NextEra Energy Inc (NEE) Shares Bought by Greystone Managed Investments Inc.
Greystone Managed Investments Inc. lifted its holdings in shares of NextEra Energy Inc (NYSE:NEE) by 4.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,428 shares of the utilities provider’s stock after purchasing an additional 3,491 shares during the quarter. Greystone Managed Investments Inc.’s holdings in NextEra Energy were worth $11,054,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in NEE. BlackRock Inc. grew its holdings in shares of NextEra Energy by 3,384.2% during the first quarter. BlackRock Inc. now owns 37,833,468 shares of the utilities provider’s stock worth $4,856,682,000 after buying an additional 36,747,599 shares in the last quarter. Janus Henderson Group PLC grew its holdings in shares of NextEra Energy by 2,832.8% during the second quarter. Janus Henderson Group PLC now owns 1,800,376 shares of the utilities provider’s stock worth $252,287,000 after buying an additional 1,738,989 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of NextEra Energy by 4.6% during the second 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 in the last quarter. Principal Financial Group Inc. grew its holdings in shares of NextEra Energy by 122.5% during the second quarter. Principal Financial Group Inc. now owns 1,479,209 shares of the utilities provider’s stock worth $207,281,000 after buying an additional 814,478 shares in the last quarter. Finally, BT Investment Management Ltd bought a new position in shares of NextEra Energy during the second quarter worth about $96,214,000. 75.63% of the stock is currently owned by institutional investors.
NextEra Energy Inc (NEE) traded down $2.18 during mid-day trading on Wednesday, reaching $157.07. The company’s stock had a trading volume of 1,988,700 shares, compared to its average volume of 1,683,005. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.49 and a current ratio of 0.61. The company has a market capitalization of $74,910.82, a P/E ratio of 23.88, a price-to-earnings-growth ratio of 3.18 and a beta of 0.31. NextEra Energy Inc has a 12-month low of $114.85 and a 12-month high of $159.40.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Thursday, October 26th. The utilities provider reported $1.85 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.77 by $0.08. The firm had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.89 billion. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. The business’s revenue was up .1% compared to the same quarter last year. During the same period last year, the company earned $1.74 earnings per share. equities analysts forecast that NextEra Energy Inc will post 6.73 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be paid a $0.9825 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $3.93 dividend on an annualized basis and a yield of 2.50%. NextEra Energy’s dividend payout ratio is 44.16%.
In other news, EVP John W. Ketchum sold 2,900 shares of NextEra Energy stock in a transaction that occurred on 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 directly owns 18,786 shares in the company, valued at approximately $2,817,900. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Charles E. Sieving sold 30,485 shares of NextEra Energy stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $146.56, for a total value of $4,467,881.60. Following the transaction, the executive vice president now owns 78,167 shares of the company’s stock, valued at $11,456,155.52. The disclosure for this sale can be found here. Insiders have sold a total of 107,757 shares of company stock valued at $16,419,953 over the last quarter. 0.53% of the stock is currently owned by corporate insiders.
A number of research analysts recently issued reports on the company. Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $178.00 price objective for the company in a report on Tuesday. Argus reiterated a “buy” rating and set a $173.00 price objective on shares of NextEra Energy in a report on Tuesday, December 5th. They noted that the move was a valuation call. Credit Suisse Group assumed coverage on NextEra Energy in a report on Thursday, December 7th. They set an “outperform” rating and a $173.00 price objective for the company. J P Morgan Chase & Co set a $169.00 price objective on NextEra Energy and gave the stock a “hold” rating in a report on Thursday, October 12th. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $156.00 price objective on shares of NextEra Energy in a report on Tuesday, November 7th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. NextEra Energy has a consensus rating of “Buy” and an average target price of $158.60.
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NextEra Energy Company 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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