NextEra Energy, Inc. (NYSE:NEE) Shares Sold by AQR Capital Management LLC
AQR Capital Management LLC reduced its stake in NextEra Energy, Inc. (NYSE:NEE) by 12.5% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 764,181 shares of the utilities provider’s stock after selling 108,871 shares during the period. AQR Capital Management LLC’s holdings in NextEra Energy were worth $98,098,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in NextEra Energy by 3,384.2% in 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. Wellington Management Group LLP boosted its position in NextEra Energy by 0.8% in the first quarter. Wellington Management Group LLP now owns 19,961,544 shares of the utilities provider’s stock worth $2,562,463,000 after buying an additional 167,275 shares in the last quarter. FMR LLC boosted its position in NextEra Energy by 0.4% in the first quarter. FMR LLC now owns 7,680,705 shares of the utilities provider’s stock worth $985,973,000 after buying an additional 30,135 shares in the last quarter. Geode Capital Management LLC boosted its position in NextEra Energy by 7.9% in the first 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 in the last quarter. Finally, Alliancebernstein L.P. boosted its position in NextEra Energy by 11.3% in the first quarter. Alliancebernstein L.P. now owns 3,067,768 shares of the utilities provider’s stock worth $393,809,000 after buying an additional 310,903 shares in the last quarter. 76.72% of the stock is currently owned by hedge funds and other institutional investors.
NextEra Energy, Inc. (NYSE NEE) traded down 0.37% during mid-day trading on Friday, reaching $147.18. 1,271,479 shares of the company’s stock traded hands. NextEra Energy, Inc. has a one year low of $110.49 and a one year high of $148.30. The firm’s 50-day moving average price is $143.37 and its 200 day moving average price is $135.07. The firm has a market cap of $69.06 billion, a price-to-earnings ratio of 16.86 and a beta of 0.32.
NextEra Energy (NYSE:NEE) last posted its earnings results on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.10. NextEra Energy had a net margin of 24.26% and a return on equity of 11.88%. The firm had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.44 billion. During the same period in the previous year, the firm posted $1.67 EPS. The business’s quarterly revenue was up 15.4% on a year-over-year basis. On average, equities analysts forecast that NextEra Energy, Inc. will post $6.72 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be issued a $0.9825 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a $3.93 dividend on an annualized basis and a dividend yield of 2.67%. NextEra Energy’s dividend payout ratio (DPR) is presently 45.02%.
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A number of research analysts recently commented on NEE shares. BidaskClub cut NextEra Energy from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Goldman Sachs Group, Inc. (The) started coverage on NextEra Energy in a research note on Monday, July 24th. They issued a “buy” rating and a $160.00 target price on the stock. Royal Bank Of Canada reissued a “buy” rating and issued a $144.00 target price on shares of NextEra Energy in a research note on Tuesday, May 2nd. BMO Capital Markets reissued a “buy” rating and issued a $156.00 target price (up previously from $144.00) on shares of NextEra Energy in a research note on Friday, June 23rd. Finally, Morgan Stanley increased their target price on NextEra Energy from $161.00 to $162.00 and gave the company an “overweight” rating in a research note on Monday, May 8th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. NextEra Energy currently has a consensus rating of “Buy” and an average target price of $148.64.
In other news, Director James L. Robo sold 30,000 shares of the business’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $147.05, for a total value of $4,411,500.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Eric E. Silagy sold 8,111 shares of the business’s stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $140.58, for a total transaction of $1,140,244.38. Following the completion of the sale, the director now owns 26,884 shares in the company, valued at $3,779,352.72. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 90,431 shares of company stock worth $12,692,378. 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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