Banque Pictet & Cie SA Buys New Holdings in NextEra Energy Inc (NEE)

Banque Pictet & Cie SA bought a new position in NextEra Energy Inc (NYSE:NEE) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,800 shares of the utilities provider’s stock, valued at approximately $410,000.

Other institutional investors have also recently modified their holdings of the company. Ngam Advisors L.P. grew its stake in shares of NextEra Energy by 13.0% in the first quarter. Ngam Advisors L.P. now owns 57,851 shares of the utilities provider’s stock worth $7,427,000 after acquiring an additional 6,664 shares during the period. Trustmark National Bank Trust Department grew its position in NextEra Energy by 47.8% during the first quarter. Trustmark National Bank Trust Department now owns 5,565 shares of the utilities provider’s stock valued at $715,000 after buying an additional 1,800 shares during the period. L & S Advisors Inc bought a new stake in NextEra Energy during the first quarter valued at approximately $2,890,000. Marco Investment Management LLC bought a new stake in NextEra Energy during the first quarter valued at approximately $220,000. Finally, Princeton Portfolio Strategies Group LLC grew its position in NextEra Energy by 11.0% during the first quarter. Princeton Portfolio Strategies Group LLC now owns 30,066 shares of the utilities provider’s stock valued at $3,860,000 after buying an additional 2,986 shares during the period. 75.63% of the stock is owned by institutional investors and hedge funds.

In other news, EVP Charles E. Sieving sold 30,485 shares of the business’s stock in a transaction on 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 transaction, the executive vice president now 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 Securities & Exchange Commission, which is available through this link. Also, CEO Armando Pimentel, Jr. sold 42,372 shares of the business’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $157.45, for a total transaction of $6,671,471.40. Following the completion of the transaction, the chief executive officer now directly owns 121,958 shares in the company, valued at approximately $19,202,287.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 107,757 shares of company stock valued at $16,419,953. Company insiders own 0.53% of the company’s stock.

NextEra Energy Inc (NYSE:NEE) traded up $0.22 on Tuesday, hitting $159.25. 1,608,800 shares of the company’s stock were exchanged, compared to its average volume of 1,681,721. The company has a market capitalization of $74,807.33, a price-to-earnings ratio of 23.84, a P/E/G ratio of 3.17 and a beta of 0.31. NextEra Energy Inc has a fifty-two week low of $114.85 and a fifty-two week high of $159.35. The company has a current ratio of 0.61, a quick ratio of 0.49 and a debt-to-equity ratio of 1.11.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Thursday, October 26th. The utilities provider reported $1.85 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.77 by $0.08. The business had revenue of $4.81 billion during the quarter, compared to analyst estimates of $4.89 billion. NextEra Energy had a net margin of 24.81% and a return on equity of 11.86%. The company’s revenue was up .1% on a year-over-year basis. During the same period in the prior year, the business posted $1.74 earnings per share. equities research analysts expect that NextEra Energy Inc will post 6.73 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be given a $0.9825 dividend. The ex-dividend date is Wednesday, November 22nd. This represents a $3.93 dividend on an annualized basis and a dividend yield of 2.47%. NextEra Energy’s payout ratio is currently 44.16%.

Several brokerages recently issued reports on NEE. Zacks Investment Research upgraded shares of NextEra Energy from a “hold” rating to a “buy” rating and set a $178.00 target price for the company in a research report on Tuesday. Credit Suisse Group began coverage on shares of NextEra Energy in a research report on Thursday, December 7th. They set an “outperform” rating and a $173.00 target price for the company. Argus restated a “buy” rating and set a $173.00 target price on shares of NextEra Energy in a research report on Tuesday, December 5th. They noted that the move was a valuation call. Royal Bank of Canada restated a “buy” rating and set a $156.00 target price on shares of NextEra Energy in a research report on Tuesday, November 7th. Finally, Bank of America began coverage on shares of NextEra Energy in a research report on Tuesday, October 24th. They set a “buy” rating and a $166.00 target price for the company. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $158.60.

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About NextEra Energy

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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Institutional Ownership by Quarter for NextEra Energy (NYSE:NEE)

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