QS Investors LLC Raises Holdings in NextEra Energy, Inc. (NEE)
QS Investors LLC boosted its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 2.3% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 30,629 shares of the utilities provider’s stock after acquiring an additional 674 shares during the quarter. QS Investors LLC’s holdings in NextEra Energy were worth $4,292,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of NEE. BlackRock Inc. lifted its position in NextEra Energy by 3,384.2% during the 1st quarter. BlackRock Inc. now owns 37,833,468 shares of the utilities provider’s stock worth $4,856,682,000 after acquiring an additional 36,747,599 shares during the period. Vanguard Group Inc. lifted its position in NextEra Energy by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 34,147,719 shares of the utilities provider’s stock worth $4,785,120,000 after acquiring an additional 1,503,907 shares during the period. Principal Financial Group Inc. lifted its position in NextEra Energy by 122.5% during the 2nd quarter. Principal Financial Group Inc. now owns 1,479,209 shares of the utilities provider’s stock worth $207,281,000 after acquiring an additional 814,478 shares during the period. BT Investment Management Ltd acquired a new stake in NextEra Energy during the 2nd quarter worth about $96,214,000. Finally, Bank of Montreal Can acquired a new stake in NextEra Energy during the 2nd quarter worth about $83,603,000. 75.19% of the stock is owned by institutional investors.
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NEE has been the subject of a number of research reports. Zacks Investment Research raised NextEra Energy from a “hold” rating to a “buy” rating and set a $165.00 price target for the company in a research report on Tuesday, October 10th. KeyCorp reaffirmed a “buy” rating and set a $155.00 price target on shares of NextEra Energy in a research report on Thursday, October 12th. BidaskClub raised NextEra Energy from a “hold” rating to a “buy” rating in a research report on Tuesday, August 8th. Goldman Sachs Group, Inc. (The) initiated coverage on NextEra Energy in a research report on Monday, July 24th. They set a “buy” rating and a $160.00 price target for the company. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $156.00 price target on shares of NextEra Energy in a research report on Tuesday. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. NextEra Energy currently has a consensus rating of “Buy” and a consensus price target of $155.38.
In related news, EVP Charles E. Sieving sold 30,485 shares of the company’s stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 78,167 shares of the company’s stock, valued at approximately $11,456,155.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James L. Robo sold 30,000 shares of the company’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $151.52, for a total value of $4,545,600.00. The disclosure for this sale can be found here. Insiders sold a total of 65,385 shares of company stock valued at $9,748,482 in the last ninety days. 0.53% of the stock is currently owned by insiders.
NextEra Energy, Inc. (NYSE NEE) opened at $151.86 on Tuesday. The firm has a market capitalization of $71,806.20, a PE ratio of 22.89, a P/E/G ratio of 3.04 and a beta of 0.31. NextEra Energy, Inc. has a fifty-two week low of $110.49 and a fifty-two week high of $156.80. The company has a quick ratio of 0.49, a current ratio of 0.61 and a debt-to-equity ratio of 1.11.
NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Thursday, October 26th. The utilities provider reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.77 by $0.08. The company had revenue of $4.81 billion during the quarter, compared to analysts’ expectations of $4.89 billion. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. NextEra Energy’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.74 EPS. analysts forecast that NextEra Energy, Inc. will post 6.73 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be issued 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 2.59%. NextEra Energy’s payout ratio is 44.16%.
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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