NextEra Energy Inc (NEE) Holdings Raised by Boston Family Office LLC

Boston Family Office LLC raised its position in shares of NextEra Energy Inc (NYSE:NEE) by 0.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,107 shares of the utilities provider’s stock after acquiring an additional 370 shares during the period. Boston Family Office LLC’s holdings in NextEra Energy were worth $8,063,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in NEE. Bank of New York Mellon Corp boosted its holdings in NextEra Energy by 12.2% during the second quarter. Bank of New York Mellon Corp now owns 4,180,979 shares of the utilities provider’s stock valued at $698,348,000 after acquiring an additional 455,401 shares during the period. Cornerstone Wealth Management LLC raised its position in shares of NextEra Energy by 16,614.8% during the second quarter. Cornerstone Wealth Management LLC now owns 379,593 shares of the utilities provider’s stock valued at $2,246,000 after buying an additional 377,322 shares during the last quarter. Standard Life Aberdeen plc raised its position in shares of NextEra Energy by 18.9% during the second quarter. Standard Life Aberdeen plc now owns 2,067,406 shares of the utilities provider’s stock valued at $345,352,000 after buying an additional 329,056 shares during the last quarter. KAMES CAPITAL plc raised its position in shares of NextEra Energy by 94.0% during the third quarter. KAMES CAPITAL plc now owns 652,681 shares of the utilities provider’s stock valued at $109,383,000 after buying an additional 316,174 shares during the last quarter. Finally, California Public Employees Retirement System raised its position in shares of NextEra Energy by 25.3% during the second quarter. California Public Employees Retirement System now owns 1,398,467 shares of the utilities provider’s stock valued at $233,586,000 after buying an additional 282,633 shares during the last quarter. Institutional investors own 76.47% of the company’s stock.

In related news, Treasurer Paul I. Cutler sold 11,016 shares of the stock in a transaction dated Wednesday, October 10th. The shares were sold at an average price of $175.08, for a total value of $1,928,681.28. Following the completion of the transaction, the treasurer now owns 102,291 shares of the company’s stock, valued at $17,909,108.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Armando Pimentel, Jr. sold 10,734 shares of the stock in a transaction dated Tuesday, August 7th. The stock was sold at an average price of $170.98, for a total transaction of $1,835,299.32. Following the completion of the transaction, the chief executive officer now directly owns 64,169 shares of the company’s stock, valued at approximately $10,971,615.62. The disclosure for this sale can be found here. Insiders sold 74,024 shares of company stock valued at $12,742,375 in the last three months. Company insiders own 0.55% of the company’s stock.

NYSE:NEE opened at $168.15 on Friday. NextEra Energy Inc has a 12-month low of $145.10 and a 12-month high of $176.82. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.65 and a quick ratio of 0.57. The stock has a market capitalization of $82.95 billion, a P/E ratio of 25.10, a price-to-earnings-growth ratio of 2.67 and a beta of 0.20.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Tuesday, October 23rd. The utilities provider reported $2.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.15 by $0.03. NextEra Energy had a net margin of 51.25% and a return on equity of 10.21%. The firm had revenue of $4.42 billion during the quarter, compared to analyst estimates of $4.92 billion. During the same quarter in the prior year, the business posted $1.85 earnings per share. The company’s quarterly revenue was down 8.1% compared to the same quarter last year. Equities analysts predict that NextEra Energy Inc will post 7.76 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Friday, November 30th will be given a $1.11 dividend. This represents a $4.44 annualized dividend and a yield of 2.64%. The ex-dividend date is Thursday, November 29th. NextEra Energy’s dividend payout ratio (DPR) is presently 66.27%.

A number of research analysts have recently commented on the stock. Credit Suisse Group cut their price objective on shares of NextEra Energy from $185.00 to $173.00 and set an “outperform” rating for the company in a research report on Wednesday, October 24th. Wells Fargo & Co upped their price objective on shares of NextEra Energy from $180.00 to $191.00 and gave the company an “outperform” rating in a research report on Monday, September 17th. Argus upped their price objective on shares of NextEra Energy from $184.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday. Morgan Stanley upped their price objective on shares of NextEra Energy from $181.00 to $186.00 and gave the company a “buy” rating in a research report on Tuesday, September 11th. Finally, Mizuho assumed coverage on shares of NextEra Energy in a research report on Monday, August 13th. They set a “buy” rating and a $184.00 price objective for the company. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $174.62.

NextEra Energy Profile

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

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