Bath Savings Trust Co boosted its holdings in NextEra Energy, Inc. (NYSE:NEE) by 10.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 47,031 shares of the utilities provider’s stock after acquiring an additional 4,600 shares during the period. NextEra Energy accounts for 1.8% of Bath Savings Trust Co’s holdings, making the stock its 20th biggest position. Bath Savings Trust Co’s holdings in NextEra Energy were worth $6,893,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. increased 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 buying an additional 36,747,599 shares during the period. Janus Henderson Group PLC increased its position in NextEra Energy by 2,832.8% during the 2nd quarter. Janus Henderson Group PLC now owns 1,800,376 shares of the utilities provider’s stock worth $252,287,000 after buying an additional 1,738,989 shares during the period. Vanguard Group Inc. increased 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 buying an additional 1,503,907 shares during the period. Principal Financial Group Inc. increased 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 buying an additional 814,478 shares during the period. Finally, BT Investment Management Ltd bought a new position in NextEra Energy during the 2nd quarter worth $96,214,000. Institutional investors and hedge funds own 74.55% of the company’s stock.
Shares of NextEra Energy, Inc. (NYSE NEE) opened at $156.04 on Monday. The firm has a market capitalization of $73,400.84, a PE ratio of 23.39, a P/E/G ratio of 3.10 and a beta of 0.31. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.61 and a quick ratio of 0.49. NextEra Energy, Inc. has a 12 month low of $112.63 and a 12 month high of $159.28.
NextEra Energy (NYSE:NEE) last released its quarterly earnings data 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. The business had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.89 billion. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. NextEra Energy’s revenue was up .1% compared to the same quarter last year. During the same period last year, the firm posted $1.74 earnings per share. equities analysts predict that NextEra Energy, Inc. will post 6.73 EPS for the current fiscal 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 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend is Wednesday, November 22nd. NextEra Energy’s dividend payout ratio (DPR) is presently 44.16%.
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In related news, Director James L. Robo sold 30,000 shares of the firm’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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Charles E. Sieving sold 30,485 shares of the firm’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 in the company, valued at $11,456,155.52. The disclosure for this sale can be found here. Insiders sold 65,385 shares of company stock worth $9,748,482 over the last ninety days. 0.53% of the stock is currently owned by insiders.
Several research firms have weighed in on NEE. Bank of America Corporation began coverage on NextEra Energy in a research report on Tuesday, October 24th. They set a “buy” rating and a $166.00 price objective on the stock. Royal Bank Of Canada reiterated a “buy” rating and set a $156.00 price objective on shares of NextEra Energy in a research report on Tuesday, November 7th. Zacks Investment Research cut NextEra Energy from a “buy” rating to a “hold” rating in a research report on Friday, October 13th. KeyCorp reiterated a “buy” rating and set a $155.00 price objective on shares of NextEra Energy in a research report on Friday, September 1st. Finally, J P Morgan Chase & Co set a $169.00 price objective on NextEra Energy and gave the stock a “hold” rating in a research report on Thursday, October 12th. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $155.38.
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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