Everence Capital Management Inc. Makes New Investment in NextEra Energy, Inc. (NYSE:NEE)


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Everence Capital Management Inc. purchased a new position in shares of NextEra Energy, Inc. (NYSE:NEE) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 43,674 shares of the utilities provider’s stock, valued at approximately $3,302,000.

A number of other institutional investors and hedge funds have also bought and sold shares of NEE. Norges Bank purchased a new position in NextEra Energy during the 4th quarter worth approximately $2,351,012,000. Northern Trust Corp raised its position in NextEra Energy by 290.1% during the 4th quarter. Northern Trust Corp now owns 25,759,220 shares of the utilities provider’s stock worth $1,987,325,000 after buying an additional 19,155,193 shares during the last quarter. Bank of New York Mellon Corp raised its position in NextEra Energy by 293.5% during the 4th quarter. Bank of New York Mellon Corp now owns 20,373,747 shares of the utilities provider’s stock worth $1,571,834,000 after buying an additional 15,195,906 shares during the last quarter. Bahl & Gaynor Inc. raised its position in NextEra Energy by 637.5% during the 4th quarter. Bahl & Gaynor Inc. now owns 15,271,969 shares of the utilities provider’s stock worth $1,178,232,000 after buying an additional 13,201,254 shares during the last quarter. Finally, California Public Employees Retirement System raised its position in NextEra Energy by 287.6% during the 4th quarter. California Public Employees Retirement System now owns 15,819,335 shares of the utilities provider’s stock worth $1,220,462,000 after buying an additional 11,737,595 shares during the last quarter. 19.20% of the stock is owned by institutional investors.

NYSE:NEE traded up $0.48 during trading hours on Thursday, reaching $77.89. 146,982 shares of the company were exchanged, compared to its average volume of 9,325,720. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 1.02. The stock’s 50-day moving average is $74.55 and its 200-day moving average is $77.20. The firm has a market cap of $152.78 billion, a PE ratio of 39.00, a price-to-earnings-growth ratio of 4.07 and a beta of 0.16. NextEra Energy, Inc. has a twelve month low of $55.65 and a twelve month high of $87.69.

NextEra Energy (NYSE:NEE) last posted its quarterly earnings data on Monday, January 25th. The utilities provider reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.02. The company had revenue of $4.40 billion during the quarter, compared to analysts’ expectations of $5.71 billion. NextEra Energy had a net margin of 21.44% and a return on equity of 10.79%. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.36 earnings per share. As a group, research analysts anticipate that NextEra Energy, Inc. will post 2.3 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 15th. Shareholders of record on Friday, February 26th were given a dividend of $0.385 per share. This represents a $1.54 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend was Thursday, February 25th. NextEra Energy’s dividend payout ratio is presently 73.68%.

In other NextEra Energy news, CEO Eric E. Silagy sold 28,564 shares of the firm’s stock in a transaction that occurred on Monday, March 15th. The shares were sold at an average price of $75.63, for a total value of $2,160,295.32. Following the transaction, the chief executive officer now directly owns 182,607 shares of the company’s stock, valued at approximately $13,810,567.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO James L. Robo sold 118,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 2nd. The stock was sold at an average price of $76.02, for a total transaction of $8,970,360.00. The disclosure for this sale can be found here. Insiders have sold 165,531 shares of company stock valued at $12,575,235 over the last 90 days. 0.40% of the stock is currently owned by company insiders.

A number of equities analysts have issued reports on the stock. Bank of America reissued a “buy” rating and set a $81.00 price target on shares of NextEra Energy in a research report on Friday, January 15th. Sanford C. Bernstein began coverage on shares of NextEra Energy in a report on Tuesday, March 9th. They set an “outperform” rating and a $88.00 target price for the company. Morgan Stanley cut their target price on shares of NextEra Energy from $77.00 to $66.00 and set an “equal weight” rating for the company in a report on Tuesday, March 16th. Wells Fargo & Company lifted their target price on shares of NextEra Energy from $85.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, January 27th. Finally, Mizuho lifted their target price on shares of NextEra Energy from $64.00 to $90.00 and gave the company a “buy” rating in a report on Monday, January 11th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. NextEra Energy currently has a consensus rating of “Buy” and an average price target of $78.18.

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 fossil fuel, such as coal and natural gas facilities. It also develops, constructs, and operates long-term contracted assets with a focus on renewable generation facilities, electric transmission facilities, and battery storage projects; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.

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

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