Global Financial Private Capital LLC lessened its holdings in shares of NextEra Energy Inc (NYSE:NEE) by 13.1% during the third quarter, HoldingsChannel.com reports. The firm owned 11,760 shares of the utilities provider’s stock after selling 1,767 shares during the quarter. Global Financial Private Capital LLC’s holdings in NextEra Energy were worth $1,971,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of NEE. Principal Financial Group Inc. lifted its stake in shares of NextEra Energy by 3.2% during the 1st quarter. Principal Financial Group Inc. now owns 1,641,235 shares of the utilities provider’s stock worth $268,063,000 after purchasing an additional 51,158 shares during the period. Fisher Asset Management LLC increased its holdings in shares of NextEra Energy by 27.3% during the 2nd quarter. Fisher Asset Management LLC now owns 2,229 shares of the utilities provider’s stock worth $372,000 after buying an additional 478 shares during the last quarter. Xact Kapitalforvaltning AB increased its holdings in shares of NextEra Energy by 3.5% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 50,218 shares of the utilities provider’s stock worth $8,388,000 after buying an additional 1,699 shares during the last quarter. First Citizens Bank & Trust Co. increased its holdings in shares of NextEra Energy by 20.7% during the 2nd quarter. First Citizens Bank & Trust Co. now owns 5,417 shares of the utilities provider’s stock worth $904,000 after buying an additional 928 shares during the last quarter. Finally, FormulaFolio Investments LLC increased its holdings in shares of NextEra Energy by 93.3% during the 2nd quarter. FormulaFolio Investments LLC now owns 3,683 shares of the utilities provider’s stock worth $615,000 after buying an additional 1,778 shares during the last quarter. 75.46% of the stock is currently owned by institutional investors.
Shares of NYSE NEE opened at $176.56 on Friday. NextEra Energy Inc has a 12-month low of $145.10 and a 12-month high of $177.04. The firm has a market capitalization of $83.14 billion, a P/E ratio of 23.26, a P/E/G ratio of 2.68 and a beta of 0.13. 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 (NYSE:NEE) last announced its quarterly earnings results on Tuesday, October 23rd. The utilities provider reported $2.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.15 by $0.03. NextEra Energy had a return on equity of 10.21% and a net margin of 51.25%. The firm had revenue of $4.42 billion during the quarter, compared to the consensus estimate of $4.92 billion. During the same period in the prior year, the firm earned $1.85 EPS. The firm’s quarterly revenue was down 8.1% compared to the same quarter last year. On average, analysts forecast that NextEra Energy Inc will post 7.76 earnings per share for the current year.
The business also recently declared 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 annualized dividend and a yield of 2.51%. NextEra Energy’s dividend payout ratio is currently 66.27%.
NEE has been the subject of a number of research analyst reports. Wells Fargo & Co upped their price objective on NextEra Energy from $180.00 to $191.00 and gave the stock an “outperform” rating in a report on Monday, September 17th. Morgan Stanley dropped their price objective on NextEra Energy from $186.00 to $184.00 and set a “buy” rating for the company in a report on Friday, September 21st. Zacks Investment Research downgraded NextEra Energy from a “buy” rating to a “hold” rating in a report on Thursday, August 9th. Mizuho initiated coverage on NextEra Energy in a report on Monday, August 13th. They set a “buy” rating and a $184.00 price objective for the company. Finally, ValuEngine upgraded NextEra Energy from a “hold” rating to a “buy” rating in a report on Thursday, August 2nd. Three equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $174.62.
In other NextEra Energy news, CEO Eric E. Silagy sold 17,000 shares of the company’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $171.91, for a total value of $2,922,470.00. Following the completion of the transaction, the chief executive officer now directly owns 42,898 shares of the company’s stock, valued at approximately $7,374,595.18. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Armando Pimentel, Jr. sold 4,920 shares of the company’s stock in a transaction dated Tuesday, November 6th. The shares were sold at an average price of $170.11, for a total transaction of $836,941.20. Following the completion of the transaction, the chief executive officer now directly owns 59,969 shares of the company’s stock, valued at $10,201,326.59. The disclosure for this sale can be found here. Over the last quarter, insiders sold 68,210 shares of company stock valued at $11,744,017. 0.55% of the stock is owned by insiders.
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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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