NS Partners Ltd increased its holdings in shares of NextEra Energy Inc (NYSE:NEE) by 20.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 109,587 shares of the utilities provider’s stock after purchasing an additional 18,847 shares during the period. NextEra Energy makes up 1.8% of NS Partners Ltd’s holdings, making the stock its 13th biggest holding. NS Partners Ltd’s holdings in NextEra Energy were worth $18,367,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also made changes to their positions in the stock. BlackRock Inc. lifted its position in shares of NextEra Energy by 1.9% during the 3rd quarter. BlackRock Inc. now owns 36,765,396 shares of the utilities provider’s stock worth $6,161,880,000 after buying an additional 692,998 shares during the last quarter. Northern Trust Corp lifted its position in shares of NextEra Energy by 1.0% during the 2nd quarter. Northern Trust Corp now owns 6,633,362 shares of the utilities provider’s stock worth $1,107,970,000 after buying an additional 64,609 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of NextEra Energy by 4.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 4,385,859 shares of the utilities provider’s stock worth $735,070,000 after buying an additional 204,880 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of NextEra Energy by 1.8% during the 2nd quarter. Janus Henderson Group PLC now owns 3,016,711 shares of the utilities provider’s stock worth $503,883,000 after buying an additional 53,173 shares during the last quarter. Finally, Legal & General Group Plc lifted its position in shares of NextEra Energy by 2.1% during the 2nd quarter. Legal & General Group Plc now owns 2,792,059 shares of the utilities provider’s stock worth $466,332,000 after buying an additional 57,093 shares during the last quarter. Institutional investors and hedge funds own 76.28% of the company’s stock.
Several analysts recently weighed in on the company. Barclays upped their price objective on NextEra Energy from $182.00 to $187.00 and gave the stock a “hold” rating in a research report on Monday, November 19th. Royal Bank of Canada upped their price objective on NextEra Energy to $186.00 and gave the stock an “outperform” rating in a research report on Thursday, November 1st. Argus upped their price objective on NextEra Energy from $184.00 to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, October 31st. Credit Suisse Group dropped their price objective on NextEra Energy from $185.00 to $173.00 and set an “outperform” rating for the company in a research report on Wednesday, October 24th. Finally, Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $193.00 price objective for the company in a research report on Friday, October 12th. Three research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $175.00.
NEE traded down $2.34 on Thursday, reaching $179.83. The stock had a trading volume of 285,290 shares, compared to its average volume of 2,030,102. NextEra Energy Inc has a fifty-two week low of $145.10 and a fifty-two week high of $184.17. The company has a quick ratio of 0.57, a current ratio of 0.65 and a debt-to-equity ratio of 0.72. The stock has a market cap of $87.07 billion, a PE ratio of 26.84, a PEG ratio of 2.80 and a beta of 0.14.
NextEra Energy (NYSE:NEE) last issued its earnings results on Tuesday, October 23rd. The utilities provider reported $2.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.15 by $0.03. NextEra Energy had a return on equity of 10.21% and a net margin of 51.25%. The business had revenue of $4.42 billion during the quarter, compared to analysts’ expectations of $4.92 billion. During the same quarter in the prior year, the firm earned $1.85 EPS. The business’s revenue for the quarter was down 8.1% compared to the same quarter last year. On average, equities research analysts expect that NextEra Energy Inc will post 7.78 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Friday, November 30th will be paid a $1.11 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $4.44 annualized dividend and a dividend yield of 2.47%. NextEra Energy’s payout ratio is 66.27%.
In other NextEra Energy news, Director Rudy E. Schupp sold 1,600 shares of the stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $167.00, for a total value of $267,200.00. Following the transaction, the director now owns 21,300 shares in the company, valued at $3,557,100. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Armando Pimentel, Jr. sold 4,920 shares of the stock in a transaction that occurred on Tuesday, November 6th. The stock was sold at an average price of $170.11, for a total value of $836,941.20. Following the completion of the transaction, the chief executive officer now owns 59,969 shares in the company, valued at approximately $10,201,326.59. The disclosure for this sale can be found here. In the last three months, insiders sold 52,941 shares of company stock valued at $9,302,680. Insiders own 0.55% of the company’s stock.
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NextEra Energy Company 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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