BB&T Investment Services Inc. lifted its stake in NextEra Energy Inc (NYSE:NEE) by 28.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,154 shares of the utilities provider’s stock after buying an additional 473 shares during the period. BB&T Investment Services Inc.’s holdings in NextEra Energy were worth $314,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. increased its holdings in NextEra Energy by 3,384.2% during the 1st quarter. BlackRock Inc. now owns 37,833,468 shares of the utilities provider’s stock valued at $4,856,682,000 after purchasing an additional 36,747,599 shares in the last quarter. Janus Henderson Group PLC increased its holdings in NextEra Energy by 2,832.8% during the 2nd quarter. Janus Henderson Group PLC now owns 1,800,376 shares of the utilities provider’s stock valued at $252,287,000 after purchasing an additional 1,738,989 shares in the last quarter. Vanguard Group Inc. increased its holdings in NextEra Energy by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 34,147,719 shares of the utilities provider’s stock valued at $4,785,120,000 after purchasing an additional 1,503,907 shares in the last quarter. Principal Financial Group Inc. increased its holdings in NextEra Energy by 122.5% during the 2nd quarter. Principal Financial Group Inc. now owns 1,479,209 shares of the utilities provider’s stock valued at $207,281,000 after purchasing an additional 814,478 shares in the last quarter. Finally, BT Investment Management Ltd acquired a new stake in NextEra Energy during the 2nd quarter valued at $96,214,000. 75.53% of the stock is owned by institutional investors and hedge funds.
In other news, CEO Armando Pimentel, Jr. sold 42,372 shares of the firm’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $157.45, for a total value of $6,671,471.40. Following the transaction, the chief executive officer now directly owns 121,958 shares in the company, valued at approximately $19,202,287.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Charles E. Sieving sold 30,485 shares of the firm’s stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $146.56, for a total value of $4,467,881.60. Following the completion of the transaction, the executive vice president now owns 78,167 shares in the company, valued at $11,456,155.52. The disclosure for this sale can be found here. Insiders sold a total of 104,857 shares of company stock worth $15,984,953 over the last 90 days. 0.53% of the stock is owned by corporate insiders.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.85 EPS for the quarter, beating the Zacks’ consensus estimate of $1.77 by $0.08. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. The firm had revenue of $4.81 billion for the quarter, compared to analyst estimates of $4.89 billion. During the same period last year, the company earned $1.74 EPS. The business’s quarterly revenue was up .1% compared to the same quarter last year. equities research analysts predict that NextEra Energy Inc will post 6.73 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, November 24th were given a $0.9825 dividend. The ex-dividend date was Wednesday, November 22nd. This represents a $3.93 annualized dividend and a dividend yield of 2.56%. NextEra Energy’s dividend payout ratio is currently 44.16%.
NEE has been the subject of a number of recent analyst reports. KeyCorp reaffirmed a “buy” rating and set a $155.00 price target on shares of NextEra Energy in a report on Friday, September 1st. Zacks Investment Research cut NextEra Energy from a “buy” rating to a “hold” rating in a report on Friday, October 13th. Morgan Stanley raised their price target on NextEra Energy from $167.00 to $169.00 and gave the company an “overweight” rating in a report on Friday, September 8th. Bank of America initiated coverage on NextEra Energy in a report on Tuesday, October 24th. They set a “buy” rating and a $166.00 price target for the company. Finally, Argus reaffirmed a “buy” rating and set a $173.00 price target on shares of NextEra Energy in a report on Tuesday, December 5th. They noted that the move was a valuation call. Two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. NextEra Energy currently has a consensus rating of “Buy” and an average price target of $159.00.
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.
Want to see what other hedge funds are holding NEE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NextEra Energy Inc (NYSE:NEE).
Receive News & Ratings for NextEra Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NextEra Energy and related companies with MarketBeat.com's FREE daily email newsletter.