Zevenbergen Capital Investments LLC Has $651,000 Stock Holdings in NextEra Energy, Inc. $NEE

Zevenbergen Capital Investments LLC cut its holdings in NextEra Energy, Inc. (NYSE:NEE) by 56.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 8,628 shares of the utilities provider’s stock after selling 11,260 shares during the quarter. Zevenbergen Capital Investments LLC’s holdings in NextEra Energy were worth $651,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Norges Bank bought a new stake in NextEra Energy in the 2nd quarter valued at $2,375,545,000. Vanguard Group Inc. increased its holdings in NextEra Energy by 2.7% during the 2nd quarter. Vanguard Group Inc. now owns 212,877,021 shares of the utilities provider’s stock worth $14,777,923,000 after purchasing an additional 5,554,603 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of NextEra Energy by 1,765.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 3,968,305 shares of the utilities provider’s stock valued at $299,567,000 after purchasing an additional 3,755,563 shares during the period. Amundi lifted its holdings in shares of NextEra Energy by 27.8% in the first quarter. Amundi now owns 12,200,990 shares of the utilities provider’s stock valued at $878,447,000 after purchasing an additional 2,657,438 shares in the last quarter. Finally, Schroder Investment Management Group lifted its holdings in shares of NextEra Energy by 18.7% in the second quarter. Schroder Investment Management Group now owns 10,796,329 shares of the utilities provider’s stock valued at $749,481,000 after purchasing an additional 1,701,648 shares in the last quarter. 78.72% of the stock is currently owned by institutional investors and hedge funds.

NextEra Energy Trading Down 1.6%

NYSE NEE opened at $79.58 on Friday. The company has a market cap of $165.73 billion, a PE ratio of 25.34, a PEG ratio of 2.71 and a beta of 0.74. The company has a current ratio of 0.55, a quick ratio of 0.45 and a debt-to-equity ratio of 1.30. NextEra Energy, Inc. has a 12 month low of $61.72 and a 12 month high of $87.53. The stock has a 50 day moving average of $83.43 and a 200-day moving average of $76.96.

NextEra Energy (NYSE:NEE) last issued its earnings results on Tuesday, October 28th. The utilities provider reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.09. NextEra Energy had a net margin of 24.72% and a return on equity of 12.42%. The business had revenue of $7.97 billion for the quarter, compared to the consensus estimate of $8.13 billion. During the same period in the previous year, the company earned $1.03 earnings per share. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. On average, equities research analysts anticipate that NextEra Energy, Inc. will post 3.68 EPS for the current fiscal year.

NextEra Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 21st were issued a dividend of $0.5665 per share. The ex-dividend date was Friday, November 21st. This represents a $2.27 dividend on an annualized basis and a yield of 2.8%. NextEra Energy’s dividend payout ratio (DPR) is presently 72.29%.

Insider Buying and Selling

In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 145,140 shares of the business’s stock in a transaction that occurred on Monday, November 17th. The stock was sold at an average price of $83.91, for a total transaction of $12,178,697.40. Following the transaction, the chief executive officer owned 162,693 shares of the company’s stock, valued at $13,651,569.63. The trade was a 47.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Charles E. Sieving sold 11,336 shares of the company’s stock in a transaction that occurred on Friday, October 3rd. The shares were sold at an average price of $80.00, for a total value of $906,880.00. Following the completion of the sale, the executive vice president owned 167,481 shares in the company, valued at $13,398,480. This represents a 6.34% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 157,322 shares of company stock worth $13,148,943. Company insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. BMO Capital Markets reiterated an “outperform” rating and set a $89.00 price objective (down from $90.00) on shares of NextEra Energy in a report on Wednesday, December 10th. New Street Research set a $84.00 price target on NextEra Energy in a research report on Monday, October 13th. Barclays set a $88.00 price target on shares of NextEra Energy and gave the stock an “equal weight” rating in a research note on Wednesday, October 29th. Mizuho boosted their price objective on shares of NextEra Energy from $78.00 to $88.00 and gave the stock a “neutral” rating in a research report on Monday, October 27th. Finally, HSBC raised their target price on shares of NextEra Energy from $94.00 to $95.00 in a research report on Monday, November 10th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $91.56.

About NextEra Energy

NextEra Energy, Inc (NYSE: NEE), headquartered in Juno Beach, Florida, is a leading clean energy company with both regulated utility operations and competitive renewable generation businesses. The company’s principal operating subsidiaries include Florida Power & Light Company (FPL), a regulated electric utility serving customers in Florida, and NextEra Energy Resources, which develops, constructs, owns and operates a large portfolio of wind, solar and energy storage projects. Together these businesses provide electricity supply, transmission and distribution services as well as utility-scale renewable generation and related services.

NextEra’s activities cover the full lifecycle of power assets, from project development and construction to operation, maintenance and asset optimization.