BlackRock Inc. grew its holdings in shares of NextEra Energy Inc (NYSE:NEE) by 0.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 38,285,470 shares of the utilities provider’s stock after acquiring an additional 4,147 shares during the quarter. BlackRock Inc. owned about 0.08% of NextEra Energy worth $5,979,808,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of NEE. Janus Henderson Group PLC lifted its position in NextEra Energy by 2,832.8% in 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 last quarter. Vanguard Group Inc. lifted its position in NextEra Energy by 4.6% in 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 last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in NextEra Energy by 26.4% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,724,367 shares of the utilities provider’s stock worth $548,102,000 after buying an additional 777,351 shares during the last quarter. BT Investment Management Ltd bought a new stake in NextEra Energy in the 2nd quarter worth approximately $96,214,000. Finally, Patten Group Inc. lifted its position in NextEra Energy by 7,613.6% in the 3rd quarter. Patten Group Inc. now owns 686,048 shares of the utilities provider’s stock worth $1,326,000 after buying an additional 677,154 shares during the last quarter. Hedge funds and other institutional investors own 75.24% of the company’s stock.
NextEra Energy Inc (NYSE NEE) opened at $156.05 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.64 and a quick ratio of 0.52. The company has a market capitalization of $73,410.00, a P/E ratio of 13.74, a price-to-earnings-growth ratio of 2.55 and a beta of 0.28. NextEra Energy Inc has a 12 month low of $125.96 and a 12 month high of $159.64.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Tuesday, February 27th will be paid a dividend of $1.11 per share. This is a boost from NextEra Energy’s previous quarterly dividend of $0.98. This represents a $4.44 annualized dividend and a dividend yield of 2.85%. NextEra Energy’s payout ratio is 34.60%.
In other news, CEO Armando Pimentel, Jr. sold 9,250 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $151.83, for a total transaction of $1,404,427.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Armando Pimentel, Jr. sold 42,372 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $157.45, for a total value of $6,671,471.40. Following the transaction, the chief executive officer now directly owns 121,958 shares in the company, valued at $19,202,287.10. The disclosure for this sale can be found here. 0.53% of the stock is currently owned by insiders.
NEE has been the subject of a number of recent research reports. Argus restated a “buy” rating and issued 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 issued a $156.00 target price on shares of NextEra Energy in a research report on Tuesday, November 7th. Bank of America initiated coverage on NextEra Energy in a research report on Tuesday, October 24th. They issued a “buy” rating and a $166.00 target price for the company. Zacks Investment Research upgraded 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, December 12th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $177.00 price target on shares of NextEra Energy in a research note on Wednesday, January 3rd. Three equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. NextEra Energy has an average rating of “Buy” and a consensus price target of $161.38.
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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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