NextEra Energy Inc (NYSE:NEE) Stake Lessened by Whitnell & Co.

Whitnell & Co. cut its stake in NextEra Energy Inc (NYSE:NEE) by 1.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,557 shares of the utilities provider’s stock after selling 150 shares during the period. Whitnell & Co.’s holdings in NextEra Energy were worth $1,761,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in NextEra Energy by 1.3% during 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 lifted its stake in NextEra Energy by 3.3% during 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 lifted its stake in NextEra Energy by 9.3% during the third quarter. California Public Employees Retirement System now owns 3,757,140 shares of the utilities provider’s stock valued at $875,376,000 after purchasing an additional 319,918 shares during the last quarter. UBS Asset Management Americas Inc. lifted its stake in NextEra Energy by 41.5% during 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. lifted its stake in NextEra Energy by 21.6% during 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. Institutional investors and hedge funds own 74.53% of the company’s stock.

Several analysts recently commented on NEE shares. Guggenheim increased their target price on shares of NextEra Energy from $230.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Barclays lowered shares of NextEra Energy from an “overweight” rating to an “equal weight” rating and set a $218.00 target price for the company. in a research note on Tuesday, August 13th. KeyCorp increased their target price on shares of NextEra Energy from $231.00 to $242.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Wells Fargo & Co increased their target price on shares of NextEra Energy from $240.00 to $260.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. Finally, Credit Suisse Group increased their target price on shares of NextEra Energy from $231.00 to $232.00 and gave the company an “outperform” rating in a research note on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $231.67.

Shares of NYSE:NEE traded down $1.01 during mid-day trading on Friday, hitting $222.08. The stock had a trading volume of 1,583,945 shares, compared to its average volume of 1,974,897. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.47 and a current ratio of 0.58. The company has a market cap of $111.01 billion, a PE ratio of 28.84, a P/E/G ratio of 3.40 and a beta of 0.17. NextEra Energy Inc has a 12-month low of $164.78 and a 12-month high of $239.89. The company’s 50 day moving average is $231.32 and its 200-day moving average is $213.40.

NextEra Energy (NYSE:NEE) last issued its quarterly earnings results on Tuesday, October 22nd. The utilities provider reported $2.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.27 by $0.12. The business had revenue of $5.57 billion during the quarter, compared to the consensus estimate of $5.14 billion. NextEra Energy had a net margin of 16.92% and a return on equity of 10.59%. The firm’s quarterly revenue was up 26.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.18 EPS. On average, equities research analysts predict that NextEra Energy Inc will post 8.36 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a $1.25 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $5.00 annualized dividend and a dividend yield of 2.25%. NextEra Energy’s dividend payout ratio (DPR) is presently 64.94%.

In related news, CEO James L. Robo sold 44,537 shares of the company’s stock in a transaction that occurred 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Charles E. Sieving sold 4,987 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $222.52, for a total transaction of $1,109,707.24. Following the completion of the transaction, the executive vice president now owns 46,467 shares in the company, valued at approximately $10,339,836.84. The disclosure for this sale can be found here. In the last 90 days, insiders sold 97,576 shares of company stock valued at $21,514,886. 0.48% of the stock is owned by insiders.

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

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