Sumitomo Life Insurance Co. lessened its stake in shares of NextEra Energy, Inc. (NYSE:NEE) by 1.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 23,158 shares of the utilities provider’s stock after selling 418 shares during the period. Sumitomo Life Insurance Co.’s holdings in NextEra Energy were worth $3,394,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Fox Run Management L.L.C. purchased a new stake in NextEra Energy during the 2nd quarter valued at $1,289,000. Almanack Investment Partners LLC. raised its holdings in NextEra Energy by 64.6% during the 2nd quarter. Almanack Investment Partners LLC. now owns 2,163 shares of the utilities provider’s stock valued at $303,000 after buying an additional 849 shares during the period. Salem Investment Counselors Inc. raised its holdings in NextEra Energy by 12.7% during the 1st quarter. Salem Investment Counselors Inc. now owns 9,001 shares of the utilities provider’s stock valued at $1,154,000 after buying an additional 1,012 shares during the period. NGAM Advisors L.P. raised its holdings in NextEra Energy by 8.9% during the 2nd quarter. NGAM Advisors L.P. now owns 63,026 shares of the utilities provider’s stock valued at $8,832,000 after buying an additional 5,175 shares during the period. Finally, Capital One National Association increased its stake in NextEra Energy by 30.9% in the second quarter. Capital One National Association now owns 21,617 shares of the utilities provider’s stock worth $3,030,000 after purchasing an additional 5,099 shares during the period. Institutional investors own 74.55% of the company’s stock.
In related news, EVP Charles E. Sieving sold 30,485 shares of the firm’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $146.56, for a total transaction of $4,467,881.60. Following the sale, the executive vice president now owns 78,167 shares of the company’s stock, valued at $11,456,155.52. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Joseph T. Kelliher sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, October 11th. The shares were sold at an average price of $150.00, for a total value of $300,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 65,385 shares of company stock worth $9,748,482. 0.53% of the stock is owned by corporate insiders.
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NextEra Energy, Inc. (NYSE NEE) opened at $156.21 on Wednesday. NextEra Energy, Inc. has a 12-month low of $112.63 and a 12-month high of $159.28. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.49 and a current ratio of 0.61. The stock has a market capitalization of $73,344.40, a price-to-earnings ratio of 23.38, a PEG ratio of 3.10 and a beta of 0.31.
NextEra Energy (NYSE:NEE) last posted its quarterly earnings results on Thursday, October 26th. The utilities provider reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.08. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. The business had revenue of $4.81 billion for the quarter, compared to the consensus estimate of $4.89 billion. During the same quarter in the prior year, the company earned $1.74 EPS. The business’s revenue was up .1% compared to the same quarter last year. research analysts forecast that NextEra Energy, Inc. will post 6.73 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, November 24th will be given a dividend of $0.9825 per share. This represents a $3.93 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend is Wednesday, November 22nd. NextEra Energy’s payout ratio is currently 44.16%.
A number of analysts have weighed in on NEE shares. KeyCorp reiterated a “buy” rating and issued a $155.00 target price on shares of NextEra Energy in a research note on Friday, September 1st. Morgan Stanley increased their target price on NextEra Energy from $167.00 to $169.00 and gave the stock an “overweight” rating in a research note on Friday, September 8th. Zacks Investment Research lowered NextEra Energy from a “buy” rating to a “hold” rating in a research note on Friday, October 13th. J P Morgan Chase & Co started coverage on NextEra Energy in a research note on Thursday, September 7th. They issued an “overweight” rating and a $173.00 target price on the stock. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $156.00 target price on shares of NextEra Energy in a research note on Tuesday, November 7th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $155.38.
About NextEra Energy
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.
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