Nordea Investment Management AB Acquires 6,167 Shares of NextEra Energy Inc (NEE)
Nordea Investment Management AB grew its holdings in shares of NextEra Energy Inc (NYSE:NEE) by 6.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 109,315 shares of the utilities provider’s stock after purchasing an additional 6,167 shares during the quarter. Nordea Investment Management AB’s holdings in NextEra Energy were worth $16,020,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in the company. Fox Run Management L.L.C. bought a new position in NextEra Energy in the 2nd quarter worth $1,289,000. Almanack Investment Partners LLC. grew its position in NextEra Energy by 64.6% in the 2nd quarter. Almanack Investment Partners LLC. now owns 2,163 shares of the utilities provider’s stock worth $303,000 after purchasing an additional 849 shares during the last quarter. Colony Group LLC grew its position in NextEra Energy by 806.4% in the 2nd quarter. Colony Group LLC now owns 15,517 shares of the utilities provider’s stock worth $2,174,000 after purchasing an additional 13,805 shares during the last quarter. Salem Investment Counselors Inc. grew its position in NextEra Energy by 12.7% in the 1st quarter. Salem Investment Counselors Inc. now owns 9,001 shares of the utilities provider’s stock worth $1,154,000 after purchasing an additional 1,012 shares during the last quarter. Finally, Cookson Peirce & Co. Inc. acquired a new stake in NextEra Energy in the 2nd quarter worth $9,809,000. Institutional investors and hedge funds own 75.63% of the company’s stock.
In related news, EVP Joseph T. Kelliher sold 2,000 shares of NextEra Energy stock in a transaction dated Wednesday, October 11th. The shares were sold at an average price of $150.00, for a total transaction of $300,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John W. Ketchum sold 2,900 shares of NextEra Energy stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $150.00, for a total transaction of $435,000.00. Following the transaction, the executive vice president now directly owns 18,786 shares of the company’s stock, valued at $2,817,900. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 107,757 shares of company stock worth $16,419,953. 0.53% of the stock is owned by company insiders.
Several analysts have issued reports on NEE shares. Zacks Investment Research lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a research report on Friday, October 13th. Bank of America started coverage on shares of NextEra Energy in a research report on Tuesday, October 24th. They issued a “buy” rating and a $166.00 price target on the stock. Royal Bank of Canada restated a “buy” rating and issued a $156.00 price target on shares of NextEra Energy in a research report on Tuesday, November 7th. KeyCorp restated a “buy” rating and issued a $155.00 price target on shares of NextEra Energy in a research report on Friday, September 1st. Finally, Credit Suisse Group started coverage on shares of NextEra Energy in a research report on Thursday, December 7th. They issued an “outperform” rating and a $173.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $159.00.
Shares of NextEra Energy Inc (NYSE:NEE) traded up $0.45 during trading on Friday, hitting $158.43. 3,314,655 shares of the stock traded hands, compared to its average volume of 1,669,569. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.49 and a current ratio of 0.61. NextEra Energy Inc has a 1-year low of $117.12 and a 1-year high of $159.40. The firm has a market cap of $74,525.16, a price-to-earnings ratio of 23.75, a P/E/G ratio of 3.16 and a beta of 0.31.
NextEra Energy (NYSE:NEE) last issued its earnings results on Thursday, October 26th. The utilities provider reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.08. NextEra Energy had a net margin of 24.81% and a return on equity of 11.86%. The business had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.89 billion. During the same period in the previous year, the business earned $1.74 EPS. The firm’s revenue was up .1% on a year-over-year basis. sell-side analysts predict that NextEra Energy Inc will post 6.73 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, November 24th were given a dividend of $0.9825 per share. The ex-dividend date was Wednesday, November 22nd. This represents a $3.93 annualized dividend and a dividend yield of 2.48%. NextEra Energy’s dividend payout ratio (DPR) 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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