First Business Financial Services Inc. purchased a new stake in shares of NextEra Energy Inc (NYSE:NEE) during the third quarter, Holdings Channel.com reports. The institutional investor purchased 938 shares of the utilities provider’s stock, valued at approximately $219,000.
Several other institutional investors and hedge funds have also modified their holdings of the company. UBS Asset Management Americas Inc. grew its holdings in NextEra Energy by 41.5% during the second quarter. UBS Asset Management Americas Inc. now owns 2,524,371 shares of the utilities provider’s stock worth $517,143,000 after acquiring an additional 740,059 shares during the period. Railway Pension Investments Ltd acquired a new position in NextEra Energy during the second quarter worth about $13,001,000. Vanguard Group Inc. grew its holdings in NextEra Energy by 1.3% during the second quarter. Vanguard Group Inc. now owns 43,282,619 shares of the utilities provider’s stock worth $8,866,878,000 after acquiring an additional 573,923 shares during the period. California Public Employees Retirement System grew its holdings in NextEra Energy by 19.1% during the second quarter. California Public Employees Retirement System now owns 3,437,222 shares of the utilities provider’s stock worth $704,149,000 after acquiring an additional 550,956 shares during the period. Finally, Thoroughbred Financial Services LLC grew its holdings in NextEra Energy by 20,386.0% during the second quarter. Thoroughbred Financial Services LLC now owns 435,942 shares of the utilities provider’s stock worth $43,594,000 after acquiring an additional 433,814 shares during the period. 74.53% of the stock is currently owned by institutional investors.
In related news, CEO James L. Robo sold 44,537 shares of NextEra Energy stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $216.85, for a total value of $9,657,848.45. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Treasurer Paul I. Cutler sold 23,750 shares of NextEra Energy stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $223.59, for a total value of $5,310,262.50. Following the completion of the transaction, the treasurer now directly owns 93,462 shares in the company, valued at approximately $20,897,168.58. The disclosure for this sale can be found here. Insiders sold a total of 97,576 shares of company stock worth $21,514,886 in the last three months. 0.48% of the stock is currently owned by company insiders.
A number of research analysts recently issued reports on NEE shares. ValuEngine lowered NextEra Energy from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. lifted their target price on NextEra Energy from $214.00 to $252.00 and gave the stock an “overweight” rating in a report on Monday, October 14th. Wells Fargo & Co lifted their target price on NextEra Energy from $240.00 to $260.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. UBS Group lifted their target price on NextEra Energy from $240.00 to $250.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Finally, Morgan Stanley lifted their price target on NextEra Energy from $241.00 to $242.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $231.67.
NEE traded down $1.01 during trading on Friday, reaching $222.08. The company had a trading volume of 1,583,945 shares, compared to its average volume of 1,974,897. The firm’s 50-day simple moving average is $231.32 and its 200 day simple moving average is $213.40. The company has a market cap of $111.01 billion, a price-to-earnings ratio of 28.84, a PEG ratio of 3.40 and a beta of 0.17. NextEra Energy Inc has a 12-month low of $164.78 and a 12-month high of $239.89. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.47 and a current ratio of 0.58.
NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Tuesday, October 22nd. The utilities provider reported $2.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.27 by $0.12. The firm had revenue of $5.57 billion for the quarter, compared to analysts’ expectations of $5.14 billion. NextEra Energy had a return on equity of 10.59% and a net margin of 16.92%. NextEra Energy’s revenue was up 26.1% on a year-over-year basis. During the same quarter last year, the business posted $2.18 EPS. On average, sell-side analysts expect that NextEra Energy Inc will post 8.36 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be paid a $1.25 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $5.00 dividend on an annualized basis and a yield of 2.25%. NextEra Energy’s dividend payout ratio is currently 64.94%.
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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