Great West Life Assurance Co. Can boosted its position in shares of NextEra Energy Inc (NYSE:NEE) by 3.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 540,318 shares of the utilities provider’s stock after purchasing an additional 17,658 shares during the quarter. Great West Life Assurance Co. Can owned approximately 0.11% of NextEra Energy worth $88,363,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of NEE. Schwab Charles Investment Management Inc. boosted its position in NextEra Energy by 3.8% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,619,616 shares of the utilities provider’s stock worth $252,968,000 after purchasing an additional 59,040 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of NextEra Energy by 30.7% in the fourth quarter. Fisher Asset Management LLC now owns 3,927 shares of the utilities provider’s stock valued at $613,000 after acquiring an additional 922 shares in the last quarter. Advisors Capital Management LLC purchased a new stake in shares of NextEra Energy in the fourth quarter valued at $215,000. Assenagon Asset Management S.A. lifted its position in shares of NextEra Energy by 10.0% in the fourth quarter. Assenagon Asset Management S.A. now owns 9,031 shares of the utilities provider’s stock valued at $1,411,000 after acquiring an additional 819 shares in the last quarter. Finally, Vicus Capital purchased a new stake in shares of NextEra Energy in the fourth quarter valued at $213,000. Institutional investors own 75.98% of the company’s stock.
Several analysts have recently issued reports on the company. ValuEngine downgraded NextEra Energy from a “buy” rating to a “hold” rating in a research report on Thursday, May 17th. Morgan Stanley reduced their price objective on NextEra Energy from $172.00 to $165.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 13th. JPMorgan Chase & Co. upped their price objective on NextEra Energy from $167.00 to $170.00 and gave the company an “overweight” rating in a research report on Tuesday, April 10th. Zacks Investment Research upgraded NextEra Energy from a “hold” rating to a “buy” rating and set a $172.00 price objective on the stock in a research report on Wednesday, February 21st. Finally, KeyCorp upped their price objective on NextEra Energy from $165.00 to $168.00 and gave the company an “overweight” rating in a research report on Wednesday, April 18th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $168.92.
NYSE NEE opened at $162.42 on Friday. NextEra Energy Inc has a twelve month low of $138.00 and a twelve month high of $165.15. The stock has a market cap of $75.89 billion, a P/E ratio of 24.24, a price-to-earnings-growth ratio of 2.42 and a beta of 0.23. The company has a current ratio of 0.59, a quick ratio of 0.46 and a debt-to-equity ratio of 0.78.
NextEra Energy (NYSE:NEE) last released its earnings results on Tuesday, April 24th. The utilities provider reported $1.94 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.78 by $0.16. NextEra Energy had a return on equity of 10.91% and a net margin of 48.13%. The firm had revenue of $3.86 billion for the quarter, compared to the consensus estimate of $4.15 billion. During the same period in the prior year, the business posted $1.75 earnings per share. The firm’s revenue for the quarter was down 2.7% compared to the same quarter last year. equities analysts anticipate that NextEra Energy Inc will post 7.73 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Tuesday, June 5th will be given a dividend of $1.11 per share. The ex-dividend date of this dividend is Monday, June 4th. This represents a $4.44 annualized dividend and a yield of 2.73%. NextEra Energy’s dividend payout ratio (DPR) is presently 66.27%.
In related news, Director Eric E. Silagy sold 11,114 shares of the stock in a transaction dated Monday, May 14th. The stock was sold at an average price of $160.82, for a total transaction of $1,787,353.48. Following the transaction, the director now directly owns 25,898 shares in the company, valued at $4,164,916.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James L. Robo sold 18,000 shares of the stock in a transaction dated Monday, March 19th. The stock was sold at an average price of $160.89, for a total value of $2,896,020.00. The disclosure for this sale can be found here. Insiders have sold 142,754 shares of company stock worth $22,504,957 over the last quarter. 0.55% of the stock is currently owned by company insiders.
NextEra Energy 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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