NextEra Energy Inc (NYSE:NEE) Stake Decreased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. cut its holdings in NextEra Energy Inc (NYSE:NEE) by 59.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,212 shares of the utilities provider’s stock after selling 12,028 shares during the quarter. Assenagon Asset Management S.A.’s holdings in NextEra Energy were worth $1,203,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Balasa Dinverno & Foltz LLC boosted its position in shares of NextEra Energy by 13.1% during the third quarter. Balasa Dinverno & Foltz LLC now owns 2,804 shares of the utilities provider’s stock worth $411,000 after purchasing an additional 325 shares in the last quarter. Mutual of America Capital Management LLC boosted its position in shares of NextEra Energy by 12.7% during the third quarter. Mutual of America Capital Management LLC now owns 84,143 shares of the utilities provider’s stock worth $12,331,000 after purchasing an additional 9,495 shares in the last quarter. Quotient Investors LLC bought a new position in shares of NextEra Energy during the third quarter worth $525,000. Shell Asset Management Co. boosted its position in shares of NextEra Energy by 213.0% during the third quarter. Shell Asset Management Co. now owns 134,674 shares of the utilities provider’s stock worth $12,643,000 after purchasing an additional 91,641 shares in the last quarter. Finally, Eqis Capital Management Inc. boosted its position in shares of NextEra Energy by 6.7% during the third quarter. Eqis Capital Management Inc. now owns 19,308 shares of the utilities provider’s stock worth $2,830,000 after purchasing an additional 1,217 shares in the last quarter. 75.63% of the stock is currently owned by hedge funds and other institutional investors.

NEE has been the topic of a number of recent 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 lifted their price target on shares of NextEra Energy from $167.00 to $169.00 and gave the stock an “overweight” rating in a research report on Friday, September 8th. Zacks Investment Research lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a report on Friday, October 13th. Argus restated a “buy” rating and set a $173.00 price objective on shares of NextEra Energy in a report on Tuesday. They noted that the move was a valuation call. Finally, J P Morgan Chase & Co assumed coverage on shares of NextEra Energy in a report on Thursday, September 7th. They set an “overweight” rating and a $173.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $157.73.

In other NextEra Energy news, EVP John W. Ketchum sold 2,900 shares of NextEra Energy stock in a transaction on Monday, September 18th. The shares were sold at an average price of $150.00, for a total value of $435,000.00. Following the sale, the executive vice president now directly owns 18,786 shares in the company, valued at approximately $2,817,900. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Armando Pimentel, Jr. sold 42,372 shares of NextEra Energy stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $157.45, for a total transaction of $6,671,471.40. Following the completion of the sale, the chief executive officer now owns 121,958 shares in the company, valued at $19,202,287.10. The disclosure for this sale can be found here. Insiders sold a total of 107,757 shares of company stock worth $16,419,953 over the last quarter. Company insiders own 0.53% of the company’s stock.

Shares of NextEra Energy Inc (NYSE NEE) traded up $0.40 during trading hours on Thursday, hitting $158.18. 1,452,106 shares of the company were exchanged, compared to its average volume of 1,683,597. 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 Inc has a fifty-two week low of $114.85 and a fifty-two week high of $159.28. The firm has a market capitalization of $73,212.69, a price-to-earnings ratio of 23.33, a price-to-earnings-growth ratio of 3.10 and a beta of 0.31.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, November 24th will be paid a $0.9825 dividend. The ex-dividend date is Wednesday, November 22nd. This represents a $3.93 annualized dividend and a yield of 2.48%. NextEra Energy’s payout ratio is currently 44.16%.

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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.

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

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