Cidel Asset Management Inc. decreased its position in shares of NextEra Energy Inc (NYSE:NEE) by 3.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 158,393 shares of the utilities provider’s stock after selling 6,127 shares during the period. NextEra Energy accounts for about 1.7% of Cidel Asset Management Inc.’s investment portfolio, making the stock its 18th largest position. Cidel Asset Management Inc.’s holdings in NextEra Energy were worth $30,621,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NEE. Vanguard Group Inc raised its holdings in NextEra Energy by 2.0% in the third quarter. Vanguard Group Inc now owns 41,214,999 shares of the utilities provider’s stock worth $6,907,634,000 after purchasing an additional 815,916 shares in the last quarter. BlackRock Inc. grew its stake in shares of NextEra Energy by 2.4% during the fourth quarter. BlackRock Inc. now owns 37,651,697 shares of the utilities provider’s stock worth $6,544,616,000 after acquiring an additional 886,301 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of NextEra Energy by 17,067.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 8,822,408 shares of the utilities provider’s stock worth $51,000 after acquiring an additional 8,771,018 shares during the last quarter. Norges Bank purchased a new stake in shares of NextEra Energy during the fourth quarter worth about $1,172,014,000. Finally, Northern Trust Corp grew its stake in shares of NextEra Energy by 4.2% during the fourth quarter. Northern Trust Corp now owns 6,679,055 shares of the utilities provider’s stock worth $1,160,953,000 after acquiring an additional 270,346 shares during the last quarter. Institutional investors own 75.90% of the company’s stock.
In related news, Director Rudy E. Schupp sold 1,600 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $191.52, for a total value of $306,432.00. Following the completion of the transaction, the director now directly owns 19,210 shares in the company, valued at $3,679,099.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Deborah H. Caplan sold 2,976 shares of the company’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $194.44, for a total value of $578,653.44. Following the completion of the transaction, the executive vice president now owns 24,477 shares of the company’s stock, valued at $4,759,307.88. The disclosure for this sale can be found here. Insiders sold a total of 86,475 shares of company stock worth $17,079,179 over the last quarter. Company insiders own 0.48% of the company’s stock.
NEE traded up $2.19 during trading on Friday, hitting $206.96. 1,334,175 shares of the stock were exchanged, compared to its average volume of 1,993,197. The firm has a market cap of $97.97 billion, a price-to-earnings ratio of 26.88, a price-to-earnings-growth ratio of 3.11 and a beta of 0.26. NextEra Energy Inc has a 1-year low of $156.85 and a 1-year high of $208.47. The company has a quick ratio of 0.38, a current ratio of 0.46 and a debt-to-equity ratio of 0.79.
NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $2.20 EPS for the quarter, topping the consensus estimate of $2.01 by $0.19. NextEra Energy had a return on equity of 10.26% and a net margin of 17.13%. The company had revenue of $4.08 billion for the quarter, compared to analyst estimates of $4.11 billion. During the same quarter in the previous year, the company posted $1.94 earnings per share. Equities analysts expect that NextEra Energy Inc will post 8.35 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, June 3rd will be paid a $1.25 dividend. The ex-dividend date is Friday, May 31st. This represents a $5.00 annualized dividend and a dividend yield of 2.42%. NextEra Energy’s dividend payout ratio (DPR) is currently 64.94%.
NEE has been the topic of a number of recent research reports. UBS Group upped their target price on NextEra Energy from $225.00 to $236.00 and gave the company a “buy” rating in a research report on Friday, June 7th. Morgan Stanley upped their target price on NextEra Energy from $194.00 to $207.00 and gave the company an “overweight” rating in a research report on Friday. KeyCorp assumed coverage on NextEra Energy in a research report on Tuesday, June 4th. They issued an “overweight” rating and a $225.00 target price on the stock. Zacks Investment Research lowered NextEra Energy from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. Finally, Credit Suisse Group set a $199.00 target price on NextEra Energy and gave the stock a “buy” rating in a research note on Monday, April 22nd. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $204.46.
NextEra Energy Company Profile
NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear, and natural gas-fired facilities. It also provides risk management services related to power and gas consumption.
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