Stock Yards Bank & Trust Co. lessened its stake in NextEra Energy Inc (NYSE:NEE) by 1.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 20,309 shares of the utilities provider’s stock after selling 273 shares during the period. Stock Yards Bank & Trust Co.’s holdings in NextEra Energy were worth $4,732,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of NextEra Energy by 1.3% in the second quarter. Vanguard Group Inc. now owns 43,282,619 shares of the utilities provider’s stock valued at $8,866,878,000 after purchasing an additional 573,923 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of NextEra Energy by 3.3% in the second quarter. Bank of New York Mellon Corp now owns 4,949,645 shares of the utilities provider’s stock valued at $1,013,984,000 after purchasing an additional 155,904 shares during the last quarter. California Public Employees Retirement System increased its holdings in shares of NextEra Energy by 19.1% in the second quarter. California Public Employees Retirement System now owns 3,437,222 shares of the utilities provider’s stock valued at $704,149,000 after purchasing an additional 550,956 shares during the last quarter. UBS Asset Management Americas Inc. increased its holdings in shares of NextEra Energy by 41.5% in the second quarter. UBS Asset Management Americas Inc. now owns 2,524,371 shares of the utilities provider’s stock valued at $517,143,000 after purchasing an additional 740,059 shares during the last quarter. Finally, Bahl & Gaynor Inc. increased its holdings in shares of NextEra Energy by 21.6% in the second quarter. Bahl & Gaynor Inc. now owns 2,412,212 shares of the utilities provider’s stock valued at $494,166,000 after purchasing an additional 427,760 shares during the last quarter. 76.11% of the stock is owned by hedge funds and other institutional investors.
NEE has been the subject of several recent research reports. Morgan Stanley set a $233.00 price target on NextEra Energy and gave the company a “buy” rating in a report on Friday, August 16th. Barclays cut NextEra Energy from an “overweight” rating to an “equal weight” rating and set a $218.00 price target for the company. in a report on Tuesday, August 13th. Guggenheim increased their price objective on NextEra Energy from $230.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Bank of America increased their price objective on NextEra Energy from $215.00 to $225.00 and gave the stock a “buy” rating in a research report on Tuesday, June 25th. Finally, UBS Group increased their price objective on NextEra Energy from $240.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $222.14.
Shares of NEE traded down $1.36 during midday trading on Tuesday, hitting $227.54. 1,081,854 shares of the stock were exchanged, compared to its average volume of 1,967,786. NextEra Energy Inc has a 52-week low of $164.78 and a 52-week high of $234.27. The stock has a fifty day simple moving average of $225.50 and a 200 day simple moving average of $208.17. The firm has a market cap of $109.97 billion, a P/E ratio of 29.55, a P/E/G ratio of 3.42 and a beta of 0.18. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.42 and a current ratio of 0.52.
NextEra Energy (NYSE:NEE) last released its quarterly earnings results on Wednesday, July 24th. The utilities provider reported $2.35 EPS for the quarter, topping the consensus estimate of $2.28 by $0.07. NextEra Energy had a return on equity of 10.46% and a net margin of 18.73%. The business had revenue of $4.97 billion during the quarter, compared to analyst estimates of $4.68 billion. During the same period last year, the business posted $2.08 earnings per share. The company’s quarterly revenue was up 22.3% on a year-over-year basis. As a group, equities research analysts forecast that NextEra Energy Inc will post 8.38 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Thursday, August 29th were given a dividend of $1.25 per share. The ex-dividend date of this dividend was Wednesday, August 28th. This represents a $5.00 annualized dividend and a dividend yield of 2.20%. NextEra Energy’s dividend payout ratio is currently 64.94%.
In other news, Director Rudy E. Schupp sold 1,600 shares of the stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $231.32, for a total value of $370,112.00. Following the sale, the director now directly owns 16,237 shares in the company, valued at $3,755,942.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO James L. Robo sold 44,537 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $216.85, for a total value of $9,657,848.45. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 97,576 shares of company stock valued at $21,514,886. Company insiders own 0.48% of the company’s stock.
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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