin of 48.13%. The business had revenue of $3.86 billion during the quarter, compared to the consensus estimate of $4.15 billion. During the same period in the previous year, the business earned $1.75 EPS. The business’s quarterly revenue was down 2.7% on a year-over-year basis. sell-side analysts expect that NextEra Energy Inc will post 7.73 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Tuesday, June 5th will be issued a $1.11 dividend. The ex-dividend date of this dividend is Monday, June 4th. This represents a $4.44 dividend on an annualized basis and a dividend yield of 2.73%. NextEra Energy’s dividend payout ratio (DPR) is 66.27%.
NEE has been the topic of several recent research reports. JPMorgan Chase & Co. boosted their price target on NextEra Energy from $167.00 to $170.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 10th. Zacks Investment Research raised NextEra Energy from a “hold” rating to a “buy” rating and set a $182.00 price target on the stock in a research report on Wednesday, April 4th. Morgan Stanley cut their target price on NextEra Energy from $170.00 to $168.00 and set an “overweight” rating on the stock in a research report on Thursday, March 8th. Guggenheim reaffirmed a “buy” rating and issued a $182.00 target price on shares of NextEra Energy in a research report on Friday, January 26th. Finally, ValuEngine raised NextEra Energy from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $168.92.
About NextEra Energy
NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.
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