Artemis Investment Management LLP raised its position in shares of NextEra Energy, Inc. (NYSE:NEE) by 64.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,672 shares of the utilities provider’s stock after buying an additional 1,433 shares during the period. Artemis Investment Management LLP’s holdings in NextEra Energy were worth $515,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in NEE. BlackRock Inc. boosted 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 valued at $4,856,682,000 after buying an additional 36,747,599 shares during the period. Principal Financial Group Inc. boosted 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 valued at $207,281,000 after buying an additional 814,478 shares during the period. Bank of Montreal Can purchased a new stake in NextEra Energy during the 2nd quarter valued at $83,603,000. Geode Capital Management LLC boosted its position in NextEra Energy by 7.9% during the 1st quarter. Geode Capital Management LLC now owns 4,578,611 shares of the utilities provider’s stock valued at $586,925,000 after buying an additional 336,562 shares during the period. Finally, SG Americas Securities LLC boosted its position in NextEra Energy by 567.0% during the 2nd quarter. SG Americas Securities LLC now owns 369,201 shares of the utilities provider’s stock valued at $51,736,000 after buying an additional 313,846 shares during the period. 75.37% of the stock is owned by institutional investors and hedge funds.
NEE has been the subject of several analyst reports. KeyCorp reissued a “buy” rating and set a $155.00 price target on shares of NextEra Energy in a research report on Friday, September 1st. Morgan Stanley increased their price target on shares of NextEra Energy from $167.00 to $169.00 and gave the company an “overweight” rating in a research report on Friday, September 8th. Goldman Sachs Group, Inc. (The) initiated coverage on shares of NextEra Energy in a research report on Monday, July 24th. They set a “buy” rating and a $160.00 price target for the company. J P Morgan Chase & Co initiated coverage on shares of NextEra Energy in a research report on Thursday, September 7th. They set an “overweight” rating and a $173.00 price target for the company. Finally, BMO Capital Markets reissued a “buy” rating and set a $156.00 price target (up previously from $144.00) on shares of NextEra Energy in a research report on Friday, June 23rd. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $153.75.
Shares of NextEra Energy, Inc. (NYSE:NEE) opened at 152.54 on Thursday. NextEra Energy, Inc. has a 52-week low of $110.49 and a 52-week high of $152.78. The stock has a market capitalization of $71.58 billion, a PE ratio of 17.47 and a beta of 0.31. The stock has a 50 day moving average of $148.82 and a 200 day moving average of $142.35.
NextEra Energy (NYSE:NEE) last released its quarterly earnings data on Wednesday, July 26th. The utilities provider reported $1.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.76 by $0.10. NextEra Energy had a net margin of 24.26% and a return on equity of 11.88%. The company had revenue of $4.40 billion during the quarter, compared to analyst estimates of $4.44 billion. During the same period in the prior year, the firm earned $1.67 earnings per share. The firm’s revenue for the quarter was up 15.4% compared to the same quarter last year. Analysts forecast that NextEra Energy, Inc. will post $6.76 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be paid a $0.9825 dividend. This represents a $3.93 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date is Wednesday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is presently 45.02%.
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In related news, EVP Charles E. Sieving sold 30,485 shares of the company’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $146.56, for a total value of $4,467,881.60. Following the completion of the sale, the executive vice president now directly owns 78,167 shares of the company’s stock, valued at $11,456,155.52. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP John W. Ketchum sold 2,900 shares of the company’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $150.00, for a total transaction of $435,000.00. Following the completion of the sale, 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 ninety days, insiders sold 65,385 shares of company stock valued at $9,614,382. 0.53% of the stock is owned by insiders.
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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