Cohen Lawrence B trimmed its position in NextEra Energy Inc (NYSE:NEE) by 15.9% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 2,652 shares of the utilities provider’s stock after selling 500 shares during the period. Cohen Lawrence B’s holdings in NextEra Energy were worth $389,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. BlackRock Inc. raised its stake in NextEra Energy by 0.6% during the 2nd quarter. BlackRock Inc. now owns 38,051,440 shares of the utilities provider’s stock worth $5,332,149,000 after buying an additional 217,972 shares during the period. Vanguard Group Inc. raised its stake in NextEra Energy by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 34,147,719 shares of the utilities provider’s stock worth $4,785,120,000 after buying an additional 1,503,907 shares during the period. FMR LLC raised its stake in NextEra Energy by 1.1% during the 2nd quarter. FMR LLC now owns 7,767,929 shares of the utilities provider’s stock worth $1,088,520,000 after buying an additional 87,224 shares during the period. Geode Capital Management LLC raised its stake in NextEra Energy by 7.9% during the 1st quarter. Geode Capital Management LLC now owns 4,578,611 shares of the utilities provider’s stock worth $586,925,000 after buying an additional 336,562 shares during the period. Finally, Legal & General Group Plc raised its stake in NextEra Energy by 1.6% during the 2nd quarter. Legal & General Group Plc now owns 2,696,535 shares of the utilities provider’s stock worth $377,898,000 after buying an additional 43,647 shares during the period. Hedge funds and other institutional investors own 75.63% of the company’s stock.
In related news, EVP John W. Ketchum sold 2,900 shares of NextEra Energy stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $150.00, for a total transaction of $435,000.00. Following the completion of the transaction, the executive vice president now owns 18,786 shares in the company, valued at $2,817,900. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James L. Robo sold 30,000 shares of NextEra Energy stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $151.52, for a total value of $4,545,600.00. The disclosure for this sale can be found here. Insiders have sold 65,385 shares of company stock valued at $9,748,482 in the last quarter. 0.53% of the stock is currently owned by corporate insiders.
NEE has been the topic of several research analyst reports. Morgan Stanley raised their price objective on NextEra Energy from $163.00 to $167.00 and gave the stock an “overweight” rating in a research note on Thursday, August 10th. Zacks Investment Research downgraded NextEra Energy from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. KeyCorp reissued a “buy” rating and issued a $155.00 price target on shares of NextEra Energy in a research note on Friday, September 1st. J P Morgan Chase & Co began coverage on NextEra Energy in a research note on Thursday, September 7th. They issued an “overweight” rating and a $173.00 price target on the stock. Finally, Bank of America began coverage on NextEra Energy in a research note on Tuesday, October 24th. They issued a “buy” rating and a $166.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $157.73.
NextEra Energy Inc (NYSE:NEE) traded up $2.14 during trading hours on Thursday, hitting $157.78. The company had a trading volume of 1,983,800 shares, compared to its average volume of 1,684,582. The company has a current ratio of 0.61, a quick ratio of 0.49 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $73,212.69, a P/E ratio of 23.33, a P/E/G ratio of 3.10 and a beta of 0.31. NextEra Energy Inc has a twelve month low of $114.80 and a twelve month high of $159.28.
NextEra Energy (NYSE:NEE) last released its earnings results on Thursday, October 26th. The utilities provider reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.08. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. The business had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.89 billion. During the same quarter in the previous year, the business earned $1.74 earnings per share. NextEra Energy’s quarterly revenue was up .1% on a year-over-year basis. research analysts anticipate that NextEra Energy Inc will post 6.73 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be issued a dividend of $0.9825 per share. This represents a $3.93 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend is Wednesday, November 22nd. NextEra Energy’s payout ratio is currently 44.16%.
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NextEra Energy Profile
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.
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