NextEra Energy, Inc. (NEE) Shares Sold by PGGM Investments
PGGM Investments lessened its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 58.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 161,726 shares of the utilities provider’s stock after selling 224,180 shares during the period. PGGM Investments’ holdings in NextEra Energy were worth $23,701,000 at the end of the most recent quarter.
Several other institutional investors also recently bought and sold shares of NEE. Wayne Hummer Investments L.L.C. raised its stake in NextEra Energy by 95.1% in the first quarter. Wayne Hummer Investments L.L.C. now owns 4,862 shares of the utilities provider’s stock worth $624,000 after buying an additional 2,370 shares in the last quarter. Atlantic Trust Group LLC raised its stake in NextEra Energy by 0.3% in the first quarter. Atlantic Trust Group LLC now owns 641,175 shares of the utilities provider’s stock worth $82,308,000 after buying an additional 2,103 shares in the last quarter. Ruggie Capital Group bought a new position in NextEra Energy in the first quarter worth approximately $191,000. Sandy Spring Bank raised its stake in NextEra Energy by 0.3% in the first quarter. Sandy Spring Bank now owns 26,529 shares of the utilities provider’s stock worth $3,405,000 after buying an additional 77 shares in the last quarter. Finally, Schroder Investment Management Group raised its stake in NextEra Energy by 5.4% in the first quarter. Schroder Investment Management Group now owns 735,587 shares of the utilities provider’s stock worth $94,251,000 after buying an additional 37,531 shares in the last quarter. 74.55% of the stock is owned by hedge funds and other institutional investors.
Shares of NextEra Energy, Inc. (NEE) opened at $155.92 on Tuesday. The firm has a market cap of $73,400.00, a price-to-earnings ratio of 23.39, a PEG ratio of 3.10 and a beta of 0.31. The company has a current ratio of 0.61, a quick ratio of 0.49 and a debt-to-equity ratio of 1.11. NextEra Energy, Inc. has a 1-year low of $112.63 and a 1-year high of $159.28.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.08. The firm had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.89 billion. NextEra Energy had a net margin of 24.81% and a return on equity of 11.86%. The business’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.74 earnings per share. analysts predict that NextEra Energy, Inc. will post 6.73 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders 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 dividend yield of 2.52%. The ex-dividend date of this dividend is Wednesday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is presently 44.16%.
A number of equities analysts recently commented on the stock. Royal Bank Of Canada reissued a “buy” rating and issued a $156.00 price objective on shares of NextEra Energy in a research note on Tuesday, November 7th. Bank of America Corporation began coverage on shares of NextEra Energy in a report on Tuesday, October 24th. They issued a “buy” rating and a $166.00 price target on the stock. Zacks Investment Research lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Friday, October 13th. KeyCorp reaffirmed a “buy” rating and issued a $155.00 price target on shares of NextEra Energy in a report on Thursday, October 12th. Finally, J P Morgan Chase & Co set a $169.00 price target on shares of NextEra Energy and gave the stock a “hold” rating in a report on Thursday, October 12th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. NextEra Energy presently has a consensus rating of “Buy” and a consensus target price of $155.38.
In related news, EVP Joseph T. Kelliher sold 2,000 shares of the business’s stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $150.00, for a total transaction of $300,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Charles E. Sieving sold 30,485 shares of the business’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $146.56, for a total transaction 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 65,385 shares of company stock worth $9,748,482 over the last three months. Corporate insiders own 0.53% of the company’s stock.
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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