Highbridge Capital Management LLC reduced its stake in shares of NextEra Energy Inc (NYSE:NEE) by 87.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,373 shares of the utilities provider’s stock after selling 218,627 shares during the quarter. Highbridge Capital Management LLC’s holdings in NextEra Energy were worth $5,258,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Capital Advisors Ltd. LLC grew its position in shares of NextEra Energy by 323.5% in the third 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. Private Ocean LLC grew its position in shares of NextEra Energy by 154.2% in the third quarter. Private Ocean LLC now owns 778 shares of the utilities provider’s stock valued at $130,000 after purchasing an additional 472 shares during the last quarter. Braun Bostich & Associates Inc. grew its position in shares of NextEra Energy by 492.5% in the second 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. LFA Lugano Financial Advisors SA acquired a new stake in shares of NextEra Energy in the third quarter valued at approximately $168,000. Finally, CSat Investment Advisory L.P. acquired a new stake in shares of NextEra Energy in the second quarter valued at approximately $176,000. Institutional investors own 76.28% of the company’s stock.
Shares of NYSE NEE opened at $182.17 on Thursday. NextEra Energy Inc has a 1 year low of $145.10 and a 1 year high of $184.17. The company has a market cap of $87.07 billion, a P/E ratio of 27.19, a PEG ratio of 2.80 and a beta of 0.14. The company has a current ratio of 0.65, a quick ratio of 0.57 and a debt-to-equity ratio of 0.72.
NextEra Energy (NYSE:NEE) last announced its earnings results on Tuesday, October 23rd. The utilities provider reported $2.18 earnings per share (EPS) for the quarter, topping the Zacks’ 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 for the quarter, compared to analyst estimates of $4.92 billion. During the same quarter last year, the business earned $1.85 earnings per share. NextEra Energy’s revenue was down 8.1% compared to the same quarter last year. Sell-side analysts anticipate that NextEra Energy Inc will post 7.78 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Friday, November 30th will be given a dividend of $1.11 per share. The ex-dividend date is Thursday, November 29th. This represents a $4.44 dividend on an annualized basis and a yield of 2.44%. NextEra Energy’s dividend payout ratio (DPR) is currently 66.27%.
NEE has been the topic of several research reports. Zacks Investment Research upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $191.00 price target on the stock in a research report on Wednesday, August 8th. Argus increased their price target on shares of NextEra Energy from $184.00 to $190.00 and gave the company a “buy” rating in a research report on Wednesday, October 31st. Morgan Stanley lowered their price target on shares of NextEra Energy from $186.00 to $184.00 and set a “buy” rating on the stock in a research report on Friday, September 21st. Mizuho initiated coverage on shares of NextEra Energy in a research report on Monday, August 13th. They issued a “buy” rating and a $184.00 price target on the stock. Finally, Barclays increased their price target on shares of NextEra Energy from $182.00 to $187.00 and gave the company a “hold” rating in a research report on Monday, November 19th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $175.00.
In other NextEra Energy news, EVP Charles E. Sieving sold 19,731 shares of the stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $180.10, for a total transaction of $3,553,553.10. Following the transaction, the executive vice president now owns 68,245 shares of the company’s stock, valued at $12,290,924.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Treasurer Paul I. Cutler sold 7,639 shares of the stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $173.30, for a total transaction of $1,323,838.70. Following the transaction, the treasurer now directly owns 98,914 shares in the company, valued at approximately $17,141,796.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,941 shares of company stock worth $9,302,680. 0.55% of the stock is owned by company insiders.
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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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