Pendal Group Ltd cut its position in NextEra Energy Inc (NYSE:NEE) by 16.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 546,325 shares of the utilities provider’s stock after selling 108,041 shares during the quarter. NextEra Energy comprises 1.2% of Pendal Group Ltd’s holdings, making the stock its 23rd biggest position. Pendal Group Ltd owned approximately 0.11% of NextEra Energy worth $91,564,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of NEE. Capital Advisors Ltd. LLC lifted its position in NextEra Energy by 323.5% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 648 shares of the utilities provider’s stock valued at $109,000 after purchasing an additional 495 shares during the last quarter. Braun Bostich & Associates Inc. lifted its position in NextEra Energy by 492.5% in the 2nd quarter. Braun Bostich & Associates Inc. now owns 865 shares of the utilities provider’s stock valued at $144,000 after purchasing an additional 719 shares during the last quarter. Howe & Rusling Inc. raised its position in shares of NextEra Energy by 70.5% during the 2nd quarter. Howe & Rusling Inc. now owns 902 shares of the utilities provider’s stock worth $151,000 after buying an additional 373 shares in the last quarter. Marshall & Sullivan Inc. WA bought a new stake in shares of NextEra Energy during the 2nd quarter worth about $167,000. Finally, LFA Lugano Financial Advisors SA bought a new stake in shares of NextEra Energy during the 3rd quarter worth about $168,000. Hedge funds and other institutional investors own 75.46% of the company’s stock.
Shares of NYSE NEE traded up $1.66 during midday trading on Wednesday, reaching $173.12. The company’s stock had a trading volume of 178,812 shares, compared to its average volume of 1,846,710. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.65 and a quick ratio of 0.57. NextEra Energy Inc has a one year low of $145.10 and a one year high of $176.82. The company has a market capitalization of $80.37 billion, a P/E ratio of 25.84, a PEG ratio of 2.59 and a beta of 0.13.
NextEra Energy (NYSE:NEE) last released its earnings results on Tuesday, October 23rd. The utilities provider reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.03. NextEra Energy had a net margin of 51.25% and a return on equity of 10.21%. The business had revenue of $4.42 billion for the quarter, compared to the consensus estimate of $4.92 billion. During the same period in the previous year, the firm earned $1.85 EPS. The business’s revenue for the quarter was down 8.1% on a year-over-year basis. On average, analysts anticipate that NextEra Energy Inc will post 7.76 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Friday, November 30th will be issued a $1.11 dividend. The ex-dividend date is Thursday, November 29th. This represents a $4.44 dividend on an annualized basis and a dividend yield of 2.56%. NextEra Energy’s payout ratio is currently 66.27%.
In related news, Treasurer Paul I. Cutler sold 11,016 shares of the business’s stock in a transaction that occurred on 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 sale, the treasurer now directly owns 102,291 shares in the company, valued at approximately $17,909,108.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Rudy E. Schupp sold 1,600 shares of the business’s stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $167.00, for a total transaction of $267,200.00. Following the completion of the sale, the director now owns 21,300 shares in the company, valued at $3,557,100. The disclosure for this sale can be found here. Insiders sold a total of 63,290 shares of company stock worth $10,907,075 over the last quarter. Insiders own 0.55% of the company’s stock.
NEE has been the topic of a number of recent analyst reports. Wells Fargo & Co boosted their price target on shares of NextEra Energy from $191.00 to $200.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 10th. ValuEngine upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating in a research report on Thursday, August 2nd. Mizuho initiated coverage on shares of NextEra Energy in a research report on Monday, August 13th. They set a “buy” rating and a $184.00 price target on the stock. Royal Bank of Canada boosted their price target on shares of NextEra Energy to $186.00 and gave the stock an “outperform” rating in a research report on Thursday, November 1st. Finally, Credit Suisse Group dropped their price target on shares of NextEra Energy from $185.00 to $173.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 24th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. NextEra Energy currently has a consensus rating of “Buy” and a consensus price target of $174.62.
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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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