NextEra Energy Inc (NYSE:NEE) Holdings Lifted by Knuff & Co LLC

Knuff & Co LLC grew its position in NextEra Energy Inc (NYSE:NEE) by 11.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,280 shares of the utilities provider’s stock after purchasing an additional 535 shares during the period. Knuff & Co LLC’s holdings in NextEra Energy were worth $1,230,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NEE. Bedel Financial Consulting Inc. lifted its stake in shares of NextEra Energy by 1.4% in the 3rd quarter. Bedel Financial Consulting Inc. now owns 3,412 shares of the utilities provider’s stock worth $795,000 after acquiring an additional 47 shares during the period. Horan Securities Inc. lifted its stake in NextEra Energy by 37.6% during the third quarter. Horan Securities Inc. now owns 172 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 47 shares during the last quarter. Flagship Harbor Advisors LLC lifted its stake in NextEra Energy by 1.2% during the third quarter. Flagship Harbor Advisors LLC now owns 3,891 shares of the utilities provider’s stock valued at $906,000 after purchasing an additional 47 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in NextEra Energy by 1.7% during the third quarter. Quadrant Capital Group LLC now owns 2,855 shares of the utilities provider’s stock valued at $645,000 after purchasing an additional 47 shares during the last quarter. Finally, Meridian Financial Partners LLC lifted its stake in NextEra Energy by 1.8% during the second quarter. Meridian Financial Partners LLC now owns 2,824 shares of the utilities provider’s stock valued at $588,000 after purchasing an additional 49 shares during the last quarter. Hedge funds and other institutional investors own 74.53% of the company’s stock.

Several analysts recently commented on NEE shares. 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. 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. ValuEngine lowered shares of NextEra Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. 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. Finally, 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. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $231.67.

Shares of NYSE:NEE traded up $0.19 during mid-day trading on Monday, hitting $222.27. The stock had a trading volume of 683,346 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 28.87, 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 sale, the executive vice president now owns 46,467 shares of the company’s stock, 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.

About NextEra Energy

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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